For more information regarding the value of a property, please contact us for a free consultation.
312 E Camino Monte VIS Palm Springs, CA 92262
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $2,130,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 5,550 sqft
Price per Sqft $383
Subdivision Central Palm Springs
MLS Listing ID 219091670
Sold Date 05/15/23
Style Contemporary,Mid Century
Bedrooms 12
Full Baths 12
HOA Y/N No
Year Built 1948
Lot Size 0.400 Acres
Property Description
Apartment Complex or Fully licensed boutique hotel close to the Uptown District. This Property (previous Hotel) has been closed since 2019, but fully operational. Currently licensed as a 10 room boutique hotel , with 12 rooms. Two are adjoining connecting suites. This Fee simple property sits next to the successful Descanso Hotel and is priced well with unlimited potential depending on the new owners vision. Center court swimming pool, in ground Spa and Sauna / Steam room. Most units have kitchens or kitchenettes. Could potentially be used as a compound or multi unit apartment building subject to city zoning approval. The room count for the hotel license is 10 due to the 10 parking stalls on site. Same would apply to apartment use yet all 12 units have a private bath and kitchen / kitchenette. See the attached pro forma, which includes projections based on other similar properties, in its current condition and following new owner renovations. Additional attachment for projections if operated as an Apartment building. Site plan / Room layout in Documents, as well. Alarms on property, do not go direct. Shown by appointment only please contact listing agent. Full solar, paid for no solar lease. The city of Palm Springs has a TOT Hotel rebate program over the next 10 years that could be a substantial savings estimated at $50,000 per year or more if qualified.
Location
State CA
County Riverside
Area 332 - Palm Springs Central
Interior
Heating Wall Furnace, Natural Gas, Solar
Cooling Air Conditioning, Ceiling Fan(s), Wall/Window Unit(s)
Fireplaces Number 1
Fireplaces Type Gas, Living Room
Fireplace true
Exterior
Exterior Feature Solar System Owned, Balcony
Pool In Ground, Private, Tile
View Y/N true
View Mountain(s), Pool
Private Pool Yes
Building
Lot Description Landscaped, Level, Corner Lot
Story 2
Entry Level Two
Sewer In, Connected and Paid
Architectural Style Contemporary, Mid Century
Level or Stories Two
Schools
School District Palm Springs Unified
Others
Senior Community No
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Read Less