$1,100,000
$1,150,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
7,701 Sqft Lot
SOLD DATE : 02/07/2020
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Tahquitz River Estat
MLS Listing ID 19491838PS
Year Built 1955
Lot Size 7,701 Sqft
Property Description
Welcome to the Stardust Hotel & Resort. A Mid Century inspired 10 room Desert Architecture property with Common area Living room/ Lobby/ Lounge area. Tucked away in a key location in sought after South Palm Springs Hotel District; offering privacy and serenity with nicely appointed rooms; many with dramatic mountain views. The Resort is well maintained and currently managed by a 3rd party. Stardust Boutique Hotel is very competitively priced in our dynamic real estate market. The $/ Door is below the comparable hotels sold. Herein lies an excellent value-add opportunity for the forward-looking investor. Continue to improve /remodel and capture this upside in continuing bringing the resort back to its original glory.
Location
State CA
County Riverside
Area 334 - South End Palm Springs
Interior
Heating Central
Cooling Wall/Window Unit(s)
Flooring Tile
Exterior
Garage Guest
Pool In Ground, Private
View Y/N Yes
View Hills, Mountain(s)
Building
Story 2
Sewer Other
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Bought with Jessica Spry • Capitis Real Estate