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House with pool Palm Springs (United States)by sotheby's international realty - beverly hills brokerage

House with poolPalm Springs (United States)
Price :
$4,195,000
bedrooms25 land2,954

PALM SPRINGS HOTEL: Extremely rare Palm Springs hotel opportunity with a total of 25 bedrooms - 12 units each with their own Kitchen and Laundry. Manager's Office/Lobby, community bathroom and 3 cabana locations. Eleven units are 2 bedroom and 2 bath and one is a 3/3 Penthouse. Situated in the highly desirable neighborhood connecting Central and South Palm Springs next to the recently completed Cody Place, where units sell over $1M. Just a block east of South Palm Canyon Drive, the location offers easy access to shopping, dining, entertainment, and medical facilities near historic Downtown Palm Springs. Featuring gated controlled access, ample parking, a luxurious pool and spa, koi pond, private patio/BBQ area, and an open courtyard, the property provides a perfect blend of comfort and entertainment. Modern amenities such as keyless entry, plank and carpet flooring, stainless steel appliances, and central air conditioning enhance the living experience. Besides as a hotel, there is also an ability to condo map the building and sell off as condos at a later date for a significant return. Whether you're a first-time purchaser, seasoned investor, or considering a 1031 exchange, 588 E San Lorenzo Road stands as a prime income-producing investment in the thriving Palm Springs real estate market. Current loan is assumable at rate of 4.75%.

Advertiser reference : LH6YKFLe Figaro Properties reference : 65641398

Its assets

  • Pool
  • Air conditioning

In detail

Contract pending

House with pool Palm Springs (United States)

Ask for more information to:

Eric Lavey

sotheby's international realty - beverly hills brokerage
9665 Wilshire Blvd Ste 40090212 Beverly Hills (United States) All the listings of this agency

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