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435 E Avenida Olancha

Palm Springs, CA 92264
  • $4,250,000
  • STATUS: Active
  • ON SITE: 12 Days
  • ID#: SR22203929
Price Reduced
$4,250,000
  • 0
    BEDS
  • 0.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Description

!!! PRICE REDUCTION!!! 9-unit luxury boutique hotel located in an upscale residential area 1.5 miles from down town Palm Springs. Every once in a while, an exceptional property comes along that a savvy investor will recognize as solid investment opportunity. Little Paradise Hotel consists of 9 guest rooms and the in-keeper suite. Close to 1 million dollars was spent in 2014-2015 to transform the former "Queen of Hearts to an absolute gem it is today. . In 2020, while closed due to Covid-19 restrictions, it underwent major facelift. Post Covid recovery has exceeded expectations. ***Offered at $4,250,000, *** SGI $637,450, ***NOI $334,033, ***CAP 8.24%.

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Based on information from CRISNet MLS as of 2022-09-29T23:56:36.88. 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2022-09-29T23:56:36.88. 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.
www.searchhomesincalifornia.com/homes/133191998
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435 E Avenida Olancha Palm Springs, CA 92264

  • Price: $4,250,000
  • Status: Active
  • On Site: 12 Days
  • ID#: SR22203929
0
Beds
0
Baths
0
½ Baths
0.39
Acres
1960
Built
Neighborhood:
Tahquitz River Estates (33510)
County:
Riverside
Area:
334 - South End Palm Springs
Property Description
!!! PRICE REDUCTION!!! 9-unit luxury boutique hotel located in an upscale residential area 1.5 miles from down town Palm Springs. Every once in a while, an exceptional property comes along that a savvy investor will recognize as solid investment opportunity. Little Paradise Hotel consists of 9 guest rooms and the in-keeper suite. Close to 1 million dollars was spent in 2014-2015 to transform the former "Queen of Hearts to an absolute gem it is today. . In 2020, while closed due to Covid-19 restrictions, it underwent major facelift. Post Covid recovery has exceeded expectations. ***Offered at $4,250,000, *** SGI $637,450, ***NOI $334,033, ***CAP 8.24%.
Exterior Features

Foundation Details Concrete Perimeter Levels One Lot Features 6-10 Units/AcreLot 10000-19999 SqftSprinkler System Lot Size Area 16988.0000 Other Structures Gazebo Parking Features Carport Parking Total 26.00 Parking YN Yes Roof Shingle Uncovered Spaces 13.00 View See Remarks View YN Yes

Interior Features

Common Walls 2+ Common Walls Fireplace Features Family RoomKitchen Fireplace YN Yes Flooring LaminateTile Heating Central Heating YN Yes Interior Features Formica CountersFurnishedOpen FloorplanRecessed Lighting Laundry Features Common AreaCommunityOutside Laundry YN Yes Room Type All Bedrooms DownKitchen

Property Features

Additional Parcels YN No Community Features FoothillsMountainousSidewalks Land Lease YN No New Construction YN No Pool Features PrivateGuniteHeatedIn Ground Pool Private YN Yes Property Attached YN Yes Senior Community YN No Sewer Private Sewer Special Listing Conditions Standard Subdivision Name Other Tahquitz River Estates (33510) Utilities Natural Gas ConnectedSee RemarksSewer ConnectedWater Connected Water Source Public Zoning R2

Listing provided courtesy of Nerses Ananyan, CA DRE# 01320968, of Titus Realty, Inc.: 818-786-5511.


Based on information from CRISNet MLS as of 2022-09-29T23:56:36.88. 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2022-09-29T23:56:36.88. 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.
 
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