Search -

220 S Patencio Road, Palm Springs, CA 92262

$1,897,000

Property Type: Residential Income Bedrooms: 9 Baths: 9 Square Footage: 10,875 Lot Size (sq. ft.): 11,326 Status: Closed

Current Price: $1,897,000 List Date: 6/01/2012 Last Modified: 8/23/2024

Overview

Description

STRONG/VERIFIABLE 8% CAP RATE!!! Award winning Inn in upscale downtown location. Eight beautiful (private) guest rooms surrounded by lush landscaping and stunning mountain views. Gorgeous pool and ninth guest suite option available. Walking distance to everything! Current sellers are long term owners. Rare opportunity! Confidentiality agreement required...

Listing Details MLS# 41454918

General Property Information

Total Units: Yes
Total Bedrooms: 9
Total Baths: 9
Approx SqFt: 10875
SqFt Source: Other
Building # of Stories: Yes
Pool: Yes
Paved: Yes
Lot Acres: 0.26
Lot Size Source: Assessor
Year Built: 1900
Price Per Unit: 0

Property Features

Owner Pays: Electricity; Gardener; Gas; Pool Service; Water Sale Type: Standard Listing Terms: Cash; Conventional Possession: Close Of Escrow; Other Lot Description: Landscaped Lot Location: Near Public Transit View Type: City Lights; Mountain(s); Panoramic; Pool Property Orientation Faces: Front Door Faces West Property Condition: Updated/Remodeled Disclosures: Property As Is Community Features: Curbs; Sidewalks; Street Lighting Building Style: Ranch Levels: One Entry Location: Foyer Bedroom Features: All Bedrooms Down Foundation: Slab Flooring: Ceramic Tile Cooling Type: Air Conditioning; Electric Pool Location: Private Pool Construction: Gunite; In Ground Pool Description: Gunite; Heated; In Ground; Private Heating: Other Heating Fuel: Electric TV Services: Cable TV Laundry: Electric Dryer Hookup; Laundry Area Disability Access: Other Window Treatments: Drapes Patio Features: Brick - Tile; Concrete Slab Sewer: In, Connected and Paid Land Lease Type: Fee Simple; Other

Listing Location and Property Info

APN: 513133014
Original List Price: 2995000
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

Listing Info

Number of Buildings: Yes
Water Heater: Yes
Laundry: Yes
Laundry Equipment: Own
ADA Compliant: Yes

Tax Info

Tax Mello Roos: No

Status Change Info

Status Change Date: 2015-03-20
Pending Date: 2014-11-19
Closed Date: 2015-03-20
Closed Price: 1897000

More Information

Water

Water District Name: Desert Water

Parking SpacesInformation

Total Parking Spaces: 8

Listing, Location and Property Info

Entry Date: 2012-05-17
Land Type: Fee
Builders Tract Code: 5860

Property Info

View: Yes

Income & Expenses

Actual Total Rent $: 0
Annual Gross Rent $: 0
Garage Income $: 0
Gross Annual Income $: 0
Gross Income $: 1
Gross Operating Income $: 1
Gross Schedule Income $: 0
Gross Spendable Income $: 0
Laundry Income $: 0
Net Operating Income $: 1
Other Income 1 $: 0
Other Income 2 $: 0
Advertising Expense $: 0
Cable TV $: 0
Electricity $: 0
Elevator Expense $: 0
Expense Management $: 0
Furniture $: 0
Gardener $: 0
Gas $: 0
Insurance $: 0
Licenses $: 0
Maintenance %: 0
Manager $: 0
Operating Expenses $: 0
Other Expense $: 0
Pest Control $: 0
Pool Expense $: 0
Repair/Maintenance %: 0
Security Expense $: 0
Supplies $: 0
Total Annual Operating Expenses $: 1
Trash $: 0
Water Expense $: 0
Workers Compensation $: 0
Assessed Improved %: 0
Assessed Improvement $: 0
Assessed Total Value $: 0
Cap Rate %: 7.5
Personal Property Percent %: 0
Vacancy Allowance % or $: 10
Tax Rate %: 0
Tax Rate Year: 9307
Total Taxes $: 9307

Owner Pays

Electricity: Yes
Gardener: Yes
Gas: Yes
Pool Service: Yes
Water: Yes

Community Features

Curbs: Yes
Sidewalks: Yes
Street Lighting: Yes

Sale Type

Standard: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Possession

Close Of Escrow: Yes
Other: Yes

Parking Spaces/Information

Total Covered Spaces: 0

Lot Description

Landscaped: Yes

Lot Location

Near Public Transit: Yes

View Type

City Lights: Yes
Mountain(s): Yes
Panoramic: Yes
Pool: Yes

Property Orientation Faces

Front Door Faces West: Yes

Property Condition

Updated/Remodeled: Yes

Disclosures

Property As Is: Yes

Building Style

Ranch: Yes

Levels

One: Yes

Entry Location

Foyer: Yes

Bedroom Features

All Bedrooms Down: Yes

Foundation

Slab: Yes

Flooring

Ceramic Tile: Yes

Cooling Type

Air Conditioning: Yes
Electric: Yes

Pool Location

Private: Yes

Pool Construction

Gunite: Yes
In Ground: Yes

Pool Description

Gunite: Yes
Heated: Yes
In Ground: Yes
Private: Yes

Heating

Other: Yes

Heating Fuel

Electric: Yes

TV Services

Cable TV: Yes

Laundry

Electric Dryer Hookup: Yes
Laundry Area: Yes

Disability Access

Other: Yes

Window Treatments

Drapes: Yes

Patio Features

Brick - Tile: Yes
Concrete Slab: Yes

Sewer

In, Connected and Paid: Yes

Land Lease Type

Fee Simple: Yes
Other: Yes

Listing Office: Bennion Deville Homes

Listing Agent: Joe W Woods

Last Updated: August - 23 - 2024

Information deemed reliable but not guaranteed.

760.799.7770