435 E Avenida Olancha Active Save Request In-Person Tour Request Virtual Tour
Palm Springs,CA 92264
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $1,111
Subdivision Tahquitz River Estates
MLS Listing ID SR25023829MR
Bedrooms 9
Year Built 1960
Lot Size 0.390 Acres
Property Sub-Type Multi-Family
Property Description
9-unit luxury boutique hotel located in an upscale residential area 1.5 miles from down town Palm Springs. After 10 years of successful operation owner is retiring. Currently the hotel is being run by employees with minimal owner interference. Completely updated. No deferred maintenance. No advertising. Minimal social media presence. Mostly referrals and return guests. One of the highest overall rated hotels in the country through all media platforms, including Google, Yelp, Expedia, Booking, TripAdvisor, etc. All the ratings are organic and travelers felt compelled to express their satisfaction without being asked for it. ***Offered at $4,400,000, *** SGI $556,500, ***NOI $297,437, ***CAP 6.76%.
Location
State CA
County Riverside
Area Palm Springs South End
Zoning R2
Rooms
Other Rooms Gazebo
Interior
Heating Central
Fireplaces Type Family Room, Kitchen
Laundry Community, Laundry Area, Outside
Exterior
Parking Features Carport
Garage Spaces 26.0
Pool Gunite, Heated, In Ground, Private
Community Features Foothills, Mountainous, Sidewalks
View Y/N Yes
Roof Type Shingle
Building
Story 1
Sewer Private Sewer
Water Public
Others
Special Listing Condition Standard
Virtual Tour https://www.littleparadisehotel.com/