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777 E SAN LORENZO Road, Palm Springs, CA 92264

$1,334,405

Property Type: Residential Income Lot Size (sq. ft.): 11,138 Status: Closed

Current Price: $1,334,405 List Date: 9/25/2015 Last Modified: 1/02/2025

Overview

Description

Hotel (formerly the San Lorenzo Inn)/ Apartments units with full kitchens and covered off street parking. great location and views. Exceptional attached Residence (Owners Unit) with 7 others for rental Income. Large landscaped lot with pool and spa. Contact listing agent for current and projected income and expenses. Resort ambiance, operate all units as vacation rentals to maximize income, exceptional upside. No Land lease, storage and laundry on site. Separate office for on site management or check ins. Fully leased, three (3) furnished units rented as vacation rentals and always in demand. Well maintained property with upside. Currently 8 units with kitchens, possible to add restrooms and increase room count (some without kitchens) subject to city approval. Rent roll and Income & Expense Statement attached to listing.

Listing Details MLS# 15943989

General Property Information

Total Units: 8
Pool: Yes
Lot Acres: 0.26
Lot Size Source: Assessor
Year Built: 1970

Property Features

Owner Pays: Electricity; Gardener; Gas; Pool Service; Water Tenant Pays: Cable TV Sale Type: Standard Listing Terms: Cash Possession: Close Of Escrow View Type: Mountain(s) Property Orientation Faces: Front Door Faces North Property Condition: Updated/Remodeled Levels: One Appliances: Dishwasher; Gas Oven; Refrigerator; Water Line to Refrigerator Kitchen Features: Granite Counters; Island; Pantry; Tile Counters Bedroom Features: All Bedrooms Down; Main Floor Bedroom; Walk In Closet Bathroom Features: Double Vanity(s); Remodeled; Shower Over Tub; Shower Stall Foundation: Slab Flooring: Carpet; Ceramic Tile; Laminate; Stained Concrete; Tile Cooling Type: Air Conditioning; Ceiling Fan(s); Central Air Pool Location: Community Pool Construction: In Ground Pool Description: Community; Gas Heated; Heated; In Ground Spa Hot Tub Construction: In Ground Spa Hot Tub Description: Community; Heated; Heated - Gas Heating: Central; Forced Air Fireplace Location: Living Room Interior Features: Cathedral Ceiling(s); Track Lighting; Wet Bar Laundry: Community; Individual Room; Outside Security Safety: Gated Community Window Treatments: Double Pane Windows; Screens Patio Features: Concrete Slab; Covered Sewer: In, Connected and Paid Parking: Assigned Land Lease Type: Fee Simple

Listing Location and Property Info

APN: 508192028
Original List Price: 1395000
Street #: 777
Street Direction: E
Street Name: SAN LORENZO
Street Suffix: Road
County: Riverside
State: CA
Zip Code: 92264
Area: 334 - Palm Springs South End
Neighborhood: Tahquitz River Estates

Listing Info

Number of Buildings: 2
Laundry: Yes
Laundry Equipment: Own
Elevator: No

Property Info

Gated Community: No
View: Yes

Status Change Info

Status Change Date: 2015-11-25
Pending Date: 2015-09-30
Closed Date: 2015-11-25
Closed Price: 1334405

More Information

Parking SpacesInformation

Total Carport Spaces: 8
Total Parking Spaces: 8

Listing, Location and Property Info

Entry Date: 2015-09-22
Land Type: Fee
Builders Tract Code: 7000

Income & Expenses

Actual Total Rent $: 136838
Annual Gross Rent $: 136838
Gross Annual Income $: 136838
Gross Income $: 136838
Gross Operating Income $: 136838
Net Operating Income $: 85484.73
Total Annual Operating Expenses $: 136838
Vacancy Allowance % or $: 0

Owner Pays

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

Tenant Pays

Cable TV: Yes

Sale Type

Standard: Yes

Listing Terms

Cash: Yes

Possession

Close Of Escrow: Yes

Parking Spaces/Information

Total Covered Spaces: 8

View Type

Mountain(s): Yes

Property Orientation Faces

Front Door Faces North: Yes

Property Condition

Updated/Remodeled: Yes

Levels

One: Yes

Appliances

Dishwasher: Yes
Gas Oven: Yes
Refrigerator: Yes
Water Line to Refrigerator: Yes

Kitchen Features

Granite Counters: Yes
Island: Yes
Pantry: Yes
Tile Counters: Yes

Bedroom Features

All Bedrooms Down: Yes
Main Floor Bedroom: Yes
Walk In Closet: Yes

Bathroom Features

Double Vanity(s): Yes
Remodeled: Yes
Shower Over Tub: Yes
Shower Stall: Yes

Foundation

Slab: Yes

Flooring

Carpet: Yes
Ceramic Tile: Yes
Laminate: Yes
Stained Concrete: Yes
Tile: Yes

Cooling Type

Air Conditioning: Yes
Ceiling Fan(s): Yes
Central Air: Yes

Pool Location

Community: Yes

Pool Construction

In Ground: Yes

Pool Description

Community: Yes
Gas Heated: Yes
Heated: Yes
In Ground: Yes

Spa Hot Tub Construction

In Ground: Yes

Spa Hot Tub Description

Community: Yes
Heated: Yes
Heated - Gas: Yes

Heating

Central: Yes
Forced Air: Yes

Fireplace Location

Living Room: Yes

Interior Features

Cathedral Ceiling(s): Yes
Track Lighting: Yes
Wet Bar: Yes

Laundry

Community: Yes
Individual Room: Yes
Outside: Yes

Security Safety

Gated Community: Yes

Window Treatments

Double Pane Windows: Yes
Screens: Yes

Patio Features

Concrete Slab: Yes
Covered: Yes

Sewer

In, Connected and Paid: Yes

Parking

Assigned: Yes

Land Lease Type

Fee Simple: Yes

Listing Office: Realty Trust

Listing Agent: Scott Timberlake

Last Updated: January - 02 - 2025

Information deemed reliable but not guaranteed.

760.799.7770