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711 S Riverside Drive

Palm Springs, CA 92264
  • $4,200,000
  • STATUS: Active
  • ON SITE: 68 Days
  • MLS #: 219085008
UPDATED: 55 min ago
$4,200,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1955
County:

School Ratings & Info

Description

An Incredible Opportunity To Own The Wesley, A Highly Successful Boutique Hotel In The Heart Of Palm Springs. Located In The Tahquitz River Estates Neighborhood Of South Palm Springs & Only Minutes Away From Downtown Palm Springs, Is This 9 Door Hotel. 7 Of The Units Are Studio Style With Kitchens. 1 Unit Has A Living Room, Kitchen Plus Bedroom & Bathroom. The Honeymoon Suite Features A Full Sized Living Room and Kitchen Plus 2 Bedrooms & 2 Bathrooms. The Mid Century Modern Style Of This Hotel Along With The Beautiful Interior Design, Make It A Featured Destination That Is Desired By All. The Property Is Currently Ran By An Experienced & Seasoned Management Company That Specialized In Branding And Operating This Type Of Property. This Is A Hybrid Hotel Situation With Huge Upside Potential & Cap Rate Opportunity North Of 10%! For Additional Details Please Contact Listing Agent.

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©2022 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Brad Schmett Real Estate Group. Based on information from the California Desert Association of Realtors as of 2022-12-05T16:35:39.97. 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 of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
www.bradschmett.net/homes/133462286
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711 S Riverside Drive Palm Springs, CA 92264

  • Price: $4,200,000
  • Status: Active
  • On Site: 68 Days
  • Updated: 55 min ago
  • MLS #: 219085008
0
Beds
0
Baths
0
½ Baths
0.29
Acres
1955
Built
Neighborhood:
334 - Palm Springs South End
County:
Riverside
Area:
334 - Palm Springs South End
Property Description
An Incredible Opportunity To Own The Wesley, A Highly Successful Boutique Hotel In The Heart Of Palm Springs. Located In The Tahquitz River Estates Neighborhood Of South Palm Springs & Only Minutes Away From Downtown Palm Springs, Is This 9 Door Hotel. 7 Of The Units Are Studio Style With Kitchens. 1 Unit Has A Living Room, Kitchen Plus Bedroom & Bathroom. The Honeymoon Suite Features A Full Sized Living Room and Kitchen Plus 2 Bedrooms & 2 Bathrooms. The Mid Century Modern Style Of This Hotel Along With The Beautiful Interior Design, Make It A Featured Destination That Is Desired By All. The Property Is Currently Ran By An Experienced & Seasoned Management Company That Specialized In Branding And Operating This Type Of Property. This Is A Hybrid Hotel Situation With Huge Upside Potential & Cap Rate Opportunity North Of 10%! For Additional Details Please Contact Listing Agent.
Exterior Features

Entry Floor Number 1 Total Parking Spaces 0.00

Property Features

Building Status Existing Property Sub Type Hotel-Motel Sale Type Standard

Listing information © 2022 California Desert Association of Realtors.
Listing provided courtesy of David Emerson of Coldwell Banker Realty: (760) 776-9898.
©2022 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Brad Schmett Real Estate Group. Based on information from the California Desert Association of Realtors as of 2022-12-05T16:35:39.97. 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 of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
 
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Brad Schmett Real Estate Group
760-880-5845
La Quinta and Palm Springs CA,