Fantastic opportunity to own a charming Spanish style Warm Sands triplex with pool. This property is walled and private with amazing western mountain views. Property is currently configured as: Unit 1 = studio/one bath, Unit 2 = one bed/two baths, and Unit 3 = one bed/one bath. Former Adobe Hotel. The south end location, proximity to downtown, shopping and restaurants on land you own makes this one a winner. Interior photos are of Unit 3.
Welcome to this stunning duplex, completely renovated, top to bottom in a stunning contemporary design, in one of Palm Springs' most desirable neighborhoods, Warm Sands. This versatile property is ideal as a primary residence with rental income, or 2nd home, or short-term rental (buyer to verify with city). Property is fully enclosed and private with custom steel gates, new low maintenance landscaping, astro turf, and freshly laid concrete for 4 parking spaces in front and passageways. Renovations include HVAC and ducting, water heaters, drywall throughout, electrical and plumbing, switches and dimmers, recessed lighting and cabinetry throughout. Brand new appliances, including washer and dryer in each unit. Front unit is 1 bedroom, 1bath and the rear unit is a spacious 1 bedroom with 2 baths. Both entrances are on the side with combo locks. Both units have a firepit. Separate meters for gas and electric. Not a single detail has been overlooked. You will be amazed.
Nestled in the heart of desirable Warm Sands neighborhood, one block off famous Indian Canyon - this historic duplex offers serenity with access a street over to world-class dining, shopping, vibrant nightlife and outdoor adventures.This architectural gem is freshly painted and offers NEW HE Air Conditioning System, window treatments & furniture! Just pack your bag and live almost free with one unit available for rent and one just waiting for you!Upper Unit: Features two spacious bedrooms and is currently unoccupied. With its classic architecture and cozy ambiance, this space offers both comfort and character.Lower Unit: a flexible studio that can also function as a one-bedroom, is rented on a month-to-month basis. Ideal for guests, extended family, or additional income.Expansive lot situated on a generous 6,098 square foot lot, this property presents a myriad of opportunities for expansion. Imagine adding a sparkling pool, or just some outdoor entertainment area furniture, or even additional living spaces--your vision can become a reality here. Cap rate is strong at over 5%. Tenant downstairs is month to month but open to staying. Upper unit is a great vacation rental, and there's lots of storage space that could easily be finished off to add another 400 square feet. Termite report from September, 2024 is clear.Whether you're looking for a solid investment property, a vacation getaway with built income, this is it! Interested parties verify all info thx
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%.
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%.
The median home value in Palm Springs, CA is $619,300. This is higher than the county median home value of $536,000. The national median home value is $338,100. The average price of homes sold in Palm Springs, CA is $619,300. Approximately 41.09% of Palm Springs homes are owned, compared to 23.82% rented, while 35.1% are vacant. Palm Springs real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Palm Springs real estate agent to arrange a tour today!
Palm Springs, California 92264 has a population of 44,799. Palm Springs 92264 is less family-centric than the surrounding county with 10.68% of the households containing married families with children. The county average for households married with children is 35.14%.
The median household income in Palm Springs, California 92264 is $61,597. The median household income for the surrounding county is $76,066 compared to the national median of $69,021. The median age of people living in Palm Springs 92264 is 56.6 years.
The average high temperature in July is 107.6 degrees, with an average low temperature in January of 45.5 degrees. The average rainfall is approximately 5.2 inches per year, with 0 inches of snow per year.