350 E PALM CANYON DR PALM SPRINGS CA 92264 | MLS 19-427444PS

350 E PALM CANYON DR
PALM SPRINGS, CA, 92264
$4,750,000
30 Beds
30 Baths
0 SqFt
1.4 Acres
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.

Property Details

Price:
$4,750,000
MLS #:
19-427444PS
Status:
Active
Beds:
30
Baths:
30.00
Address:
350 E PALM CANYON DR
Type:
Residential Income
City:
PALM SPRINGS
Listed Date:
Jan 28, 2019 (23 days)
State:
CA
Square Ft (approx):
0
ZIP:
92264
Lot Size:
61,000 sqft / 1.40 acres (approx)
Year Built:
1960

Schools

Interior

Cooling
Air Conditioning
Heating
Wall Electric

Exterior

ParkingGarage
Parking Space
PoolDescription
Indoor
Spa
In Ground

Financial

AssessedImprovementValue
$210,176
AssessedLandValue
$888,767
LandLeaseType
Fee

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Courtesy of MD McLean at McLean Company Rentals. The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.
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CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share). This site was last updated 2019-02-20.
350 E PALM CANYON DR
PALM SPRINGS, CA