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435 Avenida Olancha, Palm Springs, CA 92264
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435 Avenida Olancha
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  • MLS#: SR25021792 ( Specialty )
  • Street Address: 435 Avenida Olancha
  • Viewed: 2
  • Price: $4,400,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1960
  • Bldg sqft: 0
  • Days On Market: 175
  • Additional Information
  • County: RIVERSIDE
  • City: Palm Springs
  • Zipcode: 92264
  • Provided by: Titus Realty, Inc.
  • Contact: Nerses Nerses
  • California Regional MLS IDX
  • DMCA Notice
  • 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%.
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Features
Building Area Total
  1. 4500.00
Commoninterest
  1. None
Country
  1. US
Electric Expense
  1. 28808.00
Heating
  1. Central
Insurance Expense
  1. 6700.00
Laundry Features
  1. Common Area
  2. Community
  3. Outside
Netoperatingincome
  1. 297437.00
Parcel Number
  1. 508353019
Postalcodeplus4
  1. 8488
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Specialty
Roof
  1. Shingle
Totalexpenses
  1. 259063.00
Trash Expense
  1. 0.00
Uncovered Spaces
  1. 13.00
Utilities
  1. Natural Gas Connected
  2. See Remarks
  3. Sewer Connected
  4. Water Connected
Virtual Tour Url
  1. http://www.littleparadisehotel.com/
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1960
Year Built Source
  1. Assessor