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1200 S Palm Canyon Drive S, Palm Springs, CA 92264

$1,110,000

1200 S Palm Canyon Drive S, Palm Springs, CA 92264

Property Type: Residential Income Bedrooms: 11 Baths: 16 Lot Size (sq. ft.): 16,553 Status: Closed

Current Price: $1,110,000 List Date: 10/01/2015 Last Modified: 5/12/2026

Overview

Description

Prime location in desirable South Palm Springs on South Palm Canyon Dr. amidst other fine resorts and private homes. Downtown is only 10 minutes away. Highest and most profitable use would probably be vacation rentals or use back at hotel with 16 units. Currently operated as Apts, the below current market rents do not reflect the true value of this property. This property was previously a Resort Inn. Currently there are four l bedroom units, One 2 bedroom, and Six studio's. Well maintained property with current 12 yr. owners. Great mountain views and shopping and dining is at your door. Call Agent about owner about seeing a 1 bed. and studio unit.

Listing Details MLS# 215027976

General Property Information

Total Units: 11
Total Bedrooms: 11
Full Baths: 16
Total Baths: 16
Price Per Unit: 117727
Fireplace: No
Pool: Yes
Paved: Yes
Lot Acres: 0.38
Lot Size Source: Assessor
Zoning Source: Assessor
Year Built: 1960
Cross Streets: S. Palm Canyon and Ocotillo

Property Features

Owner Pays: Electricity; Gardener; Gas; Pool Service; Water Tenant Pays: Cable TV; Other Sale Type: Standard Listing Terms: Cash; Cash to New Loan; Owner May Carry Possession: Close Of Escrow; Subject To Tenants Rights Lot Description: Landscaped; Street Public Lot Location: Corner Lot; Near Public Transit Property Orientation Faces: Front Door Faces South; Front Door Faces West Property Condition: Updated/Remodeled Community Features: Community Mailbox; Sidewalks Building Style: Mid Century; Traditional Levels: Two Unit Location: Ground Floor; Second Floor Exterior Construction: Stucco Fencing: Fenced Foundation: Slab Cooling Type: Wall/Window Unit(s) Pool Location: Community Pool Construction: Gunite; In Ground Pool Description: Gas Heated Heating: Other Heating Fuel: Electric TV Services: Cable TV Laundry: Community Volt 220 Location: 220V Throughout Window Treatments: Shutters Roofing: Foam Sewer: In, Connected and Paid Water: Water District Water Heater Feature: Gas Land Lease Type: Fee Simple

Listing Location and Property Info

APN: 508301001
Original List Price: 1395000
Street #: 1200
Street Direction: S
Street Name: Palm Canyon
Street Suffix: Drive
Post Direction: S
County: Riverside
State: CA
Zip Code: 92264
Area: 334 - Palm Springs South End

Listing Info

Number of Buildings: 2
Water Heater: Yes
Laundry: Yes
Laundry Equipment: Lease
Elevator: No
School District: Palm Springs Unified
ADA Compliant: No

Tax Info

Tax Mello Roos: Unknown
Annual Taxes: 15405
Tax Rate Year: 2014

Property Info

View: Yes
Green Features: No
Senior Community: No
Gated Community: Yes
Type of Business: Current Apts.

More Information

Status Change Info

Status Change Date: 2016-03-11
Pending Date: 2016-03-03
Closed Date: 2016-03-11
Closed Price: 1110000

Counts

# Electric Meters: Yes
# Gas Meter: Yes
# of Ranges: 8
# of Refrigerators: 11
# Water Meters: Yes

Water

Water District Name: Desert
Water District: Yes

Parking SpacesInformation

Total Parking Spaces: 12

Unit Information

Number of Units Leased: 10

Listing, Location and Property Info

Entry Date: 2015-10-01
Land Type: Fee

Income & Expenses

Annual Gross Rent $: 100500
Gross Equity $: 1295000
Monthly Gross Income $: 8350
Electricity $: 16335
Gardener $: 3590
Gas $: 1143
Insurance $: 3750
Licenses $: 466
Other Expense $: 1057
Pool Expense $: 2345
Supplies $: 5960
Trash $: 1579
Water Expense $: 2041
Assessed Improvement $: 743515
Assessed Total Value $: 1085397
Cap Rate %: 3
Tax Rate Year: 2014
Total Taxes $: 15405

Owner Pays

Electricity: Yes
Gardener: Yes
Gas: Yes
Pool Service: Yes
Water: Yes

Tenant Pays

Cable TV: Yes
Other: Yes

Community Features

Community Mailbox: Yes
Sidewalks: Yes

Fencing

Fenced: Yes

Sale Type

Standard: Yes

Listing Terms

Cash: Yes
Cash to New Loan: Yes
Owner May Carry: Yes

Possession

Close Of Escrow: Yes
Subject To Tenants Rights: Yes

Lot Description

Landscaped: Yes
Street Public: Yes

Lot Location

Corner Lot: Yes
Near Public Transit: Yes

Property Orientation Faces

Front Door Faces South: Yes
Front Door Faces West: Yes

Property Condition

Updated/Remodeled: Yes

Building Style

Mid Century: Yes
Traditional: Yes

Levels

Two: Yes

Unit Location

Ground Floor: Yes
Second Floor: Yes

Exterior Construction

Stucco: Yes

Foundation

Slab: Yes

Cooling Type

Wall/Window Unit(s): Yes

Pool Location

Community: Yes

Pool Construction

Gunite: Yes
In Ground: Yes

Pool Description

Gas Heated: Yes

Heating

Other: Yes

Heating Fuel

Electric: Yes

TV Services

Cable TV: Yes

Laundry

Community: Yes

Volt 220 Location

220V Throughout: Yes

Window Treatments

Shutters: Yes

Roofing

Foam: Yes

Sewer

In, Connected and Paid: Yes

Water Heater Feature

Gas: Yes

Land Lease Type

Fee Simple: Yes

Listing Office: Bennion Deville Homes

Listing Agent: Ron Hughes

Last Updated: May - 12 - 2026

Information deemed reliable but not guaranteed.

760.799.7770