!!! 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%.
Price per square foot and days on website are not provided values and are calculated by RE/MAX.
Listing Office Titus Realty, Inc.
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.