Active
975 E Camino Parocela
Palm Springs CA, 92264
$1,795,000
$476.89 per sqft
Active
3,764 sqft
Other
Built in 1957
Listed by Rick Chimienti with Berkshire Hathaway HomeServices California Properties 310-777-2810
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 pati
CL24421577
MLSⓇ ID
September 30, 2024
Listed
November 21, 2024
Updated
Map
975 E Camino Parocela
Palm Springs CA, 92264
Interior Features
Appliances
Dryer
Laundry Description
Community Facility, Dryer, Laundry Room, Washer, Other
Floor Description
Laminate, Tile
Fireplace
No
Cooling
Yes
Cooling Description
Other, Evaporative Cooling, Wall/Window Unit(s)
Heating
Yes
Heating Description
Forced Air, Natural Gas, Other
Exterior/Building Features
Lot Size
0.22 Acres
Lot Features
Other, Back Yard
Other Property Details
Area Name
Palm Springs
Garage
No
Parking
Private
View
Yes
View Description
Hills, Mountain(s)
County
Riverside
Water Source
Public, Other
Pool
No
Zoning
R2
Listing History
Date | Event | Price |
---|---|---|
10/26/2024 | Price change | $1,795,000 -6% |
Listing Contact:
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Data last updated on 11/21/2024 at 9:59 PM UTC