220 S. Patencio Rd., Palm Springs, CA 92262 - 219047996PS - iPro Real Estate
iPro Real Estate

iPro Real Estate

220 S. Patencio Rd.
Palm Springs, CA 92262

Active, Multi-Family/Income Sale

For Sale

$2,400,000

Free Professional CMA

Listing ID : 219047996PS

  • Year

    1930

Description

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 occupanci

Details

Type: Multi-Family/Income Sale 
County: Riverside 
Tax ID: 513133014
Pool: Yes
Pool Features: In Ground, Private 
Days on Market: 643 
Appliances: Electric Water Heater, Refrigerator 
Heating: Zoned 
Number of Units: 9 
Property Type: Residential Income 
Roof: Rock/Gravel, Tile 
Sub Type: Multi Family 

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Interactive

33.820786 -116.550888 $2,400,000 219047996PS
220 S. Patencio Rd., Palm Springs, CA 92262
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Area Information 92262

Population:

33,986 Up .11% since 2010
Average Income:
$89,507
Average Age:
46Years
Gender:
54.09%Male
45.91%Female
Households:
15,69817.6% with children
Average Value:
$694,256
Occupancy:
47.87%Owned
52.13%Rented
26.2%Vacant
Education:
22.76%High School
6.93%Associate
18.15%Bachelor
12.06%Graduate
Average Residency:
19Years
Crime Rate:
Very High
Annual Rainfall:
9.43Inches
Earthquake Risk:
Very High
Hail Risk:
Very Low
Hurricane Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Wind Risk:
Very Low

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Listed by Sandra Quinn with Berkshire Hathaway HomeServices California Properties