350 E Palm Canyon Dr, Palm Springs, 92264

REDUCED 5% Residential Income - Apartment Building For Sale in TAHQUITZ RIVER ESTAT

$4,500,000

30Beds
30Baths
Sqft
1960Built
112DOM
MLS® #: 19427444PS
Active, 112 Days on Market

Premium South Palm Canyon location surrounded by boutique hotels and restaurants, El Moro Villas includes two parcels totaling just under an estimated 1.5 acres of land lot size. Options are limitless for a new buyer. The property historically used at one time as a hotel / short-term offering, and for the past 15+ years has been utilized as long-term fully furnished studio apartments. The property currently includes 30 total units, plus an onsite office and an additional large storage or small retail / restaurant space having the required plumbing. Current tenants experience high quality residential living with resort like amenities such as an oversized pool and spa, lush landscaping and all-inclusive utilities including cable and internet. New buyer may capitalize on the surging boutique hotel demand or continue operating as studio apartments.

Essential Information

MLS® #: 19427444PS
Price: $4,500,000
Bedrooms: 30
Bathrooms: 30.00
Acres: 0.00
Year Built: 1960
Type: Residential Income
Sub-Type: Apartment Building
Status: Active

Community Information

Address: 350 E Palm Canyon Dr
Area: Palm Springs South End (334)
Subdivision: TAHQUITZ RIVER ESTAT
City: Palm Springs
County: Riverside
State: CA
Zip Code: 92264

Amenities

Parking Spaces: 30
Parking: Parking Space
Has Pool: Yes
Pool: Indoor Pool

Interior

Appliances: Refrigerator
Heating: Wall Electric
Cooling: Ceiling Fan(s), Air Conditioning
# of Stories: 1

Additional Information

Date Listed: January 28th, 2019
Days on Market: 112
Zoning: R3
HOA Fees: 0.00

Listing Details

Listing Agent: Md Mclean(01843447)
Listing Office: McLean Company Rentals
Contact Ron Parks: Phone: 760-883-8613
Based on information from CARETS as of May 21st, 2019 at 2:10am PDT. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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.