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:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/21/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 11/21/2024 at 9:59 PM UTC

 

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