435 E Avenida Olancha - Hospitality FOR SALE


Palm Springs, CA 92264
$4,400,000 USD
818-786-5511
435 E Avenida Olancha, Palm Springs, CA for Sale
$4,400,000 USD
Hospitality - FOR SALE
1/26
null | 6.76% Cap Rate

435 E Avenida Olancha
Palm Springs, CA 92264


HIGHLIGHTS

  • Great quiet location, close to downtown Palm Springs!
  • Picture Perfect Views!
  • Spacious, light and bright rooms with separate kitchen

OVERVIEW

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 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.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$978 USD /SF

# OF ROOMS

9

PRICE/ROOM

$488,889 {currency}

CAP RATE

6.76%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Little Paradise Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1952

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

R2

APN/PARCEL ID

508-353-019

ASK ABOUT THIS PROPERTY

Nick AnanyanTitus Realty, Inc.More Info
818-786-5511

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Nick AnanyanTitus Realty, Inc.More Info
818-786-5511

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.