120 W Vereda Sur, Palm Springs, CA 92262 (MLS# 41233930)

120 W Vereda Sur, Palm Springs, CA 92262

$1,300,000
Property Type: Residential Income Bedrooms: 10 Baths: 10 Square Footage: 5,500 Lot Size (sq. ft.): 19,602 Status: Closed
Current Price: $1,300,000 List Date: 1/01/2006 Last Modified: 8/22/2024

Overview

Description

Upscale 10 room hotel in the heart of Old Las Palmas. Tropical garden setting with great mountain views. Pool, spa, cooling mist system, individually controlled central air conditioning in the rooms, in-room telephones. Well established clientele. Close to airport, convention center, casinos and downtown Palm Springs. Appointment only, call listing agent at number below. Do not stop by property. Room descriptions are as follows: 4 King Studios (king bed) 1 Queen Studio (queen bed) 1 Queen with private patio (queen bed) 3 Queen Guest Rooms (queen bed) 1 Double Queen Studio (2 queen beds)

Listing Details MLS# 41233930

General Property Information

Total Units
10
Total Bedrooms
10
Total Baths
10
Approx SqFt
5500
SqFt Source
Other
Lot Acres
0.45
Lot Size Source
Assessor
Year Built
1955
Price Per Unit
0

Property Features

Listing Terms: Cash Possession: Close Of Escrow View Type: Mountain(s) Levels: One Cooling Type: Air Conditioning; Central Air Pool Description: Heated Heating Fuel: Natural Gas Sewer: Unknown Water: Water District Land Lease Type: Fee Simple

Listing Location and Property Info

APN
505221008
Original List Price
2100000
Street #
120
Street Direction
W
Street Name
Vereda Sur
County
Riverside
State
CA
Zip Code
92262
Area
332 - Palm Springs Central
Neighborhood
Old Las Palmas

Status Change Info

Status Change Date
2007-03-12
Pending Date
2007-03-05
Closed Date
2007-03-12
Closed Price
1300000

Parking SpacesInformation

Total Parking Spaces
10

Listing, Location and Property Info

Entry Date
2005-12-14
Land Type
Fee
Builders Tract Code
5650

More Information

Income & Expenses

Actual Total Rent $
0
Annual Gross Rent $
0
Garage Income $
0
Gross Annual Income $
657000
Gross Income $
0
Gross Operating Income $
362000
Gross Schedule Income $
657000
Gross Spendable Income $
0
Laundry Income $
0
Net Operating Income $
181000
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 $
181000
Other Expense $
0
Pest Control $
0
Pool Expense $
0
Repair/Maintenance %
0
Security Expense $
0
Supplies $
0
Total Annual Operating Expenses $
362000
Trash $
0
Water Expense $
0
Workers Compensation $
0
Assessed Improved %
0
Assessed Improvement $
0
Assessed Total Value $
0
Cap Rate %
0
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

View Type

Mountain(s)
Yes

Levels

One
Yes

Cooling Type

Air Conditioning
Yes
Central Air
Yes

Pool Description

Heated
Yes

Heating Fuel

Natural Gas
Yes

Sewer

Unknown
Yes

Water

Water District
Yes

Land Lease Type

Fee Simple
Yes
Listing Office: Pacific Union
Listing Agent: Keith/ Al
Last Updated: August - 22 - 2024
Information deemed reliable but not guaranteed.

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