NOT LISTED FOR SALE

354 E Stevens Rd Palm Springs, CA 92262

Estimated Value: $2,101,992

12 Beds
12 Baths
5,432 Sq Ft
$387/Sq Ft Est. Value

Last Sold May 23, 2023

Last sale price $2,200,000 $405 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $13,627/month

57 Days on Market

Highlights

  • In Ground Pool
  • Mountain View
  • Guest Parking
  • Palm Springs High School Rated A-
  • 24 Hour Access
  • 1-Story Property

About This Home

As of May 2023

Now offering an amazing opportunity to own an established boutique hotel business in the vibrant Palm Springs market! Completely remodeled in 2021, the Cheetah Hotel offers a unique design style of mid century modern meets retro cheetah chic! With its cheetah print wallpaper, bedding, and furniture, this amazingly unique experience will be sure to wow any guest! With 12 large rooms, kitchens/kitchenettes, and an amazing outdoor pool area, this boutique hotel makes for a resort-style setting giving way to amazing mountain views! Just a few short minutes from Downtown Palm Springs, don't miss your chance to own this one-of-a-kind boutique hotel with strong financials!

Last Agent to Sell the Property

Adam Gilbert

The Firm Brokerage License #01914157 Listed on: 01/02/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,265

Year Built

  • Built in 1954

Lot Details

  • 0.42

Interior Spaces

  • 5,432 Sq Ft Home
  • 1-Story Property
  • Mountain Views

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Full Bathrooms

Parking

  • 12 Car Parking Spaces
  • 12 Parking Garage Spaces
  • Guest Parking
  • Unassigned Parking

Pool

  • In Ground Pool
  • Outdoor Pool
  • In Ground Spa

Additional Features

  • 0.42 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 507030014

Community Details

Overview

  • 12 Units
  • El Mirador Subdivision

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Security

  • 24 Hour Access

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,265

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Attached/Detached: No
  • Levels: One
  • List Price per Sq Ft: 414.21
  • Lp Sp Ratio: 0.9800
  • View Type: Mountain(s)
  • Year Built: 1954
  • Internal Listing I D: 20230103002941298989000000
  • Listing I D: 219088804
  • Listing Member Address: 431 S Palm Canyon Drive, Suite 206, Palm Springs, CA 92262
  • Listing Office Address: 431 S Palm Canyon Drive, Suite 206, Palm Springs, CA 92262
  • List Office Board Code: Palm Springs Association of Realtors
  • Selling Member Address: 435 North Palm Canyon, Palm Springs, CA 92262
  • Selling Member Fax: (949) 877-2630
  • Selling Office Address: 435 North Palm Canyon, Palm Springs, CA 92262
  • Selling Office Fax: (760) 322-9266
  • Street Direction: E
  • Land Type: Fee
  • Subdivision: El Mirador
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 12
  • Total Bathrooms: 12.00
  • Full Bathrooms: 12
  • Estimated Sq Ft: 5432.00

Exterior Features

  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: Private
  • Pool Location: Private
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Private
  • View: Yes

Garage/Parking

  • Parking: Guest, Unassigned
  • Parking Info Total Parking Spaces: 12.00
  • Total Uncovered Assigned Spaces: 12.00

Utilities

  • Number Electric Meters: 1
  • Number Water Meters: 1
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Security: 24 Hour Security
  • Sewer: In, Connected and Paid
  • Number Gas Meter: 1

Lot Info

  • Assessor Parcel Number: 507030014
  • Lot Size: 18295.00

Rental Info

  • Land Lease Type: Fee Simple

Multi Family

  • Total Units: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2023
Closed on
May 15, 2023
Sold by
354 East Stevens Llc
Bought by
Laberge Annick
Seller's Agent
Adam Gilbert
The Firm Brokerage
List Price
$2,750,000
Sold Price
$2,200,000
Premium/Discount to List
-$550,000
-20%
Current Estimated Value
$2,101,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$98,008
Avg. Annual Appreciation
-1.90%
Original Mortgage
$1,350,000
Outstanding Balance
$1,311,703
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$790,289

Purchase Details

Listed on
Jul 6, 2021
Closed on
Sep 21, 2021
Sold by
Avanti Hotel Llc
Bought by
354 East Stevens Llc
Seller's Agent
Panayot Tomov
Storyliving By Disney Realty
Buyer's Agent
Adam Gilbert
The Firm Brokerage
List Price
$1,988,000
Sold Price
$2,000,000
Premium/Discount to List
$12,000
0.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.02%

Purchase Details

Closed on
Apr 22, 2012
Sold by
Yellow Dunes Llc
Bought by
Avanti Hotel Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 24, 2009
Sold by
Weir John
Bought by
Yellow Dunes Llc

