280 E Mel Ave, Palm Springs, 92262

REDUCED 8% Residential Income - Apartment Building For Sale in MOVIE COLONY

$2,195,000

12Beds
12Baths
5,000Sqft
1955Built
29DOM
MLS® #: 19480072PS
Active, 29 Days on Market

A very charming Spanish hotel in the heart of central Palm Springs. This fully remodeled building is currently set up with an extra large owner unit and 11 additional one bedroom units. Pool has dramatic mountain views. There is a 20 person private spa. This is an amazing opportunity to run a senior care facility, drug & alcohol treatment facility, bed and breakfast or apartment. Property is currently vacant as it was previously leased and tenant vacated. The property was operating as a drug and alcohol recovery center with permits. Call today for an appointment to see this incredible opportunity.

Essential Information

MLS® #: 19480072PS
Price: $2,195,000
Bedrooms: 12
Bathrooms: 12.00
Square Footage: 5,000
Acres: 0.00
Year Built: 1955
Type: Residential Income
Sub-Type: Apartment Building
Style: Spanish
Status: Active

Community Information

Address: 280 E Mel Ave
Area: Palm Springs Central (332)
Subdivision: MOVIE COLONY
City: Palm Springs
County: Riverside
State: CA
Zip Code: 92262

Amenities

Parking Spaces: 12
View: Canyon View, Mountain View, Desert View, Pool View

Interior

Heating: Forced Air
Cooling: Air Conditioning, Ceiling Fan(s), Central A/C
# of Stories: 1
Stories: One Level

Exterior

Exterior: Stucco
Construction: Frame and Stucco

Additional Information

Date Listed: June 21st, 2019
Days on Market: 29
HOA Fees: 0.00

Listing Details

Listing Agent: David Emerson(01376513)
Listing Office: Windermere Homes and Estates
Contact Ron Parks: Phone: 760-883-8613

Financials

$/SqFt: $439
Based on information from CARETS as of July 20th, 2019 at 11:26pm 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.