Active
435 E Avenida Olancha
PALM SPRINGS CA, 92264
$5,000,000
$1,111.11 per sqft
Active
9 Beds
4,500 sqft
Multi-family
Built in 1960
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%.
SR25023829MR
MLSⓇ ID
January 31, 2025
Listed
February 17, 2025
Updated
Interior Features
Total Stories
1
Bedrooms
9
Laundry Description
Community, Laundry Area, Outside
Fireplace
Yes
Fireplace Description
Family Room, Kitchen
Cooling
No
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.39 Acres
Roof
Shingle
Sewer
Private Sewer
Other Property Details
Area Name
Palm Springs South End
Days on Market
15
Garage
Yes
Garage Spaces
13
Parking
Carport
Parking Total
26
View
Yes
County
Riverside
Water Source
Public
Pool
Yes
Pool Features
Gunite, Heated, In Ground, Private
Zoning
R2
Listing History
Date | Event | Price |
|---|---|---|
2/16/2025 | Price change | $5,000,000 13% |
Listed by Nerses Ananyan with Titus Realty, Inc.
Listing Contact: 818-786-5511
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©2025 Combined L.A./Westside MLS. All rights reserved.
Data last updated 2/17/2025
