820 N Avenida Caballeros, Palm Springs, CA 92262

3 beds 2 baths 12,197 sq.ft.

Offerered at: $1,495,000.00

Project/Tract: Movie Colony East
County: Riverside
Year Built: 1953
Association Fees: $0.00/mo.

Property Description

Welcome to one of the most desired locations in Palm Springs with unparalleled, panoramic and unobstructed views of Ruth Hardy Park in the Movie colony, with majestic San Jacinto mountains in the background. Take a nice stroll around in the park or walk your dog. Once home to general Patton, this home is located on a large 12,197 square foot corner lot with a circular driveway with plenty of room for parking and a huge 3 car garage measuring approximately 22 x 40 feet, giving this home lots of potential to either expand on the main house living space, or is perfect for adding accessory dwelling unit with it's own kitchen and bathroom to accommodate guests in their own private guests quarters- making this home a 4 bed 3 bath house. That would make this house a great vacation rental/income property with it's prime location- you could realistically generate $100,000 per year in the high season alone. Ask your lender about an investment loan or ARV loan because this house has a lot of ARV potential. Interior features include 3 fireplaces for those cozy, chilly desert nights- pitched beam ceiling in the living room with a brand new large double pane window allowing you to see clear into Ruth Hardy Park and mountain beyond- large family kitchen that has a breakfast bar with enough room for a dining table, and sliding glass doors leading to the large front patio where you can sit with a cup of coffee or cocktail while taking in the amazing views of the park and mountains. All front windows are new and are double paned, heat resistant and UV blocking. The roof was redone 1 year ago, the front sliding glass doors are new, as well as the window in the kitchen and garage. Due to the pandemic the owners were unable to do a complete renovation, but with some love and vision this house has great potential. Comparable homes with views to the park sold for over $1000 per square foot, so here's your chance to grab this diamond in the rough and turn it into your forever home on the park. This home is mere minutes away from downtown Palm Springs with all it's wonderful restaurants, shopping and the Spa Casino. Please do not disturb occupants- there are dogs on the property. Bring a CASH offer for a more attractive price.

ESSENTIAL INFO

  • Status: Active
  • Architecture: Spanish