975 E Camino Parocela
Palm Springs, CA, 92264
$1,795,000
Beds
0 Baths
SqFt
0.22 Acres
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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.

Property Details

Price:
$1,795,000
MLS #:
24421577
Status:
Active
Baths:
0
Address:
975 E Camino Parocela
Type:
Residential Income
Subdivision:
Warm Sands
Neighborhood:
334southendpalmsprings
City:
Palm Springs
Listed Date:
Sep 30, 2024
State:
CA
ZIP:
92264
Lot Size:
9,583 sqft / 0.22 acres (approx)
Year Built:
1957
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Interior

Accessibility Features
No Interior Steps
Appliances
Barbecue, Disposal, Microwave, Refrigerator, Vented Exhaust Fan, Oven, Range Hood, Range
Cooling
Evaporative Cooling, Electric, Wall/ Window Unit(s)
Fireplace Features
Gas, Gas Starter, Wood Burning, Living Room, Raised Hearth
Flooring
Tile, Laminate
Heating
Central, Forced Air, Natural Gas
Interior Features
Ceiling Fan(s), Furnished
Window Features
Custom Covering, Drapes, Plantation Shutters, Screens, Blinds, Shutters

Exterior

Foundation Details
Slab
Garage Spaces
0.00
Lot Features
Rectangular Lot, Misting System, Utilities – Overhead, Corners Marked, Back Yard
Parking Features
Private
Parking Spots
5.00
Pool Features
Fenced, Filtered, Gunite, In Ground, Heated, Private
Roof
Foam
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s), Gated Community
Sewer
Other, Sewer Paid
Spa Features
Gunite, Heated, In Ground, Private
Stories Total
1
View
Mountain(s), Hills
Water Source
Public

Financial

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Community

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