588 SAN LORENZO Road, Palm Springs, CA 92264

$4,950,000
Property Type: Commercial Sale Lot Size (sq. ft.): 31,799 Status: Closed
Current Price: $4,950,000 List Date: 7/03/2019 Last Modified: 5/14/2026

Overview

Description

RSL Hotel offered in its entirety or each of the 12 Turn-Key furnished units can be sold individually. Diverse income / management opportunities: Boutique Luxury Hotel (active Hotel License), Vacation rentals, Corporate or family compound, extended stay or sober living facility. Separate 2012 electric & gas meters ,13 APN Numbers (1 for office). Rebuilt from ground up in 2012 and taken to next level in 2018 with a new resort style Pool & Spa area , 12 New Carports plus secured , gated open parking. New courtyard featuring uniquely designed spaces for each ground floor unit. High end Finishes in all units with full kitchens. Eleven 2 bedroom, 2 bath homes plus a 2100 sf 2 level Penthouse (Owners Unit) with 3 bedrooms and 3 bathrooms. Spacious front Lobby / Office. W/D in all units. Social area with outdoor kitchen, BBQ & fire pit. Water features and wrap around koi streams. Property is fully Fire Sprinklered with alarm and sound system. Exceptional surrounding Views

Listing Details MLS# 19484800

General Property Information

BuildingAreaSource
Other
Lot Size Area
31799
Lot Size Acres
0.73
Lot Size Source
Assessor
Year Built
2012
CrossStreet
Random Rd

Property Features

Sale Type: Standard Listing Terms: Cash; Conventional Asset Class: Hotel/Motel; Multi-Family; Specialty Building Features: Phone System; TV System Land Use: Multi-Family Signage: Sign Freestanding; Sign on Building Heating: Central; Combination Search Tags: Special Use Laundry: In Unit; Inside; Laundry Closet Stacked Security Safety: Automatic Gate; Carbon Monoxide Detector(s); Card/Code Access; Exterior Security Lights; Fire Sprinklers

Listing Location and Property Info

Parcel Number
508193001
Listing Contract Date
2019-01-01
Original List Price
4950000
Street #
588
Street Name
SAN LORENZO
Street Suffix
Road
County
Riverside
State
CA
Postal Code
92264
MLS Area
334 - Palm Springs South End

Listing Info

Ownership Type
LLC

Property Info

# Units
13

Status Change Info

StatusChangeDate
2019-07-01
Purchase Contract Date
2019-01-17
Close Date
2019-07-01
Close Price
4950000

More Information

Business Info

Lease Type
Other
Sale or Lease
Sale
Year Established
2012
Laundry Equipment
Yes

Lot Features

Sprinkler System
Yes

Heating

Natural Gas
Yes
Listing Office: Realty Trust
Listing Agent: Luca Volpe
Last Updated: May - 14 - 2026
Information deemed reliable but not guaranteed.
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