312 E Camino Monte Vista, Palm Springs, CA 92262

$2,130,000
Property Type: Commercial Sale Square Footage: 5,550 Status: Closed
Current Price: $2,130,000 List Date: 1/17/2023 Last Modified: 5/14/2026

Overview

Description

Fully licensed boutique hotel close to the Uptown District. Property (Hotel) has been closed since 2019, but operational. Currently licensed as a 10 room boutique hotel , with 12 rooms. Two are adjoining connecting suites. This Fee simple property sits next to the successful Descanso Hotel and is priced well with unlimited potential depending on the new owners vision. Center court swimming pool, in ground Spa and Sauna / Steam room. Most units have kitchens or kitchenettes. Could potentially be used as a compound or multi unit apartment building subject to city zoning approval. The room count for the hotel license is 10 due to the 10 parking stalls on site. See the attached pro forma, which includes projections based on other similar properties, in its current condition and following new owner renovations. Site plan / Room layout in Documents, as well. Alarms on property, do not go direct. Shown by appointment only please contact listing agent. Full solar, paid for no solar lease. T ...

Listing Details MLS# 219089474

General Property Information

Approx SqFt
5550
SqFt Source
Other
Year Built
1948

Property Features

Business Type: Hospitality Sale Type: Standard Financing: Cash; Conventional Listing Terms: Cash; Conventional Owner Pays: A/C; Electric; Gas/Heat; Insurance; Sewer; Taxes; Water Lot Features: Corner Lot; Landscaped; Level with Street; Lot 10000-19999 SqFt; Sprinkler System; Sprinklers Timer Asset Class: Hotel/Motel Road Surface Type: Paved Building Features: Living Quarters Land Use: Multi-Family; Other Survey: Buyer Pays Exterior Construction: Stucco; Wood Heating: Solar; Wall Furnace Laundry: Inside; Room Security Safety: Carbon Monoxide Detector(s); Exterior Security Lights; Gated Community; Smoke Detector Roofing: Flat Water: Water District Utilities: 220V in Kitchen; 220V in Laundry; Electricity Connected; Natural Gas Available; Underground Utilities; Water Meter on Property Contingent Upon: Appraisal; Inspection; Loan Approval Disclosures: Property As Is; None

Listing Location and Property Info

APN
507030008
Original List Price
2395000
Property Sub-Type
Hotel/Motel
Street #
312
Street Direction
E
Street Name
Camino Monte
Street Suffix
Vista
County
Riverside
State
CA
Zip Code
92262
Area
332 - Palm Springs Central
Country
US

Listing Info

Accounting Type
ProForma
Ownership Type
LLC

Property Info

Entry Floor Number
Yes
Building # of Stories
2
# Units
12
# Buildings
Yes
Building Status
Existing

Status Change Info

Status Change Date
2023-05-30
Pending Date
2023-04-17
Closed Date
2023-05-22
Closed Price
2130000

More Information

Parking SpacesInformation

Total Uncovered/Assigned Spaces
10
Total Parking Spaces
10

Water

Water District Name
Desert Water Agency

Documents

Listing Office: Realty Trust
Listing Agent: Scott Timberlake
Last Updated: May - 14 - 2026
Information deemed reliable but not guaranteed.
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