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312 E Camino Monte Vista

Palm Springs, CA 92262
  • $2,395,000
  • STATUS: Active
  • ON SITE: 20 Days
  • MLS #: 219089474
UPDATED: 26 min ago
$2,395,000
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1948
County:

School Ratings & Info

Description

Fully licensed boutique hotel close to the Uptown District. Property (Hotel) has been closed since 2019, but operational. Currently licensed as a 10 room boutique hotel , with 12 rooms. Two are adjoining connecting suites. This Fee simple property sits next to the successful Descanso Hotel and is priced well with unlimited potential depending on the new owners vision. Center court swimming pool, in ground Spa and Sauna / Steam room. Most units have kitchens or kitchenettes. Could potentially be used as a compound or multi unit apartment building subject to city zoning approval. The room count for the hotel license is 10 due to the 10 parking stalls on site. See the attached pro forma, which includes projections based on other similar properties, in its current condition and following new owner renovations. Site plan / Room layout in Documents, as well. Alarms on property, do not go direct. Shown by appointment only please contact listing agent. Full solar, paid for no solar lease. The city of Palm Springs has a TOT rebate program over the next 10 years that could be a substantial savings estimated at $50,000 per year or more if qualified.

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©2023 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Jelmberg Team | Keller Williams. Based on information from the California Desert Association of Realtors as of 2023-02-07T15:36:08.18. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
www.jelmbergteam.com/homes/136114131
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312 E Camino Monte Vista Palm Springs, CA 92262

  • Price: $2,395,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 26 min ago
  • MLS #: 219089474
0
Beds
0
Baths
0
½ Baths
0.4
Acres
1948
Built
Neighborhood:
332 - Palm Springs Central
County:
Riverside
Area:
332 - Palm Springs Central
Property Description
Fully licensed boutique hotel close to the Uptown District. Property (Hotel) has been closed since 2019, but operational. Currently licensed as a 10 room boutique hotel , with 12 rooms. Two are adjoining connecting suites. This Fee simple property sits next to the successful Descanso Hotel and is priced well with unlimited potential depending on the new owners vision. Center court swimming pool, in ground Spa and Sauna / Steam room. Most units have kitchens or kitchenettes. Could potentially be used as a compound or multi unit apartment building subject to city zoning approval. The room count for the hotel license is 10 due to the 10 parking stalls on site. See the attached pro forma, which includes projections based on other similar properties, in its current condition and following new owner renovations. Site plan / Room layout in Documents, as well. Alarms on property, do not go direct. Shown by appointment only please contact listing agent. Full solar, paid for no solar lease. The city of Palm Springs has a TOT rebate program over the next 10 years that could be a substantial savings estimated at $50,000 per year or more if qualified.
Exterior Features

Entry Floor Number 1 Lot Features Corner LotLandscapedLevel With StreetLot 10000-19999 SqftPaved StreetSprinkler SystemSprinklers Timer Total Parking Spaces 10.00 Total Uncovered Assigned Spaces 10.00

Interior Features

Heating Type SolarWall Furnace

Property Features

Asset Class Hotel/Motel Building Features Living Quarters Building Name Descanso Springs Building Status Existing Financing Details CashConventional Land Use Multi-FamilyOther Laundry InsideRoom Listing Terms CashConventional Ownership Type Llc Property Sub Type Hotel-Motel Sale Type Standard Security Safety Carbon Monoxide Detector(S)Exterior Security LightsGated CommunitySmoke Detector Utilities 220V in Kitchen220V in LaundryElectricity ConnectedNatural Gas AvailableUnderground UtilitiesWater Meter On Property Water Water District

Listing information © 2023 California Desert Association of Realtors.
Listing provided courtesy of Scott Timberlake of Realty Trust: (760) 327-8000.
©2023 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Jelmberg Team | Keller Williams. Based on information from the California Desert Association of Realtors as of 2023-02-07T15:36:08.18. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
 
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