220 S Patencio Road, Palm Springs, CA 92262 (MLS# 219056221)

220 S Patencio Road, Palm Springs, CA 92262

$2,362,000
Property Type: Residential Income Bedrooms: 9 Baths: 9 Square Footage: 10,875 Lot Size (sq. ft.): 11,326 Status: Closed
Current Price: $2,362,000 List Date: 1/25/2021 Last Modified: 1/02/2025

Overview

Description

Located in the Historic Tennis Club neighborhood next to Downtown Palm Springs, The Old Ranch Inn has been successfully operating as an 8-room Boutique Hotel. Increased revenue possible with a minimal improvement cost by adding 9th room, currently used as office space. Each room is unique, all with Kitchens/Kitchenettes to serve short term and long-term (28 days or more) guests. Hotel License will be transferred at time of sale. Transient Occupancy Tax (TOT) does not have to be paid on long term occupancies. Option to lease/rent all rooms long term is extremely valuable to remain profitable while complying with current short-term Hotel operating restrictions. All units individually metered to bill back to longer term guests. Most units have views of San Jacinto mountains and pool. Property has outdoor breakfast bar, bbq and entertainment area with firepit and room to add in ground outdoor spa. Great walking neighborhood close to shopping, dining, hiking and bike paths. On-site park ...

Listing Details MLS# 219056221

General Property Information

Total Units
9
Total Bedrooms
9
Full Baths
3
3/4 Baths
6
Total Baths
9
Approx SqFt
10875
SqFt Source
Other
Fireplace
Yes
Building # of Stories
Yes
Total Fireplaces
2
Pool
Yes
Paved
Yes
Lot Acres
0.26
Lot Size Source
Assessor
Year Built
1930
Cross Streets
Patencio btw Arenas and Baristo

Property Features

Owner Pays: Electricity; Gardener; Gas; Pool Service; Trash Collection; Water Sale Type: Standard Listing Terms: Cash; Cash to New Loan; Conventional; Private Financing Available Possession: Close Of Escrow Lot Description: Landscaped View Type: Mountain(s); Pool Property Condition: Updated/Remodeled Irrigation: Drip System; Sprinkler Timer Disclosures: None Building Style: Contemporary; Ranch; Spanish; Other Levels: Ground Entry Location: Ground Level - No Steps Unit Location: Ground Floor Appliances: Dryer; Microwave Oven; Refrigerator; Washer Built-In BBQ: Gas Kitchen Features: Granite Tile Counters; Laminate Counters; Tile Counters Bedroom Features: All Bedrooms Down Bathroom Features: Shower Over Tub; Shower Stall; Tile Counters; Tile Shower Exterior Construction: Stucco; Wood Fencing: Fenced Foundation: Slab Flooring: Carpet; Ceramic Tile Cooling Type: Air Conditioning; Electric Pool Location: Community Pool Construction: In Ground Pool Description: Gas Heated; Heated; Private Heating: Central; Zoned Fireplace Location: Living Room; Other Fireplace Features: Fire Pit; Gas Rooms: Bar; Breakfast; Dining Area; Entry; Living Room Interior Features: Beamed Ceilings; Track Lighting; Wet Bar TV Services: Cable TV Laundry: Laundry Area Security Safety: Exterior Security Lights Window Treatments: Blinds; Drapes Roofing: Clay Tile; Tar/Gravel Patio Features: Covered Sewer: In, Connected and Paid Water: In Street Water Heater Feature: Electric Parking: On Street; Side By Side; Unassigned Association Amenities: Barbecue; Fire Pit Contingent Upon: Inspection Land Lease Type: Fee Simple

Listing Location and Property Info

APN
513133014
Original List Price
2400000
Street #
220
Street Direction
S
Street Name
Patencio
Street Suffix
Road
County
Riverside
State
CA
Zip Code
92262
Area
332 - Palm Springs Central
Neighborhood
Historic Tennis Club
Country
US

