1050 E Palm Canyon, Palm Springs, CA 92264
$2,800,000
Property Type:
Residential Income
Square Footage:
13,000
Lot Size (sq. ft.):
154,638
Status:
Closed
Current Price:
$2,800,000
List Date:
1/29/2003
Last Modified:
5/13/2026
Description
Immaculate 23 Suite Boutique hotel on 3.5 acres in exclusive South Palm Springs Area. Architect William Cody. Meticulously maintained landscaping. Large Potential owner's residence with private pool and entry. Total property Size is 3.55 acres. Suites (avg 400+/- s/f) feature kitchenettes & fireplaces. Solid repeat customers.
More Information MLS# 41149952
Listing, Location and Property Info
Entry Date: 2003-01-28
Builders Tract Code: Not in a Development
General Property Information
Total Units: 23
SqFt Source: Other
Price Per Unit: 0
Approx SqFt: 13000
Lot Acres: 3.55
Lot Size: 154638
Lot Size Source: Assessor
Year Built: 1955
Income & Expenses
Actual Total Rent $: 0
Annual Gross Rent $: 0
Garage Income $: 0
Gross Annual Income $: 600000
Gross Income $: 0
Gross Operating Income $: 600000
Gross Schedule Income $: 600000
Gross Spendable Income $: 169000
Laundry Income $: 0
Net Operating Income $: 300000
Other Income 1 $: 0
Other Income 2 $: 0
Advertising Expense $: 0
Cable TV $: 0
Electricity $: 0
Elevator Expense $: 0
Expense Management $: 0
Furniture $: 0
Gardener $: 0
Gas $: 0
Insurance $: 0
Licenses $: 0
Maintenance %: 0
Manager $: 0
Operating Expenses $: 300000
Other Expense $: 0
Pest Control $: 0
Pool Expense $: 0
Repair/Maintenance %: 0
Security Expense $: 0
Supplies $: 0
Total Annual Operating Expenses $: 600000
Trash $: 0
Water Expense $: 0
Workers Compensation $: 0
Assessed Improved %: 0
Assessed Improvement $: 0
Assessed Total Value $: 0
Cap Rate %: 10.7
Personal Property Percent %: 0
Tax Rate %: 0
Total Taxes $: 0
Listing Terms
Cash: 1
Possession
Close Of Escrow: 1
Parking Spaces/Information
Total Covered Spaces: 0
Levels
One: 1
Flooring
Carpet: 1
Cooling Type
Air Conditioning: 1
Pool Description
Heated: 1
Sewer
In, Connected and Paid: 1
Water
Water District: 1
Listing Location and Property Info
APN: 508432019
Status: Closed
Listing Date: 2003-01-28
Original List Price: 3800000
Sold Price: $2,800,000
Current Price: $2,800,000
Street #: 1050
Street Direction: E
Street Name: Palm Canyon
County: Riverside
State: CA
Zip Code: 92264
Area: 334 - Palm Springs South End
Neighborhood: Deepwell Estates
Status Change Info
Status Change Date: 2004-02-04
Pending Date: 2003-11-15
Closed Date: 2004-02-03
Closed Price: 2800000
Parking SpacesInformation
Total Parking Spaces: 6
Property Features
Listing Terms: Cash
Possession: Close Of Escrow
Levels: One
Flooring: Carpet
Cooling Type: Air Conditioning
Pool Description: Heated
Sewer: In, Connected and Paid
Water: Water District
Listing Office:
Sperry Van Ness
Listing Agent:
Mike Kassinger
Last Updated: May - 13 - 2026
Information deemed reliable but not guaranteed.