$1,040,000
$1,600,000
35.0%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 01/12/2023
Key Details
Sold Price $1,040,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision El Mirador
MLS Listing ID 219082368PS
Sold Date 01/12/23
HOA Y/N No
Year Built 1960
Property Description
Originally built in 1960, this 8-room boutique hotel located within walking distance from the acclaimed Palm Springs designer district is now available as an amazing investment opportunity! Recently purchased and refurbished in 2020 by Tracy Turco and real estate developer husband, Jerry; they reopened the Art Hotel, utilizing her signature modern retro style. Pops of bold color are found within every room, including the brightly painted front doors. Each room has it's own distinct style encouraged by in-room vintage guitars, record players, iconic photos of music legends, and original artwork from local Palm Springs artists. Every exterior and interior detail, including the wallpaper, furnishings, bed linens, pillows and decor were handpicked or designed by Tracy. The hotel also engaged a large distinctive outdoor mural by famed New York City street artist Damon Johnson. This much in demand boutique hotel is central to popular restaurants and shops near the downtown area. Interested buyers will need to be qualified, and financials are available. Don't miss out on this opportunity to own a piece of Palm Springs history!
Location
State CA
County Riverside
Area 332 - Central Palm Springs
Interior
Fireplace No
Exterior
Parking Features Covered
Pool In Ground
View Y/N Yes
View Desert, Mountain(s)
Total Parking Spaces 4
Private Pool Yes
Building
Story 2
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 505184015
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
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Bought with Philip Kang • SDG Real Estate, Inc.
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Broker Associate | Lic# 01398838