588 E San Lorenzo Road, Palm Springs, CA 92264
-
Listed Price :
$4,195,000
-
Beds :
25
-
Baths :
25
-
Property Size :
12,164 sqft
-
Year Built :
2012
Property Description
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%.
Interior Features
| Bedroom Information |
| Bedrooms |
25 |
| Bathroom Information |
| Bathrooms |
25 |
| Interior Information |
| Cooling Type |
Central Air |
Listing Information
| Address |
588 E San Lorenzo Road |
| City |
Palm Springs |
| State |
CA |
| Zip |
92264 |
| County |
Riverside |
| Listing Agent |
Eric Lavey DRE #01511292 |
| Co-Listing Agent |
John & Ryan Group DRE #01415106 |
| Courtesy Of |
Sotheby's International Realty |
| List Price |
$4,195,000 |
| Status |
Active Under Contract |
| Type |
Residential Income |
| Structure Size |
12,164 |
| Lot Size |
31,799 |
| Year Built |
2012 |
Listing information courtesy of: Eric Lavey, John & Ryan Group, Sotheby's International Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:29 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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 or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
