Palm Springs, CA 92262,500 W Racquet Club RD
Palm Springs, CA 92262,500 W Racquet Club RD
Palm Springs, CA 92262,500 W Racquet Club RD
42
$770,000
$775,000
0.6%
Est.Price: ?

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9 BD
5 BA
3,745 SqFt

500 W Racquet Club RD Palm Springs, CA 92262

Est. payment /mo
SOLD DATE : 03/25/2020

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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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Listed by Coldwell Banker Realty

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agent

Norma Mardelli

Agent | License ID: 01477249

+1(818) 400-3794

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