Palm Springs, CA 92262,500 W Racquet Club RD

$770,000

Est. payment /mo

$775,000

0.6%
Est.Price: ?

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500 W Racquet Club RD Palm Springs, CA 92262

0.29 Acres Lot

SOLD DATE : 03/25/2020

Key Details

Sold Price $770,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Chino Canyon

MLS Listing ID 219036273PS

Sold Date 03/25/20

HOA Y/N No

Year Built 1958

Lot Size 0.290 Acres

Acres 0.29

Property Description

This mid-century modern, multi-family gem is located just outside of downtown Palm Springs and the historic Racquet Club! Ultra-private compound located in Chino Canyon with amazing mountain views adjacent to Little Tuscany. The property offers nine bedrooms, five baths, three full kitchens (two common), two laundry rooms, pebble tech pool, approximately 3,740 square feet of living space, which sits on an oversized corner lot just under 1/3 of an acre. It is currently being used as a sober living facility. Other uses include: assisted living, boutique hotel or vacation rental (buyer to confirm)--there is incredible upside potential for this property! The Palm Springs market is booming and development is inevitably moving northward. This property is in close proximity to future proposed developments such as The Racquet Club Hotel; Crescendo and Boulders communities; and Art Colony development project. Jump on this North Palm Springs multi-unit opportunity before it's too late! Appointment Only. Drive By Only. Do Not Disturb Tenants.

Location

State CA

County Riverside

Area 331 - North End Palm Springs

Zoning 1OGB82Z9HAAU

Interior

Heating Central, NaturalGas, Zoned

Cooling CentralAir, Zoned

Flooring Tile

Fireplace No

Appliance GasWaterHeater, WaterHeater

Exterior

Garage Driveway

Pool ElectricHeat, GasHeat, InGround, Pebble, Private

View Y/N Yes

View Mountains

Parking Type Driveway

Total Parking Spaces 5

Private Pool Yes

Building

Story 1

Entry Level One

Level or Stories One

Others

Senior Community No

Tax ID 504073020

Acceptable Financing Cash, CashtoNewLoan

Listing Terms Cash, CashtoNewLoan

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Brandon Lane • Coldwell Banker Realty
Bought with David Housley • Keller Williams Realty

GUIDE SoCal

Broker | License ID: DRE#01976964

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