1600 E Palm Canyon Drive, Palm Springs, CA 92264 (MLS# 219032267)

1600 E Palm Canyon Drive, Palm Springs, CA 92264

$3,000,000
Property Type: Commercial Sale Square Footage: 6,670 Lot Size (sq. ft.): 20,038 Status: Closed
Current Price: $3,000,000 List Date: 10/22/2019 Last Modified: 1/13/2025

Overview

Description

Hotel is located in the South end of Palm Springs in the very desirable Deepwell Neighborhood. This Mediterranean style Boutique Hotel is centered by a spacious 40 ft. pool, 10 person spa, guest BBQ and dining counter, coffee bar, outdoor kitchen and fireplace. Currently operated as 13 guest Rooms, property tax and city records indicate the Hotel can be operated as sixteen (16) rooms. There are 16 bathrooms and 16 off street parking spaces to support this. In addition to the 13 Guest Rooms, there is a 2 Bedroom, 2 Bathroom owners/resident managers unit with a full kitchen and private patio that can be easily modified to become two separate rooms. The reception/office can be converted back to another unit. Hotel is well located within walking distance of Smoketree Commons and Smoketree Shopping Center with multiple retail stores and dining options. Purchase price includes furniture, fixtures and equipment (FF&E) plus the Reservation database. Fully operational and well maintained & li ...

Listing Details MLS# 219032267

General Property Information

Approx SqFt
6670
SqFt Source
Other
Lot Acres
0.46
Lot Size Source
Assessor
Year Built
1953
Cross Streets
S Calle Marcus & E Palm Canyon

Property Features

Business Type: Hospitality Sale Type: Standard Financing: Cash; Conventional Listing Terms: Cash; Conventional; Standard Sale Showing Access: Appointment w/List Office; Do Not Contact Occupant; List Agent Accompanies Owner Pays: A/C; Electric; Gas/Heat; Insurance; Janitor; Phone; Sewer; Taxes; Water Lot Features: Corner Lot; Landscaped; Level with Street; Lot 20000-39999 SqFt; Lot Level/Flat; Sprinkler System; Sprinklers Timer Asset Class: Hotel/Motel Land Use: Other Survey: Buyer Pays Exterior Construction: Stucco; Wood Heating: Forced Air Laundry: Own; Room Security Safety: Gated Community; Smoke Detector Roofing: Clay Tile; Tile Water: Meter on Property Utilities: 220V in Laundry; Cable TV; Electricity Available; Electricity Connected; Natural Gas Available; Underground Utilities; Water Meter on Property; See Remarks Electric: Standard Contingent Upon: Inspection Disclosures: None

Listing Location and Property Info

APN
508454011
Original List Price
3500000
Property Sub-Type
Combo - Res & Com
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
Country
US

Listing Info

Accounting Type
Actual
Ownership Type
Corporation

Property Info

Entry Floor Number
Yes
Building # of Stories
2
# Units
13
Business Name
La Maison Hotel
# Buildings
Yes
Building Status
Existing

Status Change Info

Status Change Date
2020-08-15
Pending Date
2020-08-07
Closed Date
2020-08-14
Closed Price
3000000

More Information

Expenses

Expense Year
2018
Annual Advertising Expense
10746
Annual Electric Expense
15998
Annual Insurance Expense
7878
Annual Maintenance Expense
18020
Annual Operating Expense
254542
Annual Professional Management Expense
7678
Annual Supplies Expense
2492
Annual Trash Expense
660
Annual Water/Sewer Expense
2336
Legal Accounting
913
Total Expenses
254542

Income

Effective Gross
523527
Net Operating
268985

Business Info

Cap Rate
7.7
Cooling
Yes
Current Use
Hotel
Financing Available
Yes
Investment Property
Yes
Laundry Equipment
Yes
Sale or Lease
Sale
Vacancy Allowance Type
%
Heating
Yes

Parking SpacesInformation

Total Uncovered/Assigned Spaces
16
Total Parking Spaces
16

Water

Water District Name
Desert Water Agency
Meter on Property
Yes

Listing, Location and Property Info

Entry Date
2019-10-22

Owner Pays

A/C
Yes
Electric
Yes
Gas/Heat
Yes
Insurance
Yes
Janitor
Yes
Phone
Yes
Sewer
Yes
Taxes
Yes
Water
Yes

Business Type

Hospitality
Yes

Utilities

220V in Laundry
Yes
Cable TV
Yes
Electricity Available
Yes
Electricity Connected
Yes
Natural Gas Available
Yes
Underground Utilities
Yes
Water Meter on Property
Yes
See Remarks
Yes

Sale Type

Standard
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Standard Sale
Yes

Financing

Cash
Yes
Conventional
Yes

Showing Access

Appointment w/List Office
Yes
Do Not Contact Occupant
Yes
List Agent Accompanies
Yes

Lot Features

Corner Lot
Yes
Landscaped
Yes
Level with Street
Yes
Lot 20000-39999 SqFt
Yes
Lot Level/Flat
Yes
Sprinkler System
Yes
Sprinklers Timer
Yes

Asset Class

Hotel/Motel
Yes

Disclosures

None
Yes

Land Use

Other
Yes

Survey

Buyer Pays
Yes

Exterior Construction

Stucco
Yes
Wood
Yes

Heating

Forced Air
Yes

Laundry

Own
Yes
Room
Yes

Security Safety

Gated Community
Yes
Smoke Detector
Yes

Roofing

Clay Tile
Yes
Tile
Yes

Electric

Standard
Yes

Contingent Upon

Inspection
Yes
Listing Office: Realty Trust
Listing Agent: Scott Timberlake
Last Updated: January - 13 - 2025
Information deemed reliable but not guaranteed.
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