1600 E Palm Canyon Drive, Palm Springs, CA 92264 (MLS# 21437031)

1600 E Palm Canyon Drive, Palm Springs, CA 92264

$1,000,000
Property Type: Residential Income Bedrooms: 16 Baths: 1 Square Footage: 6,670 Lot Size (sq. ft.): 20,038 Status: Closed
Current Price: $1,000,000 List Date: 9/19/2011 Last Modified: 12/30/2025

Overview

Description

Price reduced. TERRAZZO, a charming, Mediterranean style boutique resort hotel surrounding a forty foot pool and ten person spa in the Deepwell area of South Palm Springs. The Property Profile lists the hotel as sixteen units but the property is currently operating as fourteen units including a two room suite that can be locked off to make two separate units. There is also a community suite with kitchen and sitting/entertaining area and multi station fitness equipment. This community suite was and can be a very large manager's unit or an additional revenue producing suite. Expenses include a full time manager, houseman and housekeeper. Terrazzo is located within walking distance of great shopping and restaurants. Purchase price includes furniture, fixtures and equipment plus a very extensive Reservations database. Immaculate and excellently maintained property with individual a/c units. Laundry facility located on property. Assumable SBA loan and Seller may carry.

Listing Details MLS# 21437031

General Property Information

Total Units
16
Total Bedrooms
16
Full Baths
Yes
Total Baths
Yes
Approx SqFt
6670
SqFt Source
Other
Price Per Unit
78125
Fireplace
No
Pool
Yes
Lot Acres
0.46
Lot Size Source
Assessor
Year Built
1953

Property Features

Owner Pays: Other Sale Type: Standard Listing Terms: Cash to Existing Loan; Cash to New Loan; Owner May Carry Possession: Close Of Escrow View Type: Mountain(s) Levels: Two Foundation: Other Cooling Type: Air Conditioning Pool Description: Heated Heating: Other Heating Fuel: Natural Gas Disability Access: Other Roofing: Tile Sewer: In, Connected and Paid Water: Water District Water Heater Feature: Gas Land Lease Type: Fee Simple

Listing Location and Property Info

APN
508454011
Original List Price
1250000
Street #
1600
Street Direction
E
Street Name
Palm Canyon
Street Suffix
Drive
County
Riverside
State
CA
Zip Code
92264
Area
334 - Palm Springs South End

Listing Info

Water Heater
Yes
Laundry Equipment
Own
Elevator
No
ADA Compliant
No

Tax Info

Tax Mello Roos
No

Status Change Info

Status Change Date
2011-12-02
Pending Date
2011-10-19
Closed Date
2011-12-02
Closed Price
1000000

More Information

Water

Water District Name
City
Water District
Yes

Listing, Location and Property Info

Entry Date
2011-09-19
Land Type
Fee
Builders Tract Code
Deepwell

Property Info

View
Yes

Income & Expenses

Gross Annual Income $
280591
Gross Operating Income $
280591
Gross Schedule Income $
280591
Net Operating Income $
128042
Cable TV $
3171
Electricity $
25568
Gardener $
3060
Insurance $
5214
Licenses $
295
Manager $
43971
Operating Expenses $
152550
Pool Expense $
4960
Supplies $
6700
Total Annual Operating Expenses $
120793
Trash $
1520
Water Expense $
1601
Cap Rate %
9

Owner Pays

Other
Yes

Sale Type

Standard
Yes

Listing Terms

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

Possession

Close Of Escrow
Yes

View Type

Mountain(s)
Yes

Levels

Two
Yes

Foundation

Other
Yes

Cooling Type

Air Conditioning
Yes

Pool Description

Heated
Yes

Heating

Other
Yes

Heating Fuel

Natural Gas
Yes

Disability Access

Other
Yes

Roofing

Tile
Yes

Sewer

In, Connected and Paid
Yes

Water Heater Feature

Gas
Yes

Land Lease Type

Fee Simple
Yes
Listing Office: Coldwell Banker Realty
Listing Agent: Gary Howell
Last Updated: December - 30 - 2025
Information deemed reliable but not guaranteed.
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