1420 Indian Canyon Drive

    Palm Springs, CA 92262
    • $1,588,800
    • STATUS: Active
    • ON SITE: 25 days
    • ID#: 219031929DA
    UPDATED: 27 min ago
    $1,588,800
    • 0
      BEDS
    • 0.42
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1939
    County:

    School Ratings & Info

    Description

    Welcome to Rendezvous Palm Springs Bed & Breakfast Hotel located in the Movie Colony neighborhood of downtown Palm Springs! This unique 1950's style property has been remodeled as an upscale 10 room boutique property (could easily be converted to 12 rooms). Much attention to detail was spent in creating 50's themed rooms: Marilyn, Elvis, Rat Pack, James Dean - many with custom tiled two-person whirlpool tubs and showers. There is a lounge area with gas fireplace & a dining room for breakfasts, appetizers or afternoon martinis and a separate Manager's apartment. All rooms are poolside offering king size beds, cable TV, kitchenettes, mini fridges & wireless Hi-Speed internet access & open to a private courtyard with private pool, spa, fire pit & gorgeous mountain views. A Massage Studio is also available. The architecture is typical of Palm Springs, complete with a Bermuda style roof, redone in 2017, around the quadrangle courtyard. Established in 1938, the hotel was a relaxing hideaway to such notable guests as Marilyn Monroe, Gloria Swanson & Hugh O'Brien. A newly completed commercial kitchen augments the dining area. This is a truly rare structural & investment opportunity.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-12T10:28:42.523. 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 or California Realty Experts. Licensed in the State of California, USA.
    www.californiarealtyexperts.com/homes/100016630

    1420 Indian Canyon Drive Palm Springs, CA 92262

    • Price: $1,588,800
    • Status: Active
    • Updated: 27 min ago
    • ID#: 219031929DA
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.42
    Acres
    1939
    Built
    Neighborhood:
    Movie Colony
    County:
    Riverside
    Area:
    332 - Central Palm Springs
    Property Description
    Welcome to Rendezvous Palm Springs Bed & Breakfast Hotel located in the Movie Colony neighborhood of downtown Palm Springs! This unique 1950's style property has been remodeled as an upscale 10 room boutique property (could easily be converted to 12 rooms). Much attention to detail was spent in creating 50's themed rooms: Marilyn, Elvis, Rat Pack, James Dean - many with custom tiled two-person whirlpool tubs and showers. There is a lounge area with gas fireplace & a dining room for breakfasts, appetizers or afternoon martinis and a separate Manager's apartment. All rooms are poolside offering king size beds, cable TV, kitchenettes, mini fridges & wireless Hi-Speed internet access & open to a private courtyard with private pool, spa, fire pit & gorgeous mountain views. A Massage Studio is also available. The architecture is typical of Palm Springs, complete with a Bermuda style roof, redone in 2017, around the quadrangle courtyard. Established in 1938, the hotel was a relaxing hideaway to such notable guests as Marilyn Monroe, Gloria Swanson & Hugh O'Brien. A newly completed commercial kitchen augments the dining area. This is a truly rare structural & investment opportunity.
    Exterior Features

    Carport Spaces 0.00 Direction Faces North Entry Level 1 Foundation Details Slab Garage Spaces 0.00 Lot Features LandscapedRectangular LotPaved Lot Size Source Assessor Lot Size Units Acres Parking Features Side By SideUnassigned Parking Total 12.00 Parking YN Yes Pool Features Gas HeatGuniteIn GroundPrivate Pool Private YN Yes Property Attached YN No Roof CompositionFoam Spa Features GuniteIn GroundHeatedPrivate Spa YN Yes View Mountain(S) View YN Yes

    Interior Features

    Appliances DishwasherDisposalVented Exhaust FanFreezerGas CooktopGas CookingGas OvenGas RangeIce MakerMicrowaveRefrigeratorGas Water HeaterTankless Water Heater Appliances YN Yes Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features Fire PitDining RoomSee RemarksPatio Fireplace YN Yes Flooring Concrete Heating ElectricFireplace(S) Heating YN Yes Levels One Room Type See RemarksUtility Room

    Property Features

    Additional Parcels YN No Cap Rate 8.57 Country Us Gross Income 444235.00 Gross Operating Income 396844.00 Improvements Amount 1068748 Laundry Equipment Own Lease Own Net Operating Income 136214.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number With Dishwasher 1 Number With Patio 2 Number With Range 2 Number With Refrigerator 2 Property Condition Updated/Remodeled Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Movie Colony Tax Rate 1.20 Vacancy Allowance 0 Zoning R-3

    Listing provided courtesy of Doug Fischer of Coldwell Banker Residential Brokerage


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-12T10:28:42.523. 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 or California Realty Experts. Licensed in the State of California, USA.
     
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