711 S RIVERSIDE Drive, Palm Springs, CA 92264
Property · 2 recorded sales since 2014
Sold October 2016
Listing Agent: Valerie Fitzgerald (DRE #00974075) · Listing Office: Coldwell Banker Residential Br · Contact: 310-777-6200 · Bought with: Valerie Fitzgerald · Coldwell Banker Residential Br · MLS #16143668 · Source: CRMLS
About this property
Zoned R3 & currently in process of hotel conversion. The Wesley Palm Springs is meticulously maintained w/ modern updates while adhering to it's Mid Century aesthetic. The grounds include a lush desert landscape, cabana sitting areas, pool, spa, outdoor living room & fire dining table, outdoor kitchen, & laundry facilities. Centrally located in a private/serene environment within walking or biking distance of all the best Palm Springs restaurants & shopping. The Wesley is carefully curated for the ideal Palm Springs guest experience & features resort class amenities for the modern savvy traveler. Made up of 10 flats ranging from deluxe studios to 2 bd, 2 bath, all flats feature private & lush garden patios to take in your morning ritual or to escape the late day warmth, cocktail in hand. Individual private patios w/ gas grills allow guests to enjoy outdoor dining at it's best. Cap rate of over 10% in it's first year with significant growth potential.
Listing description from the October 2016 sale, as reported to CRMLS.
Sale history
