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711 S Riverside Dr, Palm Springs, CA 92264
$2,250,000
711 S Riverside Dr, Palm Springs, CA 92264View this property at 711 S Riverside Dr, Palm Springs, CA 92264
711 S Riverside DrPalm SpringsCA92264
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Property Description
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.
Full Property Details
Full Property Details for 711 S Riverside Dr
General
- Sold For: $2,250,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 16-143668
- Added to Site: 2, 865 day(s) ago
Interior
- Interior Features: Other
Location
- County: Riverside
- Driving Directions: Head south on S. Palm Canyon, turn left on E mesquite avenue, and take your first left on riverside dr.
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Structural Information
- # Buildings: 1
- Year Built: 1955
Lot Features
- Lot Size (Sq. Ft.): 12,696
- Zoning: R3
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Schools
Schools serving 711 S Riverside Dr
School District:Palm Springs Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
833 E Mesquite Ave, Palm Springs, CA 92264 | K-5 | 0.2 mi | |
1011 E Vista Chino, Palm Springs, CA 92262 | 6-8 | 2.4 mi | |
2401 E Baristo Rd, Palm Springs, CA 92262 | 9-12 | 1.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 711 S Riverside Dr
Date
Details
Price
Change
Source
10/28/2016
Sold
$2,250,000
-1.96%
MLS
7/07/2016
Listed
$2,295,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
711 S Riverside Dr, Palm Springs, CA 92264 (MLS# 16-143668) is a Multi-Family property that was sold at $2,250,000 on October 28, 2016. This property was listed by Valerie Fitzgerald from our Beverly Hills Office.Want to learn more about 711 S Riverside Dr? Do you have questions about finding other Multi-Family real estate for sale in Palm Springs? You can browse all Palm Springs real estate or contact a Coldwell Banker agent to request more information.