220 S Patencio Road, Palm Springs, CA 92262 (MLS # 219056221PS)
 Home    220 S Patencio Road, Palm Springs, CA 92262 (MLS # 219056221PS)
Save to Favorites
Print
Share
PRICE $2,362,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 11,326 sqft

Located in the Historic Tennis Club neighborhood next to Downtown Palm Springs, The Old Ranch Inn has been successfully operating as an 8-room Boutique Hotel. Increased revenue possible with a minimal improvement cost by adding 9th room, currently used as office space. Each room is unique, all with Kitchens/Kitchenettes to serve short term and long-term (28 days or more) guests. Hotel License will be transferred at time of sale. Transient Occupancy Tax (TOT) does not have to be paid on long term occupancies. Option to lease/rent all rooms long term is extremely valuable to remain profitable while complying with current short-term Hotel operating restrictions. All units individually metered to bill back to longer term guests. Most units have views of San Jacinto mountains and pool. Property has outdoor breakfast bar, bbq and entertainment area with firepit and room to add in ground outdoor spa. Great walking neighborhood close to shopping, dining, hiking and bike paths. On-site parking for each room. Room rates have been historically below market creating a perfect opportunity to increase revenue especially with the 9th room brought into service. Investment proforma attached.

DAYS ON MARKET 65 LAST UPDATED 3/31/2021
TRACT Tennis Club YEAR BUILT 1930
COMMUNITY 332 - Central Palm Springs COUNTY Riverside
STATUS Sold PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Electric
AIR CONDITIONING Yes
AMENITIES Barbecue, Fire Pit
APPLIANCES Electric Water Heater, Microwave, Refrigerator, Water Heater
AREA 332 - Central Palm Springs
FIREPLACE Yes
GARAGE On Street, Side by Side, Unassigned
HEAT Central, Zoned
INTERIOR Beamed Ceilings, Track Lighting, Wet Bar
LOT 0.26 acre(s)
LOT DESCRIPTION Landscaped
PARKING On Street,Side By Side,Unassigned
POOL Yes
POOL DESCRIPTION Electric Heat,Gas Heat,In Ground,Private
STORIES 1
STYLE Contemporary, Ranch, Spanish
SUBDIVISION Tennis Club
VIEW Yes
VIEW DESCRIPTION Mountain(s)
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

0
P
I
*Estimate only

SATELLITE VIEW



 
CONTACT US ABOUT 220 S PATENCIO ROAD
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Sandra Quinn to contact you even if your name is on a Federal or State "Do not call List".

Listing provided by : Sandra Quinn, Berkshire Hathaway HomeServices California Properties

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from CARETS as of 9/22/21 1:30 AM PDT. The information being provided by CRMLS & CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

This IDX solution is (c) Diverse Solutions 2021.