588 SAN LORENZO Road, Palm Springs, CA 92264 (MLS# 19484800)

588 SAN LORENZO Road, Palm Springs, CA 92264

$4,950,000
Property Type: Commercial Sale Lot Size (sq. ft.): 31,799 Status: Closed
Current Price: $4,950,000 List Date: 7/03/2019 Last Modified: 1/02/2025

Overview

Description

RSL Hotel offered in its entirety or each of the 12 Turn-Key furnished units can be sold individually. Diverse income / management opportunities: Boutique Luxury Hotel (active Hotel License), Vacation rentals, Corporate or family compound, extended stay or sober living facility. Separate 2012 electric & gas meters ,13 APN Numbers (1 for office). Rebuilt from ground up in 2012 and taken to next level in 2018 with a new resort style Pool & Spa area , 12 New Carports plus secured , gated open parking. New courtyard featuring uniquely designed spaces for each ground floor unit. High end Finishes in all units with full kitchens. Eleven 2 bedroom, 2 bath homes plus a 2100 sf 2 level Penthouse (Owners Unit) with 3 bedrooms and 3 bathrooms. Spacious front Lobby / Office. W/D in all units. Social area with outdoor kitchen, BBQ & fire pit. Water features and wrap around koi streams. Property is fully Fire Sprinklered with alarm and sound system. Exceptional surrounding Views

Listing Details MLS# 19484800

General Property Information

SqFt Source
Other
Lot Acres
0.73
Lot Size Source
Assessor
Year Built
2012
Cross Streets
Random Rd

Property Features

Sale Type: Standard Financing: Cash; Conventional Listing Terms: Cash; Conventional Lot Features: Sprinkler System Asset Class: Hotel/Motel; Multi-Family; Specialty Building Features: Phone System; TV System Land Use: Multi-Family; Other Signage: Sign Freestanding; Sign on Building Heating: Central; Combination; Natural Gas Search Tags: Special Use Laundry: In Unit; Inside; Laundry Closet Stacked Security Safety: Automatic Gate; Carbon Monoxide Detector(s); Card/Code Access; Exterior Security Lights; Fire Sprinklers

Listing Location and Property Info

APN
508193001
Original List Price
4950000
Street #
588
Street Name
SAN LORENZO
Street Suffix
Road
County
Riverside
State
CA
Zip Code
92264
Area
334 - Palm Springs South End

Listing Info

Ownership Type
LLC

Property Info

# Units
13

Status Change Info

Status Change Date
2019-07-01
Pending Date
2019-01-17
Closed Date
2019-07-01
Closed Price
4950000

More Information

Business Info

Laundry Equipment
Yes
Lease Type
Other
Sale or Lease
Sale
Year Established
2012

Listing, Location and Property Info

Entry Date
2019-01-01

Sale Type

Standard
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Financing

Cash
Yes
Conventional
Yes

Lot Features

Sprinkler System
Yes

Asset Class

Hotel/Motel
Yes
Multi-Family
Yes
Specialty
Yes

Building Features

Phone System
Yes
TV System
Yes

Land Use

Multi-Family
Yes
Other
Yes

Signage

Sign Freestanding
Yes
Sign on Building
Yes

Heating

Central
Yes
Combination
Yes
Natural Gas
Yes

Search Tags

Special Use
Yes

Laundry

In Unit
Yes
Inside
Yes
Laundry Closet Stacked
Yes

Security Safety

Automatic Gate
Yes
Carbon Monoxide Detector(s)
Yes
Card/Code Access
Yes
Exterior Security Lights
Yes
Fire Sprinklers
Yes
Listing Office: Realty Trust
Listing Agent: Luca Volpe
Last Updated: January - 02 - 2025
Information deemed reliable but not guaranteed.
Search powered by FBS Products
Scroll to Top

Terms and Conditions