$700,000
$795,000
11.9%For more information regarding the value of a property, please contact us for a free consultation.
1.36 Acres Lot
SOLD DATE : 05/31/2019
Key Details
Sold Price $700,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable-1
MLS Listing ID 18402930PS
Sold Date 05/31/19
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1957
Lot Size 1.360 Acres
Property Description
Cannabis friendly hotel with Mineral Hot Water pools and an excellent Investor Opportunity to own a mid-century modern hotel recently featured on Forbes, LA Times and more. Known for the scandal and opportunity for clientele to legally consume marijuana during their stay. Clients also may soak in the sparkling hot all-natural healing mineral waters in pool and spa which pipes in at 140 degrees direct from the aquifer and is odorless. Enjoy panoramic views in this remodeled mid-century modern rooms with concrete floors, kitchenette suites and so much more. Hotel currently features 6 operating rooms with potential of converting up to 9 suites. Opportunity to expand w/ 7 additional surrounding parcels almost 2 acres for an additional $199,000 must be included which owner will carry. Solar electricity. Desert Hot Springs is a growing community known for cannabis, mineral waters and panoramic views. Hotel is currently operating on target. This is an active hotel, do not disturb occupants
Location
State CA
County Riverside
Area 340 - Desert Hot Springs
Interior
Heating Forced Air, Zoned
Fireplace No
Appliance Dishwasher, Refrigerator
Exterior
Garage Guest, On Street, Unassigned
Pool Electric Heat
View Y/N Yes
View City Lights, Desert, Panoramic
Total Parking Spaces 7
Private Pool Yes
Building
Lot Description Corner Lot, Near Public Transit
Story 2
Entry Level Two
Water Other, Private, Well
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 642142012
Special Listing Condition Standard
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880 Roosevelt Suite 250, Irvine, California, 92620, United States