$1,200,000
$1,290,000
7.0%For more information regarding the value of a property, please contact us for a free consultation.
526 S CAMINO REAL Palm Springs, CA 92264
0.51 Acres Lot
Key Details
Sold Price $1,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Warm Sands
MLS Listing ID 15931345PS
Sold Date 04/12/16
HOA Y/N No
Year Built 1947
Lot Size 0.508 Acres
Property Description
This is one of the most interesting properties to come on the market in Warm Sands in some time. Once a boutique hotel and then apartments, this seven bedroom, seven bath, 4000 sq ft property has been beautifully refurbished throughout...sensitively restored to better accommodate the needs of the 21st century . What is more amazing is its potential. Situated on a 22,000 sq ft lot this property has three different APN's, and with it interesting different scenarios. We have spoken to couple of local vacation rental agencies and they seem to think you could best maximize the income by looking at it as a as a 7BD/7BA house as there are so few of them on the market. With this huge lot comes expansive views of the San Jacinto Mountains in a location that is central, close to shopping, restaurants and coffee houses.This could be your Shangri-La, all it needs now are your personal touches and an interesting vision for the future. Seller willing to carry. 50%DN, 15 yrs, 4.75% interest rate.
Location
State CA
County Riverside
Area 334 - South End Palm Springs
Interior
Heating Central
Fireplaces Type Living Room
Fireplace Yes
Appliance Dishwasher, Refrigerator
Exterior
Parking Features On Street
Pool Private
View Y/N Yes
View Mountain(s)
Total Parking Spaces 2
Private Pool Yes
Building
Lot Description 2-5 Units/Acre
Story One
Entry Level One
Foundation Slab
Architectural Style Bungalow
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 508144003
Security Features 24 Hour Security
Special Listing Condition Standard
Lease Land No
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Bought with Gary Pisula • BHG Desert Lifestyle Properties