Residential Income – 220 S Patencio Rd, Palm Springs, CA 92262, USA -001-11-30T00:00:00-08:00
Class A iconic hotel (on hotel row) in the famous Tennis Club. Property is surrounded by multi-million dollar hotels and 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
220 S Patencio Rd, Palm Springs, CA 92262, USA
$2,500,000 USD
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Address220 South Patencio Road, Palm Springs
Price$2,500,000
Year Built1930
Bedrooms Total0
Lot Size (Sq.Ft.)11,427
Listing ID17238522PS
StatusActive
Parcel Number513133014
ZoningR3
Special ConditionsStandard
Days on Market439

Detailed Description: Class A iconic hotel (on hotel row) in the famous Tennis Club. Property is surrounded by multi-million dollar hotels and 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 and returning guests. RARE OPPORTUNITY!

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Parking
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Address Information
Address220 South Patencio Road, Palm Springs
Street PrefixSouth
Street SuffixRoad
Subdivision NameTennis Club
CityPalm Springs
Location (MLS Area)332 – Central Palm Springs
County Or ParishRiverside
CountryUS
Financial Information
Price per Lot Square Foot$218.78
Price per Unit$312,500
Special ConditionsStandard
Total Expenses$1
Gross Operating Income$1
Net Operating Income$1
Gross Multiplier1%
Improvements Amount$1,545,210
Land Value$279,193
Tax Year2018
Full Descriptions
Parcel Number513133014
Detailed DescriptionClass A iconic hotel (on hotel row) in the famous Tennis Club. Property is surrounded by multi-million dollar hotels and 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 and returning guests. RARE OPPORTUNITY!
CommentsHotel
Lot FeaturesCorners Established, Lot-Level / Flat, Walkstreet, Near Public Transit, Paved, Landscaped
Community FeaturesStreet Lighting, Sidewalks, Curbs
Construction MaterialsStucco, Wood Siding
Security FeaturesSecurity Lights
UtilitiesCable Available
Laundry FeaturesDryer Included, Area, Washer Included
Cooling DescriptionElectric
Appliances DescriptionRefrigerator, Dishwasher
Parking FeaturesDriveway, On Site, Guest
Fireplace FeaturesSee Remarks, Fire Pit
Property parameters
Year Built1930
Lot Size (Sq.Ft.)11,427
Number of Buildings1
Number of Units Total8
ZoningR3
Entry LocationGround Level
Stories Total1
Units Total8
Cap Rate (For Cash Payment Only)8
Listed withJoe Woods (Bennion Deville Homes)