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520 Chuckwalla Rd 6 Unit Apartment Building $1,595,000 ($265,833/Unit) Palm Springs, CA 92262
Executive Summary
Behind privacy walls in the heart of Palm Springs sits a true rarity: an active, licensed hotel property offering turnkey income from day one. This Spanish-style estate unfolds across 20,909 sq ft, its lush courtyard framed by palms and unobstructed mountain views. Six beautifully appointed suites offer 6 bedrooms and 6 baths, flowing effortlessly between private retreats and shared spaces built for entertaining, anchored by a saltwater pool, spa, fire pit, and an outdoor granite kitchen made for long evenings under the stars. Designer furnishings, gas fireplaces, and fully updated bathrooms, elevate every detail, while owned solar keeps the numbers working in your favor. Nine on-site parking spaces support a seamless short-term rental operation, and two additional vacant lots under the same parcel number open the door to future expansion. Moments from downtown's best dining and nightlife, this is a rare chance to own a fully operational hospitality asset with income potential from day one.
Property Facts
| Price | $1,595,000 | Building Class | C |
| Price Per Unit | $265,833 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 2,400 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1935 |
| Property Subtype | Apartment | Parking Ratio | 3.75/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R2 | ||
| Price | $1,595,000 |
| Price Per Unit | $265,833 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 2,400 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1935 |
| Parking Ratio | 3.75/1,000 SF |
| Zoning | R2 |
Amenities
Unit Amenities
- Fireplace
Site Amenities
- Fenced Lot
- Pool
- Gated
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 507-023-018 | Improvements Assessment | $171,530 |
| Land Assessment | $754,613 | Total Assessment | $926,143 |
Property Taxes
Parcel Number
507-023-018
Land Assessment
$754,613
Improvements Assessment
$171,530
Total Assessment
$926,143
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520 Chuckwalla Rd