$4,000,000
$4,500,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
5,350 SqFt
SOLD DATE : 05/31/2023
Key Details
Sold Price $4,000,000
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Sold
Purchase Type For Sale
Square Footage 5,350 sqft
Price per Sqft $747
MLS Listing ID CRNDP2208907
Sold Date 05/31/23
HOA Y/N No
Year Built 1920
Property Description
Located in the upscale tennis club neighborhood this eight suite unique property is strategically located one block from downtown Palm Springs. Two of the buildings were completed in 1921, with the third and fourth completed over the next 20 years. Legend has it that such notable guests as Lucy and Desi Arnaz, Victor Mature and Vic Morrow frequented the property as the guests of the Sinclair family who purchased the property in 1940's and named it the El Poco Lodge. The property was meticulously renovated approximately 20 years ago and was awarded the "Gold Nugget Award of Merit" for architecture and design at the 2003 Pacific Construction Builders conference. Each of the one bedroom villas includes a complete kitchen, washer and dryer, large walk-in shower, Spanish style furnishings. Six of the Villas have an outside whirlpool tub and fire pit. The current owners who purchased the property in 2011 spare no expense in maintaining the property. That is very apparent as you walk through these stunning suites. With an 83% 12 month trailing annual occupancy, there is a tremendous opportunity for a new owner to increase rates directly affecting the NOI. Private Weddings and events could provide additional income. This property would also work for a private corporate retreat or for a g
Location
State CA
County Riverside
Area Central Palm Springs
Zoning R-3
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 513470001
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Bought with Datashare Cr Don't DeleteDefault Agent
9030 BRENTWOOD BLVD, BRENTWOOD, California, 94513, United States