Palm Springs, CA 92264,435 E Avenida Olancha
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Palm Springs, CA 92264,435 E Avenida Olancha
Palm Springs, CA 92264,435 E Avenida Olancha
Palm Springs, CA 92264,435 E Avenida Olancha
Palm Springs, CA 92264,435 E Avenida Olancha
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435 E Avenida Olancha Palm Springs, CA 92264

0.39 Acres Lot


UPDATED:

02/16/2025 11:15 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Tahquitz River Estates (33510)

MLS Listing ID SR25023829

HOA Y/N No

Year Built 1960

Lot Size 0.390 Acres

Property Sub-Type Mixed Use

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 334 - South End Palm Springs

Zoning R2

Rooms

Other Rooms Gazebo

Interior

Interior Features Furnished, Laminate Counters, Open Floorplan, Recessed Lighting, All Bedrooms Down

Heating Central

Flooring Laminate, Tile

Fireplaces Type Family Room, Kitchen

Fireplace Yes

Laundry Common Area, Outside

Exterior

Parking Features Carport

Garage Spaces 13.0

Garage Description 13.0

Pool Gunite, Heated, In Ground, Private

Community Features Foothills, Mountainous, Sidewalks

Utilities Available Natural Gas Connected, Sewer Connected, See Remarks, Water Connected

View Y/N Yes

Roof Type Shingle

Total Parking Spaces 26

Private Pool Yes

Building

Lot Description 6-10 Units/Acre, Sprinkler System

Story 1

Entry Level One

Foundation Concrete Perimeter

Sewer Private Sewer

Water Public

Level or Stories One

Additional Building Gazebo

New Construction No

Others

Senior Community No

Tax ID 508353019

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by Nerses Ananyan • Titus Realty, Inc. • 818-786-5511
agent

Kevin Schoep

Agent | License ID: 02210441

+1(760) 586-0539

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435 E Avenida Olancha