1600 Palm Canyon Drive

    Palm Springs, CA 92264
    • $3,500,000
    • STATUS: Active
    • ON SITE: 21 days
    • ID#: 219032267PS
    UPDATED: 55 min ago
    $3,500,000
    • 0
      BEDS
    • 0.46
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1953
    County:

    School Ratings & Info

    Description

    Hotel is located in the South end of Palm Springs in the very desirable Deepwell Neighborhood. This Mediterranean style Boutique Hotel is centered by a spacious 40 ft. pool, 10 person spa, guest BBQ and dining counter, coffee bar, outdoor kitchen and fireplace. Currently operated as 13 guest Rooms, property tax and city records indicate the Hotel can be operated as sixteen (16) rooms. There are 16 bathrooms and 16 off street parking spaces to support this. In addition to the 13 Guest Rooms, there is a 2 Bedroom, 2 Bathroom owners/resident managers unit with a full kitchen and private patio that can be easily modified to become two separate rooms. The reception/office can be converted back to another unit. Hotel is well located within walking distance of Smoketree Commons and Smoketree Shopping Center with multiple retail stores and dining options. Purchase price includes furniture, fixtures and equipment (FF&E) plus the Reservation database. Fully operational and well maintained & licensed Hotel. Rooms have individual forced air a/c units. Laundry & Storage room located on site. Updated central electrical system and natural gas service. Fenced & gated resort.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-13T13:30:34.843. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
    www.hometownnorthcounty.com/homes/100190689

    1600 Palm Canyon Drive Palm Springs, CA 92264

    • Price: $3,500,000
    • Status: Active
    • Updated: 55 min ago
    • ID#: 219032267PS
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.46
    Acres
    1953
    Built
    Neighborhood:
    334 - South End Palm Springs
    County:
    Riverside
    Area:
    334 - South End Palm Springs
    Property Description
    Hotel is located in the South end of Palm Springs in the very desirable Deepwell Neighborhood. This Mediterranean style Boutique Hotel is centered by a spacious 40 ft. pool, 10 person spa, guest BBQ and dining counter, coffee bar, outdoor kitchen and fireplace. Currently operated as 13 guest Rooms, property tax and city records indicate the Hotel can be operated as sixteen (16) rooms. There are 16 bathrooms and 16 off street parking spaces to support this. In addition to the 13 Guest Rooms, there is a 2 Bedroom, 2 Bathroom owners/resident managers unit with a full kitchen and private patio that can be easily modified to become two separate rooms. The reception/office can be converted back to another unit. Hotel is well located within walking distance of Smoketree Commons and Smoketree Shopping Center with multiple retail stores and dining options. Purchase price includes furniture, fixtures and equipment (FF&E) plus the Reservation database. Fully operational and well maintained & licensed Hotel. Rooms have individual forced air a/c units. Laundry & Storage room located on site. Updated central electrical system and natural gas service. Fenced & gated resort.
    Exterior Features

    Lot Features Corner LotLandscapedLevel With StreetLot 20000-39999 SqftSprinkler SystemSprinklers Timer Lot Size Source Assessor Lot Size Units Square Feet Parking Total 16.00 Roof ClayTile

    Interior Features

    Heating Forced Air Heating YN Yes Office Square Footage 0 Office Square Footage Max 0 Office Square Footage Min 0

    Property Features

    Accounting Type Actual Advertising Expense 10746.00 Asset Class Hotel/Motel Building Status Existing Business Type Hospitality Cap Rate 7.70 Effective Gross 523527 Equipment Value 0 Expense Year 2018 Gross Operating Income 0.00 Industrial Square Footage 0 Industrial Square Footage Max 0 Industrial Square Footage Min 0 Insurance Expense 7878.00 Inventory Value 0 Investment Property YN Yes Land Use Other Legal Accounting Expense 913.00 Maintenance Expense 18020.00 Net Operating Income 268985.00 Operating Expense 254542.00 Professional Management Expense 7678.00 Property Sub Type Commercial/Residential Retail Square Footage 0 Security Features Gated CommunitySmoke Detector(S) Special Listing Conditions Standard Sprinklers YN Yes Supplies Expense 2492.00 Total Expenses 254542.00 Total Monthly Rent 0 Trash Expense 660.00 Utilities Electricity AvailableElectricity ConnectedNatural Gas AvailableSee RemarksUnderground Utilities Water Sewer Expense 2336.00

    Listing provided courtesy of Scott Timberlake of Realty Trust


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-13T13:30:34.843. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
     
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