25 Beds 25 Baths 12,164 Sq.Ft.
PALM SPRINGS HOTEL: Extremely rare Palm Springs hotel opportunity with a total of 25 bedrooms - 12 units each with their own Kitchen and Laundry. Manager's Office/Lobby, community bathroom and 3 cabana locations. Eleven units are 2 bedroom and 2 bath and one is a 3/3 Penthouse. Situated in the highly desirable neighborhood connecting Central and South Palm Springs next to the recently completed Cody Place, where units sell over $1M. Just a block east of South Palm Canyon Drive, the location offers easy access to shopping, dining, entertainment, and medical facilities near historic Downtown Palm Springs. Featuring gated controlled access, ample parking, a luxurious pool and spa, koi pond, private patio/BBQ area, and an open courtyard, the property provides a perfect blend of comfort and entertainment. Modern amenities such as keyless entry, plank and carpet flooring, stainless steel appliances, and central air conditioning enhance the living experience. Besides as a hotel, there is also an ability to condo map the building and sell off as condos at a later date for a significant return. Whether you're a first-time purchaser, seasoned investor, or considering a 1031 exchange, 588 E San Lorenzo Road stands as a prime income-producing investment in the thriving Palm Springs real estate market. Current loan is assumable at rate of 4.75%.
Team Co-Founder, Global Real Estate Advisor - Southern California Region
01415106
For Sale
2140 E Amado RD, Palm Springs, CA 92262
For Sale
73876 Elizabeth DR, Thousand Palms, CA 92276
For Sale
1575 Enclave WAY, Palm Springs, CA 92262
Buying or selling real estate will most likely be the biggest transaction of your life. And in today's market, you need the latest technology, a comprehensive strategy and market research to capture the best deal. John & Ryan, along with our team under Sotheby’s International Realty®, have been serving the Greater Palm Springs Area and beyond for over 20 years. Contact us today to find out how we can be of assistance to you!