350 S Belardo, Palm Springs, CA 92262 (MLS# 41281420)

350 S Belardo, Palm Springs, CA 92262

$2,000,000
Property Type: Residential Income Bedrooms: 10 Baths: 10 Square Footage: 4,979 Lot Size (sq. ft.): 16,117 Status: Closed
Current Price: $2,000,000 List Date: 2/18/2007 Last Modified: 8/23/2024

Overview

Description

The nine-room Calla Lily Inn, located in the heart of the much desired historic downtown Tennis Club District, was built in 1950 as La Riviera Apartment Hotel and reopened in February 2004 after extensive renovations. The well-appointed midcentury boutique hotel offers over-sized, poolside rooms with tile floors and luxurious king beds. All rooms are non-smoking and some have private patios. From the exquisite interior design to the lush emerald foliage, the secluded inn has a tropical, sophisticated ambiance. The owner-operated inn offers first-class amenities and a commitment to platinum service. As the sun sets behind the majestic San Jacinto Mountains, guests often linger around the romantically-lit pool area to savor the magnificient views while enjoying a complimentary evening cordial. Step back in time where Hollywood legends came to relax and rejuvinate in this idyllic enclave of old Palm Springs. See attahced pdf document for rates, plot and occupancy.

Listing Details MLS# 41281420

General Property Information

Total Units
10
Total Bedrooms
10
Total Baths
10
Approx SqFt
4979
SqFt Source
Other
Lot Acres
0.37
Year Built
1950
Price Per Unit
0

Property Features

Listing Terms: Cash Levels: One Pool Description: Heated Sewer: In, Connected and Paid

Listing Location and Property Info

APN
513203016
Original List Price
2650000
Street #
350
Street Direction
S
Street Name
Belardo
County
Riverside
State
CA
Zip Code
92262
Area
332 - Palm Springs Central

Status Change Info

Status Change Date
2007-06-11
Pending Date
2007-05-11
Closed Date
2007-06-11
Closed Price
2000000

Parking SpacesInformation

Total Parking Spaces
Yes

Listing, Location and Property Info

Entry Date
2007-02-18
Builders Tract Code
5860

More Information

Income & Expenses

Actual Total Rent $
0
Annual Gross Rent $
0
Garage Income $
0
Gross Annual Income $
653715
Gross Income $
0
Gross Operating Income $
392229
Gross Schedule Income $
653715
Gross Spendable Income $
43923
Laundry Income $
0
Net Operating Income $
176504
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 $
215725
Other Expense $
0
Pest Control $
0
Pool Expense $
0
Repair/Maintenance %
0
Security Expense $
0
Supplies $
0
Total Annual Operating Expenses $
392229
Trash $
0
Water Expense $
0
Workers Compensation $
0
Assessed Improved %
0
Assessed Improvement $
0
Assessed Total Value $
0
Cap Rate %
6.66
Personal Property Percent %
0
Tax Rate %
0
Total Taxes $
0

Listing Terms

Cash
Yes

Parking Spaces/Information

Total Covered Spaces
0

Levels

One
Yes

Pool Description

Heated
Yes

Sewer

In, Connected and Paid
Yes
Listing Office: JMR Commercial Investments
Listing Agent: Jaime M Rook
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.
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