Silva Babaian Realtor, Real Estate Agent, Granada Hills, CA
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    31420 Palm Avenue
    165 Circle Drive
    4004 Shannon Lane
    435 Avenida Olancha, Palm Springs, CA 92264
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    • MLS#: SR25023829 ( Commercial/Residential )
    • Street Address: 435 Avenida Olancha
    • Viewed: 18
    • Price: $5,000,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1960
    • Bldg sqft: 0
    • Days On Market: 59
    • Additional Information
    • County: RIVERSIDE
    • City: Palm Springs
    • Zipcode: 92264
    • Subdivision: Tahquitz River Estates (33510)
    • Provided by: Titus Realty, Inc.
    • Contact: Nerses Nerses
    • California Regional MLS IDX
    • 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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    Property Location and Similar Properties
    All
    Similar
    Features
    Building Area Total
    1. 4500.00
    Commoninterest
    1. None
    Common Walls
    1. 2+ Common Walls
    Country
    1. US
    Days On Market
    1. 25
    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
    Views
    1. 18
    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
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    1. Silva Babaian / Realtor
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    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836