350 W Chino Canyon Rd - Hospitality FOR SALE
Palm Springs, CA 92262 |
350 W Chino Canyon Rd
Palm Springs, CA 92262
HIGHLIGHTS
- Tuscany Manor presents a chance to have fractional ownership in a prestigious Palm Springs boutique apartment complex with a $1.5-$2MM buy-in.
- Now undergoing a conversion to multifamily, this property showcases community amenities such as a saltwater pool, Zen garden, and lush fruit trees.
- Investment opportunity with multiple options for capital, such as $2 million per investor for 33% share or two investors at $3 million.
- 350 W Chino Canyon Road sits on a 1.23-acre lot zoned for multifamily and provides ample parking, on-site laundry facilities, and a leasing office.
- Midcentury complex with 25 (one- to two-bedroom) apartment-style suites totaling 39 bedrooms, full-size kitchens, dining, and living rooms.
- Nestled two hours southeast of Los Angeles, Palm Springs is known as a getaway for celebrities and a strong tourism destination.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
STATUS
Converted
BUILDING DETAILS
PROPERTY NAME
Tuscany Manor
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
18496
STORIES
1
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1956
PARKING SPACES
27
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
RGA
APN/PARCEL ID
504-300-011
