Homes for sale - 435 E Avenida Olancha, Palm Springs, CA 92264

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The Warburton Team Brokered By EXp

The Warburton Team

andreww@gowpnow.com +1(626) 630-2141

$4,400,000

Est. payment - /mo

0.39 Acres Lot

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UPDATED:

01/30/2025 01:57 PM

Key Details

Property Type Commercial

Sub Type Special Purpose

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25021792

HOA Y/N No

Year Built 1960

Lot Size 0.390 Acres

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

Interior

Heating Central

Fireplace No

Laundry Common Area, Outside

Exterior

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

Roof Type Shingle

Total Parking Spaces 13

Building

Lot Description 6-10 Units/Acre, Sprinkler System

Story 1

Water Public

Others

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

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Listed by Nerses Ananyan • Titus Realty, Inc. • 818-786-5511

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