Purchase Details

Closed on
Apr 27, 2007
Sold by
Ss Funding Inc
Bought by
Chami Dimitri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$602,000
Interest Rate
6.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 21, 2006
Sold by
Bomaster Jeffrey S and Elmore Christopher J
Bought by
Ss Funding Inc

Purchase Details

Closed on
Dec 9, 2004
Sold by
Tiki Resorts Inc
Bought by
Bomaster Jeffrey S and Elmore Chistopher J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$805,000
Interest Rate
5.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 5, 2001
Sold by
Indianola Partnership
Bought by
Tiki Resorts Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,000
Interest Rate
6.58%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 29, 1999
Sold by
Mary Beitzel
Bought by
Indianola Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
7.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 4, 1994
Sold by
Bescos Paul
Bought by
Beitzel Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
8.5%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Laberge Annick $2,200,000 None Listed On Document
354 East Stevens Llc $1,900,000 Equity Title
Avanti Hotel Llc $1,050,000 Fidelity Natl Title Ins Co
Yellow Dunes Llc -- Orange Coast Title Co
Weir John $1,009,090 Orange Coast Title Co
Chami Dimitri $860,000 Landamerica Southland Title
Ss Funding Inc $100,000 None Available
Bomaster Jeffrey S $1,215,000 Commonwealth Land Title Co
Tiki Resorts Inc $635,000 First American Title Co
Indianola Partnership $385,000 First American Title Co
Beitzel Mary $230,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laberge Annick $1,350,000
Previous Owner Avanti Hotel Llc $800,000
Previous Owner Chami Dimitri $602,000
Previous Owner Bomaster Jeffrey S $805,000
Previous Owner Tiki Resorts Inc $349,000
Previous Owner Indianola Partnership $308,000
Previous Owner Beitzel Mary $85,000
Closed Beitzel Mary $15,000
Closed Tiki Resorts Inc $135,750
Closed Bomaster Jeffrey S $172,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/23/2023 05/23/23 Sold $2,200,000 -12.0% $405 / Sq Ft
02/28/2023 02/28/23 Pending -- -- --
01/24/2023 01/24/23 Price Changed $2,500,000 -9.1% $460 / Sq Ft
01/02/2023 01/02/23 For Sale $2,750,000 +37.5% $506 / Sq Ft
10/06/2021 10/06/21 Sold $2,000,000 +0.6% $368 / Sq Ft View Prior Sale
08/26/2021 08/26/21 Pending -- -- --
08/15/2021 08/15/21 For Sale $1,988,000 0.0% $366 / Sq Ft
07/13/2021 07/13/21 Pending -- -- --
07/06/2021 07/06/21 For Sale $1,988,000 -- $366 / Sq Ft
Source: Greater Palm Springs Multiple Listing Service

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 $29,265 $2,288,880 $832,320 $1,456,560
2023 $29,265 $2,244,000 $816,000 $1,428,000
2022 $30,772 $2,200,000 $800,000 $1,400,000
2021 $16,196 $1,102,372 $464,157 $638,215
2020 $15,538 $1,091,069 $459,398 $631,671
2019 $14,676 $1,069,677 $450,391 $619,286
2018 $15,040 $1,048,704 $441,560 $607,144
2017 $14,843 $1,028,142 $432,902 $595,240
2016 $14,455 $1,007,983 $424,414 $583,569
2015 $13,799 $992,844 $418,040 $574,804
2014 $13,512 $973,398 $409,852 $563,546
Source: Public Records

Agents Affiliated with this Home

  • Adam Gilbert

    Seller's Agent in 2023

    Adam Gilbert

    The Firm Brokerage

    (760) 327-1285

    69 Total Sales

    Adam Gilbert
    Section Image
  • Panayot Tomov

    Seller's Agent in 2021

    Panayot Tomov

    Storyliving By Disney Realty

    (760) 238-3530

    24 Total Sales

    Panayot Tomov
    Section Image

  • M

    Seller Co-Listing Agent in 2021

    Michael Romberg

    Coldwell Banker Residential Referral Network

    Section Image
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Map

Source: Greater Palm Springs Multiple Listing Service

MLS Number: 219088804

Greater Palm Springs Multiple Listing Service

APN: 507-030-014

California Riverside County Palm Springs 92262

354 E Stevens Rd, Palm Springs, CA

This home is located at 354 E Stevens Rd, Palm Springs, CA 92262 since 02 January 2023 and is currently estimated at $2,101,992, approximately $386 per square foot. This property was built in 1954. 354 E Stevens Rd is a home located in Riverside County with nearby schools including Katherine Finchy Elementary School, Raymond Cree Middle School, and Palm Springs High School.

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.

Greater Palm Springs Multiple Listing Service 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.

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