Listing Info

Number of Buildings
Yes
Inclusions
All indoor and outdoor furnishings as well as decor included in sale.
Water Heater
Yes
Laundry
Yes
Laundry Equipment
Own
Elevator
No
Rent Control
No
ADA Compliant
No

Tax Info

Tax Mello Roos
No

Property Info

Entry Floor Number
Yes
Senior Community
No
Gated Community
No
View
Yes

More Information

Status Change Info

Status Change Date
2021-03-31
Pending Date
2021-03-10
Closed Date
2021-03-31
Closed Price
2362000

Counts

# Electric Meters
9
# Gas Meter
Yes
# of Refrigerators
9
# Water Meters
Yes

Parking SpacesInformation

Total Parking Spaces
8

Listing, Location and Property Info

New Construction
No
Entry Date
2021-01-25
Land Type
Fee

Owner Pays

Electricity
Yes
Gardener
Yes
Gas
Yes
Pool Service
Yes
Trash Collection
Yes
Water
Yes

Fencing

Fenced
Yes

Sale Type

Standard
Yes

Listing Terms

Cash
Yes
Cash to New Loan
Yes
Conventional
Yes
Private Financing Available
Yes

Possession

Close Of Escrow
Yes

Parking Spaces/Information

Total Covered Spaces
0
Total Uncovered/Assigned Spaces
8

Lot Description

Landscaped
Yes

View Type

Mountain(s)
Yes
Pool
Yes

Property Condition

Updated/Remodeled
Yes

Irrigation

Drip System
Yes
Sprinkler Timer
Yes

Disclosures

None
Yes

Building Style

Contemporary
Yes
Ranch
Yes
Spanish
Yes
Other
Yes

Levels

Ground
Yes

Entry Location

Ground Level - No Steps
Yes

Unit Location

Ground Floor
Yes

Appliances

Dryer
Yes
Microwave Oven
Yes
Refrigerator
Yes
Washer
Yes

Built-In BBQ

Gas
Yes

Kitchen Features

Granite Tile Counters
Yes
Laminate Counters
Yes
Tile Counters
Yes

Bedroom Features

All Bedrooms Down
Yes

Bathroom Features

Shower Over Tub
Yes
Shower Stall
Yes
Tile Counters
Yes
Tile Shower
Yes

Exterior Construction

Stucco
Yes
Wood
Yes

Foundation

Slab
Yes

Flooring

Carpet
Yes
Ceramic Tile
Yes

Cooling Type

Air Conditioning
Yes
Electric
Yes

Pool Location

Community
Yes

Pool Construction

In Ground
Yes

Pool Description

Gas Heated
Yes
Heated
Yes
Private
Yes

Heating

Central
Yes
Zoned
Yes

Fireplace Location

Living Room
Yes
Other
Yes

Fireplace Features

Fire Pit
Yes
Gas
Yes

Rooms

Bar
Yes
Breakfast
Yes
Dining Area
Yes
Entry
Yes
Living Room
Yes

Interior Features

Beamed Ceilings
Yes
Track Lighting
Yes
Wet Bar
Yes

TV Services

Cable TV
Yes

Laundry

Laundry Area
Yes

Security Safety

Exterior Security Lights
Yes

Window Treatments

Blinds
Yes
Drapes
Yes

Roofing

Clay Tile
Yes
Tar/Gravel
Yes

Patio Features

Covered
Yes

Sewer

In, Connected and Paid
Yes

Water

In Street
Yes

Water Heater Feature

Electric
Yes

Parking

On Street
Yes
Side By Side
Yes
Unassigned
Yes

Association Amenities

Barbecue
Yes
Fire Pit
Yes

Contingent Upon

Inspection
Yes

Land Lease Type

Fee Simple
Yes
Listing Office: Berkshire Hathaway HomeServices California Properties
Listing Agent: Sandra Quinn
Last Updated: January - 02 - 2025
Information deemed reliable but not guaranteed.

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