888 N Indian Canyon Drive

    Palm Springs, CA 92262
    • $2,099,500
    • STATUS: Active
    • ON SITE: 292 days
    • ID#: 18380918PS
    UPDATED: 40 min ago
    $2,099,500
    • 0
      BEDS
    • 0.36
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,000
      SQFT
    • $420
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:

    School Ratings & Info

    Description

    Turn-key Boutique Hotel in Central Palm Springs - Movie Colony within easy walking distance to all of downtown. 12 well-appointed rooms and suites. Major renovations inside and out were done between 2012 and current creating an ultra private resort with beautiful units and excellent amenities. Opportunity for growth is significant.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-07-18T19:38:13.737. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.laffinsrealestate.com/homes/88023890

    888 N Indian Canyon Drive Palm Springs, CA 92262

    • Price: $2,099,500
    • Status: Active
    • Updated: 40 min ago
    • ID#: 18380918PS
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.36
    Acres
    5,000
    SQFT
    $420
    $/SQFT
    1970
    Built
    Neighborhood:
    Movie Colony (5620)
    County:
    Riverside
    Area:
    332 - Central Palm Springs
    Property Description
    Turn-key Boutique Hotel in Central Palm Springs - Movie Colony within easy walking distance to all of downtown. 12 well-appointed rooms and suites. Major renovations inside and out were done between 2012 and current creating an ultra private resort with beautiful units and excellent amenities. Opportunity for growth is significant.
    Exterior Features

    Carport Spaces 2.00 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Parking Space Parking Total 2.00 Parking YN Yes

    Interior Features

    Appliances DisposalIce MakerFreezerRefrigerator Appliances YN Yes Cooling Central Air Cooling YN Yes

    Property Features

    Cap Rate 5.11 Gross Multiplier 13.00 Gross Operating Income 277683.00 Improvements Amount 592511 Land Lease YN No Land Value 253895 Net Operating Income 107191.00 Special Listing Conditions Standard Subdivision Name Other Movie Colony (5620) Total Expenses 160457.00 Utilities Cable Available Zoning R3

    Listing provided courtesy of P. Tomov of Coldwell Banker Residential Br and Michael Romberg of Coldwell Banker Residential Br


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-07-18T19:38:13.737. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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