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312 E Camino Monte Vista, Palm Springs, CA 92262

$2,130,000

Property Type: Residential Income Bedrooms: 12 Baths: 12 Square Footage: 5,550 Status: Closed

Current Price: $2,130,000 List Date: 3/04/2023 Last Modified: 1/02/2025

Overview

Description

Apartment Complex or Fully licensed boutique hotel close to the Uptown District. This Property (previous Hotel) has been closed since 2019, but fully operational. Currently licensed as a 10 room boutique hotel , with 12 rooms. Two are adjoining connecting suites. This Fee simple property sits next to the successful Descanso Hotel and is priced well with unlimited potential depending on the new owners vision. Center court swimming pool, in ground Spa and Sauna / Steam room. Most units have kitchens or kitchenettes. Could potentially be used as a compound or multi unit apartment building subject to city zoning approval. The room count for the hotel license is 10 due to the 10 parking stalls on site. Same would apply to apartment use yet all 12 units have a private bath and kitchen / kitchenette. See the attached pro forma, which includes projections based on other similar properties, in its current condition and following new owner renovations. Additional attachment for projections if ... (Read more)

Listing Details MLS# 219091670

General Property Information

Total Units: 12
Total Bedrooms: 12
Full Baths: 12
Total Baths: 12
Approx SqFt: 5550
SqFt Source: Other
Fireplace: Yes
Building # of Stories: 2
Total Fireplaces: Yes
Pool: Yes
Paved: Yes
Lot Size Source: Assessor
Year Built: 1948
Cross Streets: E Camino Monte Vista, E Stevens Rd

Property Features

Owner Pays: Gardener; Gas; Pool Service; Trash Collection; Water Tenant Pays: Cable TV; Electricity Sale Type: Standard Listing Terms: Cash; Cash to New Loan; Conventional Lot Description: Landscaped; Level; Single Lot; Street Public; Utilities - Overhead Lot Location: Corner Lot View Type: Mountain(s); Pool Other Structural Features: Balcony; Solar System Owned Property Condition: Repair Cosmetic Irrigation: Sprinkler System; Sprinkler Timer Disclosures: Property As Is Community Features: Curbs Building Style: Contemporary; Mid Century Levels: Two Entry Location: Ground Level - No Steps Unit Location: Ground Floor; Second Floor Kitchen Features: Ceramic Counters; Kitchenette; Tile Counters Exterior Construction: Stucco; Wood Foundation: Slab Flooring: Laminate; Tile Cooling Type: Air Conditioning; Ceiling Fan(s); Wall/Window Unit(s) Pool Location: Private Pool Construction: In Ground Pool Description: In Ground; Tile Spa Hot Tub Construction: In Ground Spa Hot Tub Description: Hot Tub; Private Heating: Wall Furnace Heating Fuel: Natural Gas; Solar Fireplace Location: Living Room Fireplace Features: Gas Rooms: Dining Area Interior Features: Recessed Lighting Laundry: Individual Room Volt 220 Location: In Kitchen; In Laundry Security Safety: Exterior Security Lights Roofing: Flat Patio Features: Awning(s); Balcony Sewer: In, Connected and Paid Water: Water District Parking: Side By Side Road Surface Type: Paved Contingent Upon: Appraisal; Inspection; Loan Approval Land Lease Type: Fee Simple

Listing Location and Property Info

APN: 507030008
Original List Price: 2395000
Property Sub-Type: Apartment
Street #: 312
Street Direction: E
Street Name: Camino Monte
Street Suffix: Vista
County: Riverside
State: CA
Zip Code: 92262
Area: 332 - Palm Springs Central
Country: US

Listing Info

Number of Buildings: Yes
Water Heater: Yes
Laundry: Yes
Laundry Equipment: Own
Elevator: No
School District: Palm Springs Unified
Rent Control: No

Tax Info

Tax Mello Roos: Unknown

Property Info

Additional Parcel: No
Senior Community: No
Gated Community: No
View: Yes

More Information

Status Change Info

Status Change Date: 2023-05-16
Pending Date: 2023-04-17
Closed Date: 2023-05-15
Closed Price: 2130000

Counts

# Electric Meters: Yes
# Gas Meter: Yes
# Water Meters: Yes

Water

Water District Name: Desert Water Agency
Water District: Yes

Parking SpacesInformation

Total Parking Spaces: 10

Listing, Location and Property Info

New Construction: No
Entry Date: 2023-03-04
Land Type: Fee

Owner Pays

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

Tenant Pays

Cable TV: Yes
Electricity: Yes

Community Features

Curbs: Yes

Sale Type

Standard: Yes

Road Surface Type

Paved: Yes

Listing Terms

Cash: Yes
Cash to New Loan: Yes
Conventional: Yes

Parking Spaces/Information

RV: None
Total Covered Spaces: 0
Total Uncovered/Assigned Spaces: 10

Lot Description

Landscaped: Yes
Level: Yes
Single Lot: Yes
Street Public: Yes
Utilities - Overhead: Yes

Lot Location

Corner Lot: Yes

View Type

Mountain(s): Yes
Pool: Yes

Other Structural Features

Balcony: Yes
Solar System Owned: Yes

Property Condition

Repair Cosmetic: Yes

Irrigation

Sprinkler System: Yes
Sprinkler Timer: Yes

Disclosures

Property As Is: Yes

Building Style

Contemporary: Yes
Mid Century: Yes

Levels

Two: Yes

Entry Location

Ground Level - No Steps: Yes

Unit Location

Ground Floor: Yes
Second Floor: Yes

Kitchen Features

Ceramic Counters: Yes
Kitchenette: Yes
Tile Counters: Yes

Exterior Construction

Stucco: Yes
Wood: Yes

Foundation

Slab: Yes

Flooring

Laminate: Yes
Tile: Yes

Cooling Type

Air Conditioning: Yes
Ceiling Fan(s): Yes
Wall/Window Unit(s): Yes

Pool Location

Private: Yes

Pool Construction

In Ground: Yes

Pool Description

In Ground: Yes
Tile: Yes

Spa Hot Tub Construction

In Ground: Yes

Spa Hot Tub Description

Hot Tub: Yes
Private: Yes

Heating

Wall Furnace: Yes

Heating Fuel

Natural Gas: Yes
Solar: Yes

Fireplace Location

Living Room: Yes

Fireplace Features

Gas: Yes

Rooms

Dining Area: Yes

Interior Features

Recessed Lighting: Yes

Laundry

Individual Room: Yes

Volt 220 Location

In Kitchen: Yes
In Laundry: Yes

Security Safety

Exterior Security Lights: Yes

Roofing

Flat: Yes

Patio Features

Awning(s): Yes
Balcony: Yes

Sewer

In, Connected and Paid: Yes

Parking

Side By Side: Yes

Contingent Upon

Appraisal: Yes
Inspection: Yes
Loan Approval: Yes

Land Lease Type

Fee Simple: Yes

Documents

Projected Pro Forma ›

Listing Office: Realty Trust

Listing Agent: Scott Timberlake

Last Updated: January - 02 - 2025

Information deemed reliable but not guaranteed.

760.799.7770