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Located in the prime and sought-after Warm Sands area, in desirable South Palm Springs. This mid-century modern 5-unit garden style property has many possibilities. All 5 units will be delivered vacant and fully furnished upon closing. It can be run as a hotel, apartment building or live in one unit and rent out the rest. The City of Palm Springs has approved the property for conversion to a boutique hotel once specific upgrades are completed. Building permit and architectural plans to be transferred to the buyer upon closing. Currently the property is rented seasonally to snowbirds. There are no under market rents that you have to wait years to improve. Five units total, four 1bd/1ba and one 2bd/2ba. Detached front unit includes living room with fireplace, 1 bedroom + 1 bath, kitchen, dining area, private patio, and mountain views. Four additional units include three 1 bedroom + 1 bath units and one 2 bedroom + 2 bath unit. All four remaining units have living rooms, vintage Mid-Century Modern kitchens, breakfast bars, and dining areas. All overlook garden areas and most have private patios. Gated pool, spa, and patio area. Minutes to the many fine shops and restaurants in the downtown village area of Palm Springs. Included in the purchase price are all appliances, exterior patio furniture, interior furnishings, and household items. The perfect desert retreat! Buyer to co-operate with "possible" Seller's 1031 Tax Deferred Exchange at no cost to Buyer. Broker, Broker's Agents, & Sellers do not represent and/or guarantee the accuracy of the square footage, permitted or unpermitted space, bedroom/bath count, lot size/dimensions, schools, or any other information concerning the conditions or features of the property & surrounding area, including property income. Buyer is advised to independently verify the accuracy of all information through personal inspection and/or investigation with appropriate professionals to satisfy themselves regarding all material issues of the subject property etc.
Property Type(s):
Residential Income
| Last Updated | 10/25/2024 | Tract | Warm Sands |
|---|---|---|---|
| Year Built | 1957 | Community | South End Palm Springs |
| County | Riverside |
SCHOOLS
| School District | Palm Springs Unified |
|---|
Price History
| Prior to Oct 25, '24 | $1,895,000 |
|---|---|
| Oct 25, '24 - Today | $1,795,000 |
Additional Details
| AIR | Electric, Evaporative Cooling, Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Barbecue, Disposal, Dryer, Microwave, Oven, Range, Range Hood, Refrigerator, Vented Exhaust Fan, Washer |
| AREA | South End Palm Springs |
| CONSTRUCTION | Stucco |
| EXTERIOR | Misting System |
| FIREPLACE | Yes |
| GARAGE | Private |
| HEAT | Central, Forced Air, Natural Gas |
| INTERIOR | Ceiling Fan(s), Furnished |
| LOT | 9583 sq ft |
| LOT DESCRIPTION | Back Yard, Corners Marked, Rectangular Lot |
| LOT DIMENSIONS | 100x100 |
| PARKING | Private |
| POOL | Yes |
| POOL DESCRIPTION | Fenced,Filtered,Gunite,Heated,In Ground,Private |
| SEWER | Other,Sewer Tap Paid |
| STORIES | 1 |
| STYLE | Mid-Century Modern |
| SUBDIVISION | Warm Sands |
| UTILITIES | Overhead Utilities |
| VIEW | Yes |
| VIEW DESCRIPTION | Hills,Mountain(s) |
| WATER | Public |
| ZONING | R2 |
Location
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Listed with Berkshire Hathaway HomeServices California Properties
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2024.
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