1050 E Palm Canyon, Palm Springs, CA 92264 (MLS# 41149952)

1050 E Palm Canyon, Palm Springs, CA 92264

$2,800,000
Property Type: Residential Income Square Footage: 13,000 Lot Size (sq. ft.): 154,638 Status: Closed
Current Price: $2,800,000 List Date: 1/29/2003 Last Modified: 8/22/2024

Overview

Description

Immaculate 23 Suite Boutique hotel on 3.5 acres in exclusive South Palm Springs Area. Architect William Cody. Meticulously maintained landscaping. Large Potential owner's residence with private pool and entry. Total property Size is 3.55 acres. Suites (avg 400+/- s/f) feature kitchenettes & fireplaces. Solid repeat customers.

Listing Details MLS# 41149952

General Property Information

Total Units
23
Approx SqFt
13000
SqFt Source
Other
Lot Acres
3.55
Lot Size Source
Assessor
Year Built
1955
Price Per Unit
0

Property Features

Listing Terms: Cash Possession: Close Of Escrow Levels: One Flooring: Carpet Cooling Type: Air Conditioning Pool Description: Heated Sewer: In, Connected and Paid Water: Water District

Listing Location and Property Info

APN
508432019
Original List Price
3800000
Street #
1050
Street Direction
E
Street Name
Palm Canyon
County
Riverside
State
CA
Zip Code
92264
Area
334 - Palm Springs South End
Neighborhood
Deepwell Estates

Status Change Info

Status Change Date
2004-02-04
Pending Date
2003-11-15
Closed Date
2004-02-03
Closed Price
2800000

Parking SpacesInformation

Total Parking Spaces
6

Listing, Location and Property Info

Entry Date
2003-01-28
Builders Tract Code
Not in a Development

More Information

Income & Expenses

Actual Total Rent $
0
Annual Gross Rent $
0
Garage Income $
0
Gross Annual Income $
600000
Gross Income $
0
Gross Operating Income $
600000
Gross Schedule Income $
600000
Gross Spendable Income $
169000
Laundry Income $
0
Net Operating Income $
300000
Other Income 1 $
0
Other Income 2 $
0
Advertising Expense $
0
Cable TV $
0
Electricity $
0
Elevator Expense $
0
Expense Management $
0
Furniture $
0
Gardener $
0
Gas $
0
Insurance $
0
Licenses $
0
Maintenance %
0
Manager $
0
Operating Expenses $
300000
Other Expense $
0
Pest Control $
0
Pool Expense $
0
Repair/Maintenance %
0
Security Expense $
0
Supplies $
0
Total Annual Operating Expenses $
600000
Trash $
0
Water Expense $
0
Workers Compensation $
0
Assessed Improved %
0
Assessed Improvement $
0
Assessed Total Value $
0
Cap Rate %
10.7
Personal Property Percent %
0
Tax Rate %
0
Total Taxes $
0

Listing Terms

Cash
Yes

Possession

Close Of Escrow
Yes

Parking Spaces/Information

Total Covered Spaces
0

Levels

One
Yes

Flooring

Carpet
Yes

Cooling Type

Air Conditioning
Yes

Pool Description

Heated
Yes

Sewer

In, Connected and Paid
Yes

Water

Water District
Yes
Listing Office: Sperry Van Ness
Listing Agent: Mike Kassinger
Last Updated: August - 22 - 2024
Information deemed reliable but not guaranteed.

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