975 E Camino Parocela, Palm Springs, CA 92264

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$1,795,000

Est. payment - /mo

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6 BD

6 BA

3,764 SqFt

Price Dropped by $100K

975 E Camino Parocela Palm Springs, CA 92264

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Thomas Fessler

thomas.w.fessler@gmail.com +1(619) 318-1618

UPDATED:

11/14/2024 05:30 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,764 sqft

Price per Sqft $476

Subdivision Warm Sands

MLS Listing ID 24421577

Bedrooms 6

HOA Y/N No

Year Built 1957

Lot Size 9,583 Sqft

Property Description

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 patio furniture, interior furnishings, and household items. The perfect desert retreat! Buyer to co-operate with "possible" Seller's 1031 Tax Deferred Exchange at no cost to Buyer. Broker, Broker's Agents, & Sellers do not represent and/or guarantee the accuracy of the square footage, permitted or unpermitted space, bedroom/bath count, lot size/dimensions, schools, or any other information concerning the conditions or features of the property & surrounding area, including property income. Buyer is advised to independently verify the accuracy of all information through personal inspection and/or investigation with appropriate professionals to satisfy themselves regarding all material issues of the subject property etc.

Location

State CA

County Riverside

Area 334 - South End Palm Springs

Zoning R2

Rooms

Other Rooms Shed(s)

Interior

Interior Features Ceiling Fan(s), Furnished

Heating Central, Forced Air, Natural Gas

Cooling Evaporative Cooling, Electric, Wall/Window Unit(s)

Flooring Laminate, Tile

Fireplaces Type Gas, Gas Starter, Living Room, Raised Hearth, Wood Burning

Inclusions AT SELLER'S SOLE DISCRETION: ALL: Appliances, Interior Furnishings, Exterior Patio Furniture, Exterior Potted Plants.

Fireplace Yes

Appliance Barbecue, Disposal, Microwave, Oven, Range, Refrigerator, Range Hood, Vented Exhaust Fan, Dryer, Washer

Laundry Common Area, Laundry Room, Outside

Exterior

Exterior Feature Misting System

Garage Private

Pool Fenced, Filtered, Gunite, Heated, In Ground, Private

Community Features Gated

Utilities Available Overhead Utilities

View Y/N Yes

View Hills, Mountain(s)

Roof Type Foam

Accessibility No Stairs

Porch Rear Porch, Concrete, Covered, Enclosed, Front Porch, Lanai, Open, Patio

Total Parking Spaces 5

Private Pool Yes

Building

Lot Description Back Yard, Corners Marked, Rectangular Lot

Faces North

Story 1

Entry Level One

Foundation Slab

Sewer Other, Sewer Tap Paid

Water Public

Architectural Style Mid-Century Modern

Level or Stories One

Additional Building Shed(s)

New Construction No

Schools

School District Palm Springs Unified

Others

Senior Community No

Tax ID 508146002

Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)

Acceptable Financing Cash, Fannie Mae, Freddie Mac, Private Financing Available, Submit

Listing Terms Cash, Fannie Mae, Freddie Mac, Private Financing Available, Submit

Financing Cash,Conventional

Special Listing Condition Standard

Listed by Rick Chimienti • Berkshire Hathaway HomeServices California Properties

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Thomas Fessler

Agent | License ID: 02033426

+1(619) 318-1618

Thomas Fessler

975 E Camino Parocela Palm Springs, CA 92264

Thomas Fessler

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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975 E Camino Parocela