975 E Camino Parocela Open House Save Request In-Person Tour Request Virtual Tour
Palm Springs,CA 92264
OPEN HOUSE
Sun Nov 17, 12:00pm - 3:00pm
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,764 sqft
Price per Sqft $476
MLS Listing ID CL24421577
HOA Y/N No
Year Built 1957
Lot Size 9,583 Sqft
Acres 0.22
Property Description
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 pati
Location
State CA
County Riverside
Area Listing
Zoning R2
Interior
Heating Forced Air,Natural Gas,Other
Cooling Other,Evaporative Cooling,Wall/Window Unit(s)
Flooring Laminate,Tile
Fireplace No
Appliance Dryer
Laundry Community Facility,Dryer,Laundry Room,Washer,Other
Exterior
Utilities Available Other Water/Sewer
View Y/N true
View Hills,Mountain(s)
Handicap Access Other
Parking Type Private
Building
Lot Description Other,Back Yard
Water Public,Other
New Construction No
Others
Tax ID 508146002