CA > Palm Springs > Tahquitz River Estates
Palm Springs, CA 92264,435 E Avenida Olancha
Palm Springs, CA 92264,435 E Avenida Olancha
Palm Springs, CA 92264,435 E Avenida Olancha
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Lisa Kirshner

Lisa Kirshner

+1(424) 214-0133
$5,000,000
Est. payment /mo
9 Beds
4,500 SqFt
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UPDATED:

02/23/2025 12:54 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,500 sqft

Price per Sqft $1,111

Subdivision Tahquitz River Estates

MLS Listing ID SR25023829MR

Bedrooms 9

Year Built 1960

Lot Size 0.390 Acres

Property Sub-Type Multi-Family

Property 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%.

Location

State CA

County Riverside

Area Palm Springs South End

Zoning R2

Rooms

Other Rooms Gazebo

Interior

Heating Central

Fireplaces Type Family Room, Kitchen

Laundry Community, Laundry Area, Outside

Exterior

Parking Features Carport

Garage Spaces 26.0

Pool Gunite, Heated, In Ground, Private

Community Features Foothills, Mountainous, Sidewalks

View Y/N Yes

Roof Type Shingle

Building

Story 1

Sewer Private Sewer

Water Public

Others

Special Listing Condition Standard

Virtual Tour https://www.littleparadisehotel.com/

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Titus Realty, Inc.

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agent

Lisa Kirshner

+1(424) 214-0133

Agent | DRE 01159728 | 01965657

Agent DRE 01159728 | 01965657

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