588 SAN LORENZO Road, Palm Springs, CA 92264

$4,950,000
Property Type: Commercial Sale Lot Size (sq. ft.): 31,799 Status: Closed
Current Price: $4,950,000 List Date: 7/03/2019 Last Modified: 5/14/2026

Overview

Description

RSL Hotel offered in its entirety or each of the 12 Turn-Key furnished units can be sold individually. Diverse income / management opportunities: Boutique Luxury Hotel (active Hotel License), Vacation rentals, Corporate or family compound, extended stay or sober living facility. Separate 2012 electric & gas meters ,13 APN Numbers (1 for office). Rebuilt from ground up in 2012 and taken to next level in 2018 with a new resort style Pool & Spa area , 12 New Carports plus secured , gated open parking. New courtyard featuring uniquely designed spaces for each ground floor unit. High end Finishes in all units with full kitchens. Eleven 2 bedroom, 2 bath homes plus a 2100 sf 2 level Penthouse (Owners Unit) with 3 bedrooms and 3 bathrooms. Spacious front Lobby / Office. W/D in all units. Social area with outdoor kitchen, BBQ & fire pit. Water features and wrap around koi streams. Property is fully Fire Sprinklered with alarm and sound system. Exceptional surrounding Views

Listing Details MLS# 19484800

General Property Information

SqFt Source
Other
Lot Acres
0.73
Lot Size Source
Assessor
Year Built
2012
Cross Streets
Random Rd

Property Features

Sale Type: Standard Financing: Cash; Conventional Listing Terms: Cash; Conventional Lot Features: Sprinkler System Asset Class: Hotel/Motel; Multi-Family; Specialty Building Features: Phone System; TV System Land Use: Multi-Family; Other Signage: Sign Freestanding; Sign on Building Heating: Central; Combination; Natural Gas Search Tags: Special Use Laundry: In Unit; Inside; Laundry Closet Stacked Security Safety: Automatic Gate; Carbon Monoxide Detector(s); Card/Code Access; Exterior Security Lights; Fire Sprinklers

Listing Location and Property Info

APN
508193001
Original List Price
4950000
Street #
588
Street Name
SAN LORENZO
Street Suffix
Road
County
Riverside
State
CA
Zip Code
92264
Area
334 - Palm Springs South End

Listing Info

Ownership Type
LLC

Property Info

# Units
13

Status Change Info

Status Change Date
2019-07-01
Pending Date
2019-01-17
Closed Date
2019-07-01
Closed Price
4950000

More Information

Business Info

Laundry Equipment
Yes
Lease Type
Other
Sale or Lease
Sale
Year Established
2012
Listing Office: Realty Trust
Listing Agent: Luca Volpe
Last Updated: May - 14 - 2026
Information deemed reliable but not guaranteed.
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