1590 E Palm Canyon, Palm Springs, CA 92264 (MLS# 41241579)

1590 E Palm Canyon, Palm Springs, CA 92264

$2,000,000
Property Type: Residential Income Square Footage: 9,262 Lot Size (sq. ft.): 20,473 Status: Closed
Current Price: $2,000,000 List Date: 3/01/2006 Last Modified: 8/22/2024

Overview

Description

Mid-Century Contemporary classic 16-Unit Hotel. The Owner's corner residence has a fireplace & private patio. Each of the private Suites and rooms are individually appointed, each has it's own characteristic features, private patios, all have views, ten w/kitchens & LR. The hotel is centrally located, guests consist of frequent repeat customers. The Hotel has a large center courtyard, heated pool & spa. Owners live at the property. Do not disturb owners or guests. Shown by appt. only.

Listing Details MLS# 41241579

General Property Information

Total Units
16
Approx SqFt
9262
SqFt Source
Other
Lot Acres
0.47
Lot Size Source
Assessor
Year Built
1963
Price Per Unit
0

Property Features

View Type: Mountain(s) Levels: Two Cooling Type: Air Conditioning; Central Air Pool Description: Heated Rooms: Utility Sewer: In, Connected and Paid Water: Water District Land Lease Type: Fee Simple

Listing Location and Property Info

APN
508454007
Original List Price
2222000
Street #
1590
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
2006-08-15
Pending Date
2006-08-14
Closed Date
2006-08-15
Closed Price
2000000

Counts

# of Patios
16

Parking SpacesInformation

Total Parking Spaces
17

More Information

Listing, Location and Property Info

Entry Date
2006-02-01
Land Type
Fee
Builders Tract Code
6310

Income & Expenses

Actual Total Rent $
0
Annual Gross Rent $
0
Garage Income $
0
Gross Annual Income $
707560
Gross Income $
0
Gross Operating Income $
495292
Gross Schedule Income $
707560
Gross Spendable Income $
0
Laundry Income $
0
Net Operating Income $
346705
Other Income 1 $
0
Other Income 2 $
0
Advertising Expense $
0
Cable TV $
6924
Electricity $
12828
Elevator Expense $
0
Expense Management $
0
Furniture $
0
Gardener $
3602
Gas $
9216
Insurance $
5310
Licenses $
518
Maintenance %
0
Manager $
0
Operating Expenses $
30
Other Expense $
0
Pest Control $
384
Pool Expense $
3174
Repair/Maintenance %
0
Security Expense $
0
Supplies $
1735
Total Annual Operating Expenses $
495292
Trash $
650
Water Expense $
1159
Workers Compensation $
0
Assessed Improved %
0
Assessed Improvement $
333004
Assessed Total Value $
0
Cap Rate %
0
Personal Property Percent %
0
Tax Rate %
0
Total Taxes $
552131

Parking Spaces/Information

Total Covered Spaces
0

View Type

Mountain(s)
Yes

Levels

Two
Yes

Cooling Type

Air Conditioning
Yes
Central Air
Yes

Pool Description

Heated
Yes

Rooms

Utility
Yes

Sewer

In, Connected and Paid
Yes

Water

Water District
Yes

Land Lease Type

Fee Simple
Yes
Listing Office: Steve Parks, Broker
Listing Agent: Steve Parks
Last Updated: August - 22 - 2024
Information deemed reliable but not guaranteed.

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