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435 E AVENIDA OLANCHA Palm Springs, CA 92264

$4,250,000

Listed By Nerses Ananyan, Titus Realty, Inc.

Bedrooms

Total Baths

Full Baths

4,500

Square Feet

0.39

Acres

1960

Year Built

Active

Status

MLS#

SR22203929

!!! 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%.

Details

Year Built
1960
Parking
26
Price / Sq Ft
$944
HOA
No Info
Cooling
No Info
Heating
Yes
On Website
20 Days
Acres
0.39

Price per square foot and days on website are not provided values and are calculated by RE/MAX.

Listing Office Titus Realty, Inc.

MLS# SR22203929

Updated 6:13PM - 10/7/2022

Listing Agent Nerses Ananyan

License CA #01320968

Based on information from CRISNet MLS. 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. CRISNet MLS IDX listings provided by Seventy3.

Area Information

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