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  • Listing Price: $1,100,000 Sold Price: $1,070,000
    Beds: 8  |  Baths: 8
    • MLS#: 19-426896PS
    • APN#: 508-212-002
    • Status: Sold
    • Lot Size: 13133
    • Sq Ft: 4300
    • Beds: 8
    • Baths: 8
    • Style: N/A
    • Year Built: 1960
    • Subdivision: Warm Sands 
    • Roof: N/A
    • Spa: N/A
    • Tennis: N/A
    • Laundry: N/A
    • Heat: Other
    • Air: Other
    • Open House: N/A
    • Property Type: Income
    • Sale Type: Standard
    • Land Type: Fee
    • Lease Amount: N/A
    • Lease Exp: N/A
    • HOD: N/A
    • Area: Palm Springs South End 
    • City: PALM SPRINGS
    • Zip code: 92264
    • Map: N/A
    • View: N/A
    • Waterfront: N/A
    • Sewer: N/A
    • Parking # 7
    • Security: N/A
    • Amenities: N/A
    • Pool:
    • Floor: N/A
    • Rooms: N/A
    • Fireplace: N/A
    • Parking: Parking Space

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Rare opportunity to own an architecturally significant property in the desirable Warm Sands community. Currently utilized as a 7 unit apartment complex, each unit is a single story floor plan, surrounded by a central and private pool, private back patios and well maintained grounds. Opportunity to continue its use as an apartment complex, or convert to boutique style short-term rental units similar to many already converted on Grenfall street; The Warm Sands neighborhood is a thriving boutique hotel and short-term rental market with soaring occupancy and increasing nightly rates. A strong long-term rental market with high demand from tenants also provide the future buyer with options to maintain a stabilized income producing asset with low vacancy rate and gradually increasing rents on renewals and turnovers. Tenants love the property and there is a waiting list of tenants always seeking the opportunity to rent at this property.
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Last Updated: 7/30/2019 11:46:23 AM
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