435 E Avenida Olancha, Palm Springs, CA 92264
-
Listed Price :
$4,400,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1960
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%.
Interior Features
| Laundry Information |
| Location(s) |
Common Area, Outside |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
435 E Avenida Olancha |
| City |
Palm Springs |
| State |
CA |
| Zip |
92264 |
| County |
Riverside |
| Listing Agent |
Nerses Ananyan DRE #01320968 |
| Courtesy Of |
Titus Realty, Inc. |
| List Price |
$4,400,000 |
| Status |
Active |
| Type |
Commercial |
| Subtype |
Special Purpose |
| Structure Size |
N/A |
| Lot Size |
16,988 |
| Year Built |
1960 |
Listing information courtesy of: Nerses Ananyan, Titus Realty, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 31st, 2025 at 3:53 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
