585-615 S Warm Sands Drive, Palm Springs, CA 92264 (MLS# 219089772)

585-615 S Warm Sands Drive, Palm Springs, CA 92264

$3,100,000
Property Type: Commercial Sale Square Footage: 5,606 Status: Closed
Current Price: $3,100,000 List Date: 3/01/2023 Last Modified: 1/02/2025

Overview

Description

Great opportunity to acquire a profitable charming desert oasis with manicured grounds, 0.44AC of Fee simple land located in the heart of Warm Sands. This hotel features 12 rooms, picturesque panoramic views, 5,606sf building with 200 sf frontage, featuring great visibility. Consistently high CAP Rate and Occupancy. The size of the land with access on three sides, the gorgeous mountain views, the expansive pool & spa, sauna, steam-room and massage-cabana are just some of the amenities that showcase this property's potential. Desert Paradise Resort is one of the longest running gay resorts serving the community in Palm Springs. Welcoming all and seeking to provide the perfect destination for the like minded traveler. Guests immerse themselves in spectacular views and tropical grounds, and discover what it means to be truly welcome. This is a great investment opportunity to continue a successful legacy or take this well established resort to a new ''vibe''. The property is walking distan ...

Listing Details MLS# 219089772

General Property Information

Approx SqFt
5606
SqFt Source
Other
Lot Size Source
Assessor
Year Built
1950
Cross Streets
Ramon Road

Property Features

Business Type: Hospitality Sale Type: Standard Financing: Cash; Conventional Listing Terms: Cash; Conventional Showing Access: Do Not Contact Occupant; List Agent Accompanies; Other Owner Pays: A/C; Electric; Gas/Heat; Insurance; Janitor; Phone; Sewer; Taxes; Water Lot Features: Back Yard; Corner Lot; Landscaped; Lawn; Level with Street; Lot Level/Flat; Lot Shape - Rectangular; Secluded; Sprinkler System; Sprinkler Drip System; Sprinklers in Front; Sprinklers in Rear; Sprinklers on Side; Sprinklers Timer Asset Class: Hotel/Motel Road Surface Type: Paved Land Use: Other Survey: Buyer Pays Signage: Sign on Building Exterior Construction: Stucco Heating: Central; Forced Air; Natural Gas Laundry: Room; Other Security Safety: Carbon Monoxide Detector(s); Card/Code Access; Gated Community; Smoke Detector Roofing: Flat Water: Meter on Property; Water District Utilities: Cable TV; Electricity Connected; Natural Gas Available; Phone Connected; Underground Utilities; Water Meter on Property Contingent Upon: Appraisal; Loan Approval Disclosures: Other

Listing Location and Property Info

APN
508214001
Original List Price
3500000
Property Sub-Type
Hotel/Motel
Street #
585-615
Street Direction
S
Street Name
Warm Sands
Street Suffix
Drive
County
Riverside
State
CA
Zip Code
92264
Area
334 - Palm Springs South End
Country
US

Listing Info

Exclusions of Sale
Gas dryers are leased. Buyer to assume dryer lease.
Accounting Type
Actual
Ownership Type
LLC

Property Info

Entry Floor Number
Yes
Building # of Stories
Yes
# Units
12
Building Status
Existing

Status Change Info

Status Change Date
2023-06-30
Pending Date
2023-04-18
Closed Date
2023-06-30
Closed Price
3100000

More Information

Business Info

Business URL
https://www.desertparadise.com/
URL Description
Desert Paradise Website
Cooling
Yes
Current Use
Hotel
Investment Property
Yes
Laundry Equipment
Yes
Sale or Lease
Sale
Heating
Yes

Parking SpacesInformation

Total Uncovered/Assigned Spaces
12
Total Parking Spaces
12

Water

Water District Name
Desert Water Agency
Meter on Property
Yes
Water District
Yes

Listing, Location and Property Info

Entry Date
2023-01-23

Owner Pays

A/C
Yes
Electric
Yes
Gas/Heat
Yes
Insurance
Yes
Janitor
Yes
Phone
Yes
Sewer
Yes
Taxes
Yes
Water
Yes

Business Type

Hospitality
Yes

Utilities

Cable TV
Yes
Electricity Connected
Yes
Natural Gas Available
Yes
Phone Connected
Yes
Underground Utilities
Yes
Water Meter on Property
Yes

Sale Type

Standard
Yes

Road Surface Type

Paved
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Financing

Cash
Yes
Conventional
Yes

Showing Access

Do Not Contact Occupant
Yes
List Agent Accompanies
Yes
Other
Yes

Lot Features

Back Yard
Yes
Corner Lot
Yes
Landscaped
Yes
Lawn
Yes
Level with Street
Yes
Lot Level/Flat
Yes
Lot Shape - Rectangular
Yes
Secluded
Yes
Sprinkler System
Yes
Sprinkler Drip System
Yes
Sprinklers in Front
Yes
Sprinklers in Rear
Yes
Sprinklers on Side
Yes
Sprinklers Timer
Yes

Asset Class

Hotel/Motel
Yes

Disclosures

Other
Yes

Land Use

Other
Yes

Survey

Buyer Pays
Yes

Signage

Sign on Building
Yes

Exterior Construction

Stucco
Yes

Heating

Central
Yes
Forced Air
Yes
Natural Gas
Yes

Laundry

Room
Yes
Other
Yes

Security Safety

Carbon Monoxide Detector(s)
Yes
Card/Code Access
Yes
Gated Community
Yes
Smoke Detector
Yes

Roofing

Flat
Yes

Contingent Upon

Appraisal
Yes
Loan Approval
Yes
Listing Office: Realty Trust
Listing Agent: Luca Volpe
Last Updated: January - 02 - 2025
Information deemed reliable but not guaranteed.
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