435 E Avenida Olancha
Palm Springs, CA 92264
0.39 acres | #SR25023829
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%.
Property Details
- InteriorFurnished, LaminateCounters, OpenFloorplan, RecessedLighting, AllBedroomsDown
- Utility FeaturesNaturalGasConnected, SewerConnected, SeeRemarks, WaterConnected
- Lot DescriptionSixToTenUnitsAcre, SprinklerSystem
- SubdivisionTahquitz River Estates (33510)
- FoundationConcretePerimeter
- Property TypeMulti-Family
- Sewer InformationPrivateSewer
- Original List Price$4,400,000
- MLS #SR25023829
- MLS #SR25023829
- CountyRiverside
- Property SubtypeMixedUse
- Cost4400000
- Utility SourcePublic
- Acres0.39
- Year Built1960
- Parking Spaces13
- Stories1
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Nerses Ananyan (#F207013796)
Listing Office: Titus Realty, Inc. (#F8673001)
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