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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
...
(Read more)
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 parking for each room. Room rates have been historically below market creating a perfect opportunity to increase revenue especially with the 9th room brought into service. Investment proforma attached.
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
Documents
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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