435 E Avenida Olancha
Palm Springs, CA, 92264
$4,400,000
Beds
0 Baths
SqFt
0.39 Acres
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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

Price:
$4,400,000
MLS #:
SR25023829
Status:
Active
Baths:
0
Address:
435 E Avenida Olancha
Type:
Residential Income
Subtype:
Commercial/Residential
Subdivision:
Tahquitz River Estates 33510
Neighborhood:
334southendpalmsprings
City:
Palm Springs
Listed Date:
Jan 31, 2025
State:
CA
ZIP:
92264
Lot Size:
16,988 sqft / 0.39 acres (approx)
Year Built:
1960
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Schools

Interior

Fireplace Features
Family Room, Kitchen
Flooring
Laminate, Tile
Heating
Central
Interior Features
Formica Counters, Furnished, Open Floorplan, Recessed Lighting

Exterior

Community Features
Foothills, Mountainous, Sidewalks
Foundation Details
Concrete Perimeter
Garage Spaces
13.00
Lot Features
6-10 Units/ Acre, Lot 10000-19999 Sqft, Sprinkler System
Parking Features
Carport
Parking Spots
26.00
Pool Features
Private, Gunite, Heated, In Ground
Roof
Shingle
Sewer
Private Sewer
Stories Total
1
View
See Remarks
Water Source
Public

Financial

Tenant Pays
None
Utilities
Natural Gas Connected, See Remarks, Sewer Connected, Water Connected

Map

Community

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435 E Avenida Olancha
Palm Springs, CA