, Palm Springs, CA 92264 (MLS# 16153810)

Palm Springs, CA 92264

$1,900,000
Property Type: Residential Income Bedrooms: 17 Baths: 17 Square Footage: 11,000 Lot Size (sq. ft.): 29,220 Status: Closed
Current Price: $1,900,000 List Date: 8/17/2016 Last Modified: 8/22/2024

Overview

Description

Twin Palms Resort is located in one of the most desirable areas of South Palm Springs. Twin Palms Resort is a 15 unit Hotel. 12 spacious 1 bedroom suites, 2 Spacious 2 bedroom 2 bath suites.--one with a fireplace and extra sitting room, and 1 Large studio. The GROOVY architecture of the building offers a true Palm Springs feel with ENORMOUS potential with the right vision.The pool and spa have recently been replastered. They are Large and can accomodate Big Parties. This hotel has had several upgrades. The most notable being a state of the art high output solar system to reduce the cost for electricity to almost zero and help heat the pool. The HVAC systems,roofs,pool and spa have also been renewed.

Listing Details MLS# 16153810

General Property Information

Total Units
15
Total Bedrooms
17
Total Baths
17
Approx SqFt
11000
SqFt Source
Other
Pool
No
Lot Acres
0.67
Lot Size Source
Assessor
Year Built
1959

Property Features

Sale Type: Standard Appliances: Dryer; Refrigerator; Washer Cooling Type: Air Conditioning Heating: Central Parking: Driveway Land Lease Type: Fee Simple

Listing Location and Property Info

Original List Price
1900000
County
Riverside
State
CA
Zip Code
92264
Area
334 - Palm Springs South End
Neighborhood
Twin Palms

Listing Info

Number of Buildings
2

Property Info

View
No

Status Change Info

Status Change Date
2017-04-07
Pending Date
2016-10-30
Closed Date
2017-04-07
Closed Price
1900000

More Information

Parking SpacesInformation

Total Parking Spaces
17

Listing, Location and Property Info

Entry Date
2016-08-17
Land Type
Fee
Builders Tract Code
7020

Income & Expenses

Gross Income $
1
Gross Operating Income $
1
Net Operating Income $
1
Total Annual Operating Expenses $
1
Assessed Improvement $
800000
Vacancy Allowance % or $
30

Sale Type

Standard
Yes

Appliances

Dryer
Yes
Refrigerator
Yes
Washer
Yes

Cooling Type

Air Conditioning
Yes

Heating

Central
Yes

Parking

Driveway
Yes

Land Lease Type

Fee Simple
Yes
Listing Office: HomeSmart
Listing Agent: Richard Martin
Last Updated: August - 22 - 2024
Information deemed reliable but not guaranteed.
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