350 E Palm Canyon Drive
Palm Springs, CA 92264

Description

Premium South Palm Canyon location surrounded by boutique hotels and restaurants, El Moro Villas includes two parcels totaling just under an estimated 1.5 acres of land lot size. Options are limitless for a new buyer. The property historically used at one time as a hotel / short-term offering, and for the past 15+ years has been utilized as long-term fully furnished studio apartments. The property currently includes 30 total units, plus an onsite office and an additional large storage or small retail / restaurant space having the required plumbing. Current tenants experience high quality residential living with resort like amenities such as an oversized pool and spa, lush landscaping and all-inclusive utilities including cable and internet. New buyer may capitalize on the surging boutique hotel demand or continue operating as studio apartments.

Details

MLS#19427444PS
Sub-TypeResale
StatusActive
Year1960
Days On Site87

Features

Units30
Building(s)1

Market Activity 92264

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Area Information

StateCA
CountyRiverside
CityPalm Springs
Zip Code92264
Area334 - South End Palm Springs
Listing VS Median (in 92264)
Price:
$4,500,000
low | high
Med:
$339,000
100% of Average
On Site:
87
low | high
Med:
3
100% of Average
Listing Updated: 04/24/2019
MLS Number: 19427444PS
Listing Provided By:
MD McLean  of  McLean Company Rentals
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