$1,095,000
0.39 acres
33.8419 -116.545
FOR SALE

1380 N Indian Canyon Drive Palm Springs, CA 92262

$1,095,000
Est. Monthly $5,568 recalculate
0.39 acres
 

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CENTURY 21 Ludecke Inc.
20 East Foothill
Arcadia, CA 91006
626.­445.0123
626.­445.0123
CENTURY 21 Ludecke Inc.
20 East Foothill Arcadia, CA 91006
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1380 N Indian Canyon Drive
Palm Springs, CA 92262

Explore This Property

Multi-Family (2-4 Units) - La Casa is located in central Palm Springs and was originally built as a hotel in 1946, then converted to 8 apartments. La Casa still holds R3 zoning and is surrounded by 5 boutique hotels. Conversion back to hotel is likely or continue as apartments. Attractive unit mix between (2) studios, (3) 1 bedrooms and (3) large 2 bedroom units. This property offers value upside, passive income with light management duties and great tax benefits for the new owner. Opportunity to additionally sub-meter the gas to lean out the expenses for a higher return. Existing Gross Scheduled Income is $93,744, with existing rents being ± 10% under market value. This is Fee Simple land, no land lease.
MLS # EV17120241
Courtesy Of Regioncy Real Estate

Property Features

  • Age: Over 50 Years Old
  • Amenities: Pool
  • Architecture Style: Other
  • Cooling System: Central A/C
  • Heating System: Central Furnace
  • Lot Size: 0.39 Acres
  • Parking Type: Assigned
  • Roof Type: Unknown

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 4.75% APR
    $5,568Your estimated monthly payment
    $219,00020% Down Payment
    $1,095,000 $985,500
    purchase price loan amount
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School
    KATHERINE FINCHY ELEMENTARY SCHOOL
    Grades K-5 | Public School

    PALM SPRINGS, CA 92262
    777 E TACHEVAH DR
    760-416-8190
    0.5
    miles

    Total Students 650
    Student Teacher Ratio 22:1

    School Rating

    3 stars View School Details
    CAHUILLA ELEMENTARY SCHOOL
    Grades PRESCHOOL-5 | Public School

    PALM SPRINGS, CA 92264
    833 E MESQUITE AVE
    760-416-8161
    2.3
    miles

    Total Students 530
    Student Teacher Ratio 22:1

    School Rating

    2 stars View School Details
    Middle School
    RAYMOND CREE MIDDLE SCHOOL
    Grades 6-8 | Public School

    PALM SPRINGS, CA 92262
    1011 E VISTA CHINO
    760-416-8283
    0.5
    miles

    Total Students 858
    Student Teacher Ratio 29:1

    School Rating

    2 stars View School Details
    High School
    PALM SPRINGS HIGH SCHOOL
    Grades 9-12 | Public School

    PALM SPRINGS, CA 92262
    2401 E BARISTO RD
    760-778-0400
    2.1
    miles

    Total Students 1788
    Student Teacher Ratio 22:1

    School Rating

    3 stars View School Details
    Other Nearby Schools Distance Type Grades School Rating Parent Rating
    Creative Beginnings Montessori Center 0.9 mi Private PRESCHOOL-5
    Vista Del Monte Elementary School 0.9 mi Public PRESCHOOL-5
    Montessori Elementary School Of Palm Springs 2.2 mi Private PRESCHOOL-6
    Desert Learning Academy 2.2 mi Public 7-10
    Desert Chapel Christian School 2.3 mi Private K-12
    St Theresa School 2.4 mi Catholic PRESCHOOL-8
    Cielo Vista Charter School 3.1 mi Public K-8
    Agua Caliente Elementary School 3.3 mi Public K-5
    Rio Vista Elementary School 3.8 mi Public K-5
    Landau Elementary School 4.1 mi Public K-5
    Mt. San Jacinto High School 4.2 mi Public 11-12
    King's Schools Of The Desert 5.0 mi Private PRESCHOOL-8

    Local Area Information for Palm Springs, CA 92262

    Median Age: 50.1
    Married: 29.9%
    Number of Households: 13,302
    Households with Children: 1,856
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Copyright © 2017 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
      Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
      Sources: Maponics, LLC and Onboard Informatics ©2016. School Performance data by SchoolDigger.com. School Review data by Niche.com. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.