975 E Camino Parocela Active Save Request In-Person Tour Request Virtual Tour
Palm Springs,CA 92264
Key Details
Property 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 24421577
Bedrooms 6
HOA Y/N No
Year Built 1957
Lot Size 9,583 Sqft
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 334 - South End Palm Springs
Zoning R2
Rooms
Other Rooms Shed(s)
Interior
Interior Features Ceiling Fan(s),Furnished
Heating Central,Forced Air,Natural Gas
Cooling Evaporative Cooling,Electric,Wall/Window Unit(s)
Flooring Laminate,Tile
Fireplaces Type Gas,Gas Starter,Living Room,Raised Hearth,Wood Burning
Inclusions AT SELLER'S SOLE DISCRETION: ALL: Appliances, Interior Furnishings, Exterior Patio Furniture, Exterior Potted Plants.
Fireplace Yes
Appliance Barbecue,Disposal,Microwave,Oven,Range,Refrigerator,Range Hood,Vented Exhaust Fan,Dryer,Washer
Laundry Common Area,Laundry Room,Outside
Exterior
Exterior Feature Misting System
Garage Private
Pool Fenced,Filtered,Gunite,Heated,In Ground,Private
Community Features Gated
Utilities Available Overhead Utilities
View Y/N Yes
View Hills,Mountain(s)
Roof Type Foam
Accessibility No Stairs
Porch Rear Porch,Concrete,Covered,Enclosed,Front Porch,Lanai,Open,Patio
Total Parking Spaces 5
Private Pool Yes
Building
Lot Description Back Yard,Corners Marked,Rectangular Lot
Faces North
Story 1
Entry Level One
Foundation Slab
Sewer Other,Sewer Tap Paid
Water Public
Architectural Style Mid-Century Modern
Level or Stories One
Additional Building Shed(s)
New Construction No
Schools
School District Palm Springs Unified
Others
Senior Community No
Tax ID 508146002
Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)
Acceptable Financing Cash,Fannie Mae,Freddie Mac,Private Financing Available,Submit
Listing Terms Cash,Fannie Mae,Freddie Mac,Private Financing Available,Submit
Financing Cash,Conventional
Special Listing Condition Standard