8 Unit Apartment Building - Palm Springs CA
Listing was updated at: 06/03/2019
Property Overview
Price/Rent PSF $ 1,095,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 4,812
Date Available 12/21/2017
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Description

“La Casa” is located in central Palm Springs and was
originally built as a hotel in 1946, then converted to 8
apartments, 6 legal units on file at City of Palm Springs and 2
legal non-conforming. La Casa still holds R3 zoning and is
surrounded by 5 boutique hotels. Conversion back to hotel is
likely or continue as apartments. Attractive unit mix between
(2) studios, (3) 1 bedrooms and (3) large 2 bedroom units.

This property offers value upside, passive income with light management duties and great tax benefits for the new owner.

See offering memorandum for full details.

Location