975 E Camino Parocela Active Save Request In-Person Tour Request Virtual Tour
Palm Springs,CA 92264
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,764 sqft
Price per Sqft $476
Subdivision Warm Sands
MLS Listing ID 24-421577
Style Mid-Century
Bedrooms 6
Year Built 1957
Lot Size 9,583 Sqft
Acres 0.22
Property Description
Located in the prime and sought-after Warm Sands area, in desirable South Palm Springs. This mid-century modern 5-unit garden style property has many possibilities. All 5 units will be delivered vacant and fully furnished upon closing. It can be run as a hotel, apartment building or live in one unit and rent out the rest. The City of Palm Springs has approved the property for conversion to a boutique hotel once specific upgrades are completed. Building permit and architectural plans to be transferred to the buyer upon closing. Currently the property is rented seasonally to snowbirds. There are no under market rents that you have to wait years to improve. Five units total, four 1bd/1ba and one 2bd/2ba. Detached front unit includes living room with fireplace, 1 bedroom + 1 bath, kitchen, dining area, private patio, and mountain views. Four additional units include three 1 bedroom + 1 bath units and one 2 bedroom + 2 bath unit. All four remaining units have living rooms, vintage Mid-Century Modern kitchens, breakfast bars, and dining areas. All overlook garden areas and most have private patios. Gated pool, spa, and patio area. Minutes to the many fine shops and restaurants in the downtown village area of Palm Springs. Included in the purchase price are all appliances, exterior patio furniture, interior furnishings, and household items. The perfect desert retreat! Buyer to co-operate with "possible" Seller's 1031 Tax Deferred Exchange at no cost to Buyer. Broker, Broker's Agents, & Sellers do not represent and/or guarantee the accuracy of the square footage, permitted or unpermitted space, bedroom/bath count, lot size/dimensions, schools, or any other information concerning the conditions or features of the property & surrounding area, including property income. Buyer is advised to independently verify the accuracy of all information through personal inspection and/or investigation with appropriate professionals to satisfy themselves regarding all material issues of the subject property etc.
Location
State CA
County Riverside
Area Palm Springs South End
Zoning R2
Rooms
Other Rooms Shed(s)
Dining Room 0
Kitchen Formica Counters, Remodeled, Pantry, Galley Kitchen
Interior
Interior Features Common Walls, Furnished, Turnkey
Heating Central, Forced Air, Natural Gas
Cooling Air Conditioning, Swamp Cooler(s), Ceiling Fan, Electric, Wall Unit(s), Wall/Window
Flooring Tile, Laminate, Cement, Ceramic Tile
Fireplaces Type Gas, Gas and Wood, Gas Starter, Wood Burning, Living Room, Raised Hearth
Inclusions AT SELLER'S SOLE DISCRETION: ALL: Appliances, Interior Furnishings, Exterior Patio Furniture, Exterior Potted Plants.
Equipment Barbeque, Cable, Dryer, Garbage Disposal, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Hood Fan, Microwave, Range/Oven, Refrigerator, Washer, Vented Exhaust Fan, Ceiling Fan
Laundry Community, Laundry Area, Room, Outside
Exterior
Garage Private
Garage Spaces 5.0
Pool Fenced, Filtered, Gunite, In Ground, Heated, Private
Waterfront Description None
View Y/N Yes
View Mountains, Hills
Roof Type Foam
Handicap Access No Interior Steps
Building
Lot Description Curbs, Exterior Security Lights, Fenced, Fenced Yard, Lot Shape-Rectangular, Lot-Level/Flat, Misting System, Single Lot, Sidewalks, Street Asphalt, Street Paved, Utilities - Overhead, Street Lighting, Corners Established, Back Yard
Story 1
Foundation Slab
Sewer In Street, In Street Paid, In Connected and Paid, Paid, On Site
Water District, In Street, Meter on Property, Public, Water District, Paid
Architectural Style Mid-Century
Level or Stories One
Structure Type Stucco
Schools
School District Palm Springs Unified
Others
Special Listing Condition Standard