435 E Avenida Olancha

Palm Springs, CA 92264

$4,400,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1960

calendar_month Built

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%.

Listing Information

List Price $4,400,000
Status Active
MLS SR25023829
Type Residential Income
Subtype Mixed Use
Year Built 1960
Lot Size 16,988
Structure Size N/A
Courtesy Of Titus Realty, Inc.
Listing Agent Nerses Ananyan DRE#01320968

Interior Features

Laundry Information
Location(s) Common Area, Outside
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Laminate, Tile
Fireplace Information
Features Family Room, Kitchen
Additional Information
Additional Features Furnished, Laminate Counters, Open Floorplan, Recessed Lighting, All Bedrooms Down

Exterior Information

Other Structures
Structures Gazebo
View Yes

Maps

Listing information courtesy of: Nerses Ananyan, Titus Realty, Inc. 818-786-5511. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 1st, 2025 at 11:00 PM 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.