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    354 E Stevens Rd

    Palm Springs, CA 92262
    • $1,988,000
    • STATUS: Active Under Contract
    • ON SITE: 27 days
    • MLS #: 21-754914
    Under Contract
    UPDATED: 61 min ago
    $1,988,000
    • 12
      BEDS
    • 0.42
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,432
      SQFT
    • $366
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    A tremendous, lucrative opportunity to own your own resort in the vibrant and growing Palm Springs market. This established boutique resort has proven over the years to generate substantial income and still has room for growth. The sizable and private 12 rooms each offer kitchens and/or kitchenettes with an exception of a few. The majority of the rooms have secluded patios for guests' pleasure and private comfort. Excellent location in near proximity to the new 1501 Uptown Gastropub, Sandfish, and other hip locations such as Arrive Resort. A well-managed and maintained boutique hotel with an established repeat clientele offering a tremendous opportunity to expand on and continue growth. This real estate gem is now offered turn-key to qualified investors and business owners.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-02T23:42:39.983. 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.
    www.markwiseproperties.com/homes/119018089
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    354 E Stevens Rd Palm Springs, CA 92262

    • Price: $1,988,000
    • Status: Active Under Contract
    • Updated: 61 min ago
    • MLS #: 21-754914
    12
    Beds
    0
    Baths
    0
    ½ Baths
    0.42
    Acres
    5,432
    SQFT
    $366
    $/SQFT
    1955
    Built
    Neighborhood:
    Palm Springs Central
    County:
    Riverside
    Area:
    Palm Springs Central
    Property Description
    A tremendous, lucrative opportunity to own your own resort in the vibrant and growing Palm Springs market. This established boutique resort has proven over the years to generate substantial income and still has room for growth. The sizable and private 12 rooms each offer kitchens and/or kitchenettes with an exception of a few. The majority of the rooms have secluded patios for guests' pleasure and private comfort. Excellent location in near proximity to the new 1501 Uptown Gastropub, Sandfish, and other hip locations such as Arrive Resort. A well-managed and maintained boutique hotel with an established repeat clientele offering a tremendous opportunity to expand on and continue growth. This real estate gem is now offered turn-key to qualified investors and business owners.
    Exterior Features

    Cross Streets Indian Canyon Direction Faces West Entry Location Ground Level - No Steps Levels One Lot Location City Lot Size Area 18295 Other Structures None Parking Garage Assigned Patio Features Patio Open Pool Description In GroundPrivate Pool YN Yes Roof FlatFoam Spa PrivateIn Ground Spa YN Yes Sprinklers None Style Architectural Tennis Court None Total Parking 12 View Description Mountains View YN Yes

    Interior Features

    Baths Total 12.00 Cooking Appliances None Cooling Air Conditioning Equipment Alarm System Foundation Details None Heating Electric Interior Features None Laundry Laundry Area

    Property Features

    ADACompliance Yes Alley YN No Amenities None Assessed Total Value 1091069 Disability Access Disabilityaccess Gross Income 286211 Gross Operating Income 286211 Land Lease Type Fee Like Units1 12 Net Operating Income 0.00 Number Of Buildings 1 Number Of Units 12 Property Condition Updated/Remodeled Rent Control YN No Sale Type Standard Security Features Resident ManagerGated Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 0 Type Of Units Attached Water Heaters YN Yes Year Built Source Assessor

    Listing provided courtesy of P. Tomov DRE#01915444 of Coldwell Banker Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-02T23:42:39.983. 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.
     
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    Mark Wise | Bennion Deville Homes
    71691 Highway 111
    Rancho Mirage CA, 92270