Palm Springs, CA 92262,312 E Camino Monte VIS
$2,130,000
$2,395,000
11.1%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

12 BD
12 BA
5,550 SqFt

312 E Camino Monte VIS Palm Springs, CA 92262

Est. payment /mo
SOLD DATE : 05/15/2023

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

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


Listed by Realty Trust

GET MORE INFORMATION

Herman Singh

Broker

+1(310) 625-6175

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.