424 PALM CANYON Drive, Palm Springs, CA 92264
$3,375,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
16,113
Status:
Closed
Current Price:
$3,375,000
List Date:
2/01/2019
Last Modified:
5/14/2026
Description
The Iconic "Hotel California" is one of the top rated Hotels on Trip Advisor. Prime South End location between the ACE and V Hotels on E. Palm Canyon Drive. Tropical and lush landscaping with an inviting ambiance and privacy. Strong annual revenue and net income stability (2017 figures attached). All figures are based on the hotels operation with 14 rooms, 18 are approved (attached). Substantially increase revenue once the 4 additional rooms are added to the room count (Room layout & summary attached). Four buildings, Guest Lounge (optional room), office (optional room) and a convenient well stocked guest kitchen and outdoor BBQ area for guests. Relaxing water features, an inviting central Pool, Cabanas, separate spa and many outdoor sitting areas and decks with amazing San Jacinto Mountain views. The "Hotel California Palm Springs" name stays with the property. Many additional revenue opportunities with branding, additional rooms, marketing and selling name related souvenirs and gifts
More Information MLS# 19430368
Listing, Location and Property Info
Entry Date: 2019-01-01
Listing Info
Ownership Type: Corporation
Property Info
Building # of Stories: 2
Sale Type
Standard: 1
Business Info
Laundry Equipment: No
Sale or Lease: Sale
Year Established: 1942
Listing Terms
Cash: 1
Financing
Cash: 1
Asset Class
Hotel/Motel: 1
Building Features
Rec Room: 1
TV System: 1
Heating
Electric: 1
Listing Location and Property Info
APN: 508353039
Status: Closed
Listing Date: 2019-01-01
Original List Price: 3375000
Sold Price: $3,375,000
Current Price: $3,375,000
Street #: 424
Street Name: PALM CANYON
Street Suffix: Drive
County: Riverside
State: CA
Zip Code: 92264
Area: 334 - Palm Springs South End
General Property Information
SqFt Source: Other
Lot Size: 16117
Lot Acres: 0.37
Lot Size Source: Assessor
Year Built: 1942
Status Change Info
Status Change Date: 2019-01-31
Pending Date: 2019-01-01
Closed Date: 2019-01-31
Closed Price: 3375000
Property Features
Sale Type: Standard
Financing: Cash
Listing Terms: Cash
Asset Class: Hotel/Motel
Building Features: Rec Room; TV System
Heating: Electric
Listing Office:
Realty Trust
Listing Agent:
Scott Timberlake
Last Updated: May - 14 - 2026
Information deemed reliable but not guaranteed.
