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  4. 435 Avenida Olancha, Palm Springs, CA 92264
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435 Avenida Olancha
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Virtual Tour
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  • MLS#: SR25023829 ( Commercial/Residential )
  • Street Address: 435 Avenida Olancha
  • Viewed: 2
  • Price: $4,400,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1960
  • Bldg sqft: 0
  • Days On Market: 5
  • Additional Information
  • County: RIVERSIDE
  • City: Palm Springs
  • Zipcode: 92264
  • Subdivision: Tahquitz River Estates (33510)
  • Provided by: Titus Realty, Inc.
  • Contact: Nerses Nerses
  • DMCA Notice
  • 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%.
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Features
Building Area Total
  1. 4500.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Country
  1. US
Electric Expense
  1. 23760.00
Fireplace Features
  1. Family Room
  2. Kitchen
Flooring
  1. Laminate
  2. Tile
Foundation Details
  1. Concrete Perimeter
Fuel Expense
  1. 0.00
Garage Spaces
  1. 13.00
Heating
  1. Central
Insurance Expense
  1. 5325.00
Interior Features
  1. Formica Counters
  2. Furnished
  3. Open Floorplan
  4. Recessed Lighting
Laundry Features
  1. Common Area
  2. Community
  3. Outside
Levels
  1. One
Lot Features
  1. 6-10 Units/Acre
  2. Lot 10000-19999 Sqft
  3. Sprinkler System
Netoperatingincome
  1. 333034.00
Other Structures
  1. Gazebo
Parcel Number
  1. 508353019
Parking Features
  1. Carport
Pool Features
  1. Private
  2. Gunite
  3. Heated
  4. In Ground
Postalcodeplus4
  1. 8488
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Commercial/Residential
Roof
  1. Shingle
Sewer
  1. Private Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 431446741:CRM
Subdivision Name Other
  1. Tahquitz River Estates (33510)
Tenant Pays
  1. None
Totalactualrent
  1. 693000.00
Totalexpenses
  1. 315466.00
Trash Expense
  1. 0.00
Uncovered Spaces
  1. 13.00
Utilities
  1. Natural Gas Connected
  2. See Remarks
  3. Sewer Connected
  4. Water Connected
View
  1. See Remarks
Virtual Tour Url
  1. http://www.littleparadisehotel.com/
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1960
Year Built Source
  1. Assessor
Zoning
  1. R2
Equal Housing Opportunity

Based on information from California Regional Multiple Listing Service, Inc. as of Feb 05, 2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Display of MLS data is usually deemed reliable but is NOT guaranteed accurate.
Datafeed Last updated on February 5, 2025 @ 12:00 am
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