588 E San Lorenzo Rd
588 E San Lorenzo Rd
588 E San Lorenzo Rd
588 E San Lorenzo Rd
588 E San Lorenzo Rd
588 E San Lorenzo Rd
588 E San Lorenzo Rd
588 E San Lorenzo Rd
588 E San Lorenzo Rd
588 E San Lorenzo Rd
588 E San Lorenzo Rd
588 E San Lorenzo Rd
588 E San Lorenzo Rd
588 E San Lorenzo Rd
588 E San Lorenzo Rd
588 E San Lorenzo Rd
588 E San Lorenzo Rd
588 E San Lorenzo Rd
588 E San Lorenzo Rd
588 E San Lorenzo Rd
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$4,195,000

588 E San Lorenzo Rd

25 Beds 25 Baths 12,164 Sq.Ft.

Description

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%.

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Location

588 E San Lorenzo Rd, Palm Springs, CA 92264

Status

For Sale
Ryan Cummings

Ryan Cummings

TITLE

Managing Partner - Lead Real Estate Advisor - San Diego | Palm Springs | LA

LICENSE

01415106

Property Amenities

Interior
Kitchen Range/Oven, Refrigerator, Freezer, Barbeque, Dryer, Washer, Microwave
Laundry room In Unit
Fireplace None
Total Bedrooms: 25
Area & Lot
Lot Area 0.73 Acres
Living area 12,164 Sq.Ft.
MLS® ID 24-351718
Year Built 2012
Water Frontage ['None']
View Description Desert,Mountains
Type Residential
Status For Sale
Exterior
Stories 2
Pool In Ground
Air conditioning Central
Heat type Central
Water Source Public
Security Features Automatic Gate, Community, Gated, Gated Community with Guard
Parking Assigned
Lot Features Gated Community
Finance
Sales Price $4,195,000
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Schedule a Showing

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Thank you for your interest in 588 E San Lorenzo Rd, Palm Springs, CA 92264. We are reviewing your request and will be in touch shortly!

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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!