$995,000
For Sale

12543 AVENIDA ALTA LOMA

Desert Hot Springs, CA 92240
2880 sqft | 5 beds | 3 baths | #22170364
Courtesy of Premier Realty Associates
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Description

Currently generating $11,000 monthly income, during this summer off-season, via Airbnb, and already booked at $18,000 monthly income for the winter season, an amazing 10% cap rate!! Art meets living in this absolutely gorgeous, totally rehabbed, Mid-century modern, converted mansion! Built in 1957 by German Architect J. B. Merzenich, this was originally a bed and breakfast hotel frequented by desert-driven travellers. Situated on over an acre and a half of land, this enormous, yet secluded, 5 bedroom, 3 bath house has been renovated & modernized inside and out- completely.The house has since been redesigned into a two unit dwelling, each hosting modern kitchens, newly tiled and plumbed bathrooms, naturally lit bedrooms blessed with natural views, separate & private entrances for each unit, and designated parking areas for up to a dozen vehicles. The first unit, on the north side, features a completely modern kitchen with all new appliances, Jack and Jill bathroom for guests and the second bedroom. A fireplace heats the living room whose huge windows features glorious views of the Coachella Valley- windmills, sunset, and all. The master bedroom here has a walk-in closet leading to a double vanity, bath tub and shower. The second unit begins with an open floor plan beset with living room, kitchen, and dining sharing a wide open space. By the bathroom, two bedrooms are situated side by side. Going past the kitchen, a huge bonus room bedroom is also found, with sliding glass doors leading out to the patio and pathway to the pool area. The entire property is strengthened by brand new electrical, plumbing, mini-split air conditioning system, windows, doors, lighting, and fully furnished for an easy move-in, or totally set up for a short-term rental business. In the back patio, come party by the huge 9 foot deep pool, completely revamped with reset plaster, tile, concrete and all new equipment. Besides the pool; a hot tub, connected to natural Desert Hot Springs aquifer waters, via offsite water-well, also fully modernized with new tile, plaster. Both hot tub and pool are heated, both with equipment and an over-head solar heating system. Watch the sunset out doors with rustic fire pit and log-benches. Hiking trails lead out from the back of the property up into the Long Canyon Trailhead, which leads into the Big Foot Trail, eventually landing in Joshua Tree National Park. Property has been professionally surveyed with all lot lines marked. Own a piece of architectural history, yet with all of the features one would expect with a brand new build.
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  • Interior Details
    • Beds & Baths
      • Bedrooms:5
      • Bathrooms:3
      • Full Baths:3
    • Interior Features
      • Interior:Furnished, HighCeilings, OpenFloorplan, Storage, JackandJillBath, MultipleMasterSuites
  • Property Details
    • Property
      • View:CityLights, Desert, Mountains, Panoramic, Valley
      • Stories:1
      • Lot description:IrregularLot, Secluded, Yard
    • Measurements
      • Acres:1.59
      • Square Feet:2880
  • Construction Details
    • Type & Style
      • Property type:Purchase
    • Condition
      • Year built:1957
    • Material information
      • Foundation:Slab
  • Utilities / Energy Details
    • Utility
      • Sewer information:SepticTypeUnknown
      • Utility source:Private, Well
  • Community and Neighborhood Details
    • Location
      • County:Riverside
  • Financial Details
    • Pricing Details
      • Original List Price:$1, 200, 000
      • Selling Office Commission:2.500
  • Other
    • Source
      • MLS #:22170364

Location

Patricia HamadaReal Estate Group
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