NOT LISTED FOR SALE

1930 S Camino Real Palm Springs, CA 92264

17 Beds
17 Baths
11,000 Sq Ft
0.67 Acres

Last Sold April 07, 2017

Last sale price $1,900,000 $173 Per Sq Ft

74 Days on Market

About This Home

As of April 2017

Twin Palms Resort is located in one of the most desirable areas of South Palm Springs. Twin Palms Resort is a 15 unit Hotel. 12 spacious 1 bedroom suites, 2 Spacious 2 bedroom 2 bath suites.--one with a fireplace and extra sitting room, and 1 Large studio. The GROOVY architecture of the building offers a true Palm Springs feel with ENORMOUS potential with the right vision.The pool and spa have recently been replastered. They are Large and can accomodate Big Parties. This hotel has had several upgrades. The most notable being a state of the art high output solar system to reduce the cost for electricity to almost zero and help heat the pool. The HVAC systems,roofs,pool and spa have also been renewed.

Last Agent to Sell the Property

Richard Martin

Richard Martin Realty License #01212139 Listed on: 08/17/2016

Last Buyer's Agent

NonMember AgentDefault

NonMember OfficeDefault

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$51,852

Year Built

1959

Lot Details

0

Listing Details

  • Active Date: 2016-10-16
  • Building Size: 11000.0
  • Driving Directions: South Palm Canyon just North of La Vern
  • Full Street Address: 1930 S CAMINO REAL
  • Primary Object Modification Timestamp: 2017-04-07
  • Total Number of Units: 15
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0
  • Year Built: 1959

Interior Features

  • Appliances: Range
  • Additional Land Available: 1.00
  • Advertising Remarks: Twin Palms Resort is located in one of the most desirable areas of South Palm Springs. Twin Palms Resort is a 15 unit Hotel. 12 spacious 1 bedroom suites and 2 Spacious 2 bedroom 2 bath suites.--one with a fireplace and extra sitting room. The GROOVY ar
  • Assessed Improvement Value: 800000.00
  • Assessed Land Value: 325000.00
  • Total Bedrooms: 17
  • Builders Tract Code: 7020
  • Builders Tract Name: TWIN PALMS
  • Annual Expense: 1.00
  • Gross Rent Multiplier: 1.00
  • Net Operating Income: 1.00
  • Number Of Buildings: 2
  • Appliances: Dryer, Refrigerator, Vented Exhaust Fan, Washer
  • Pool: No

Exterior Features

  • View: No
  • Lot Size Sq Ft: 29224

Garage/Parking

  • Parking Features: Driveway
  • Parking Spaces Total: 17

Utilities

  • Cooling Type: Air Conditioning
  • Heating Type: Central Furnace

Condo/Co-op/Association

  • HOA: No

Multi Family

  • Gross Operating Income: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2021
Sold by
1930 Twin Palms Llc
Bought by
Twin Palms Resorts Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,754,000
Outstanding Balance
$4,322,858
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 17, 2019
Sold by
1930 Twin Palms Llc
Bought by
1930 Twin Palms Llc

Purchase Details

Closed on
Jun 23, 2017
Sold by
Majac Lp
Bought by
1930 Twin Palms Llc

Purchase Details

Listed on
Aug 17, 2016
Closed on
Mar 30, 2017
Sold by
Carroll John O and Milani David J
Bought by
Majac Lp
Seller's Agent
Richard Martin
Richard Martin Realty
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$1,900,000
Sold Price
$1,900,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,760,000
Interest Rate
4.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 4, 2003
Sold by
Brentwood Cooperative
Bought by
Ocarroll John and Milani David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.06%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 9, 1994
Sold by
Wall Charles and Wall Laura
Bought by
Wall Charles and Wall Laura

Purchase Details

Closed on
Dec 23, 1993
Sold by
Keller Eugene W
Bought by
Keller Eugene W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Twin Palms Resorts Llc $4,000,000 Stewart Title Guaranty Co
1930 Twin Palms Llc -- Accommodation
1930 Twin Palms Llc -- None Available
Majac Lp $1,900,000 Old Republic Title Company
Ocarroll John $1,300,000 Old Republic Title Company
Wall Charles -- --
Keller Eugene W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Twin Palms Resorts Llc $4,754,000
Previous Owner Majac Lp $4,760,000
Previous Owner Ocarroll John $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2017 04/07/17 Sold $1,900,000 0.0% $173 / Sq Ft
08/17/2016 08/17/16 For Sale $1,900,000 -- $173 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $51,852 $3,725,192 $721,621 $3,003,571
2023 $51,852 $3,572,040 $693,600 $2,878,440
2022 $58,440 $4,000,000 $680,000 $3,320,000
2021 $32,037 $1,958,077 $489,519 $1,468,558
2020 $30,775 $1,938,000 $484,500 $1,453,500
2019 $31,306 $1,976,760 $494,190 $1,482,570
2018 $30,609 $2,117,196 $484,500 $1,632,696
2017 $21,084 $1,346,250 $420,000 $926,250
2016 $20,129 $1,281,250 $400,000 $881,250
2015 $17,550 $1,130,229 $325,000 $805,229
2014 $16,351 $1,052,873 $300,000 $752,873
Source: Public Records

Agents Affiliated with this Home

  • Richard Martin

    Seller's Agent in 2017

    Richard Martin

    Richard Martin Realty

    (760) 416-7777

    26 Total Sales

    Richard Martin
    Section Image

  • N

    Buyer's Agent in 2017

    NonMember AgentDefault

    NonMember OfficeDefault

See All Agents

Map

Source: The MLS

MLS Number: 16-153810PS

The MLS

APN: 511-141-008

California Riverside County Palm Springs 92264

1930 S Camino Real, Palm Springs, CA

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes