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500 W Racquet Club RD Palm Springs, CA 92262
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Key Details
Sold Price $770,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,745 sqft
Price per Sqft $205
Subdivision Chino Canyon
MLS Listing ID 219036273
Style Mid Century
Bedrooms 9
Three Quarter Bath 5
Year Built 1958
Lot Size 0.297 Acres
Property Description
This mid-century modern, multi-family gem is located just outside of downtown Palm Springs and the historic Racquet Club! Ultra-private compound located in Chino Canyon with amazing mountain views adjacent to Little Tuscany. The property offers nine bedrooms, five baths, three full kitchens (two common), two laundry rooms, pebble tech pool, approximately 3,740 square feet of living space, which sits on an oversized corner lot just under 1/3 of an acre. It is currently being used as a sober living facility. Other uses include: assisted living, boutique hotel or vacation rental (buyer to confirm)—there is incredible upside potential for this property! The Palm Springs market is booming and development is inevitably moving northward. This property is in close proximity to future proposed developments such as The Racquet Club Hotel; Crescendo and Boulders communities; and Art Colony development project. Jump on this North Palm Springs multi-unit opportunity before it's too late! Appointment Only. Drive By Only. Do Not Disturb Tenants.
Location
State CA
County Riverside
Area 331 - Palm Springs North End
Zoning R-2
Interior
Heating Central, Zoned, Natural Gas
Cooling Air Conditioning, Central Air, Zoned
Exterior
Pool Heated, In Ground, Private, Safety Fence, Pebble
View Y/N true
View Mountain(s)
Building
Story 1
Sewer In, Connected and Paid
Others
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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