Sold

585 615 Warm Sands Drive

Palm Springs CA, 92264

$3,100,000


Sold

Commercial

Built in 1950

Listed by Luca Volpe with Realty Trust (760) 327-8000

Great opportunity to acquire a profitable charming desert oasis with manicured grounds, 0.44AC of Fee simple land located in the heart of Warm Sands. This hotel features 12 rooms, picturesque panoramic views, 5,606sf building with 200 sf frontage, featuring great visibility. Consistently high CAP Rate and Occupancy. The size of the land with access on three sides, the gorgeous mountain views, the expansive pool & spa, sauna, steam-room and massage-cabana are just some of the amenities that showcase this property's potential. Desert Paradise Resort is one of the longest running gay resorts serving the community in Palm Springs. Welcoming all and seeking to provide the perfect destination for the like minded traveler. Guests immerse themselves in spectacular views and tropical grounds, and discover what it means to be truly welcome. This is a great investment opportunity to continue a successful legacy or take this well established resort to a new ''vibe''. The property is walking distance to downtown and minutes to the Palm Springs Convention Center, airport and most known tourist attractions.

219089772PS

MLS ID

March 23, 2024

Updated

Map

585 615 Warm Sands Drive
Palm Springs CA, 92264

Interior Features

Total Stories

1


Fireplace

No


Cooling

Yes


Heating

Yes


Heating Description

Central, Forced Air, Natural Gas

Exterior/Building Features

Lot Size

0.44 Acres


Lot Features

Back Yard, Corner Lot, Sprinklers In Rear, Sprinklers In Front, Lawn, Landscaped, Rectangular Lot, Secluded, Sprinklers Timer, Sprinklers On Side, Sprinkler System, Street Level


Roof

Flat

Other Property Details

Area Name

334 - South End Palm Springs


Days on Market

85


Garage

No


Parking Total

12


View

No


County

Riverside


Pool

No


Buyer Agency Compensation

2.5%

Listing Contact: (760) 327-8000 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:20 AM UTC

 

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