$1,100,000
$1,150,000
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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
Sold Date 02/07/20
HOA Y/N No
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
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Guest
Pool In Ground, Private
View Y/N Yes
View Hills, Mountain(s)
Total Parking Spaces 5
Private Pool Yes
Building
Story 2
Entry Level Two
Sewer Other
Level or Stories Two
New Construction No
Others
HOA Name Stardust Hotel
Senior Community No
Tax ID 508343005
Security Features Key Card Entry
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Jessica Spry • Capitis Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "