$5,000,000
- Beds
- Unknown
- sq ft
- Unknown
435 E Avenida Olancha, Palm Springs, CA 92264
435 E Avenida Olancha
Palm Springs, CA 92264
- 20 days on market
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%.
Details
Property type
Mixed Use
Lot size
0.39 acres
Price per sq ft
Unknown
Year built
1960
Price History
02/16/2025
CRMLS #SR25023829
Price change
$5,000,000
+13.64%
02/01/2025
CRMLS #SR25023829
Listed
$4,400,000
Schools & Community
Neighborhood:
Tahquitz River Estates
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Sidewalks
Community features:
Sidewalks
Status: Active
Tomo last checked: 02/22/2025 at 6:40 AM
Listing updated: 02/16/2025 at 3:19 PM
Listed by: Nerses Ananyan, Nerses Ananyan, Titus Realty, Inc.Titus Realty, Inc. Phone #: (818) 786-5511
MLS: CRMLS #SR25023829
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