220 S Patencio Road

    Palm Springs, CA 92262
    • $2,500,000
    • STATUS: Active
    • ON SITE: 554 days
    • ID#: 17238522PS
    UPDATED: 30 min ago
    $2,500,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    Description

    Class A iconic hotel (on hotel row) in the famous Tennis Club. Property is surrounded by multi-million dollar hotels & resorts and this is one of the best Inns in Palm Springs! Created in the spirit of the "Old West" the heritage of Palm Springs awaits you at the Old Ranch Inn. Totally remodeled and restored back to its "glamour days". Located just steps away from downtown Palm Springs! This award winning Inn offers eight beautiful (private) guest suites surrounded by lush landscaping and stunning mountain views! Gorgeous pool and 9th suite option available. ORI has a proven sales history with strong bookings for 2018! 5 Star Trip Advisor rating and Continental breakfast now offered and being well received by over 500 current & returning guests. RARE OPPORTUNITY!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-13T14:31:45.09. 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.impactca.com/homes/73320230

    220 S Patencio Road Palm Springs, CA 92262

    • Price: $2,500,000
    • Status: Active
    • Updated: 30 min ago
    • ID#: 17238522PS
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    1930
    Built
    Neighborhood:
    Tennis Club
    County:
    Riverside
    Area:
    332 - Central Palm Springs
    Property Description
    Class A iconic hotel (on hotel row) in the famous Tennis Club. Property is surrounded by multi-million dollar hotels & resorts and this is one of the best Inns in Palm Springs! Created in the spirit of the "Old West" the heritage of Palm Springs awaits you at the Old Ranch Inn. Totally remodeled and restored back to its "glamour days". Located just steps away from downtown Palm Springs! This award winning Inn offers eight beautiful (private) guest suites surrounded by lush landscaping and stunning mountain views! Gorgeous pool and 9th suite option available. ORI has a proven sales history with strong bookings for 2018! 5 Star Trip Advisor rating and Continental breakfast now offered and being well received by over 500 current & returning guests. RARE OPPORTUNITY!
    Exterior Features

    Construction Materials StuccoWood Siding Entry Location Ground Level Lot Features Corners EstablishedLot-Level/FlatWalkstreetNear Public TransitPavedLandscaped Lot Size Units Square Feet Parking Features DrivewayOn SiteGuest Parking YN Yes

    Interior Features

    Appliances RefrigeratorDishwasher Appliances YN Yes Cooling Electric Cooling YN Yes Fireplace Features See RemarksFire Pit Fireplace YN Yes Laundry Features Dryer IncludedAreaWasher Included

    Property Features

    Cap Rate 8.00 Community Features Street LightingSidewalksCurbs Country Us Gross Multiplier 1.00 Gross Operating Income 1.00 Have Hotel Improvements Amount 1545210 Land Lease YN No Land Value 279193 Laundry YN Yes Net Operating Income 1.00 Security Features Security Lights Special Listing Conditions Standard Subdivision Name Other Tennis Club Total Expenses 1.00 Utilities Cable Available Zoning R3

    Listing provided courtesy of Joe Woods of Bennion Deville Homes and John Murasky of Bennion Deville Homes.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-13T14:31:45.09. 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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