435 E Avenida Olancha, Palm Springs CA, 92264

Active

435 E Avenida Olancha

Palm Springs CA, 92264

$4,400,000

$977.78 per sqft

Active

4,500 sqft

Multi-family

Built in 1960

Listed by Nerses Ananyan with Titus Realty, Inc. 818-786-5511

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%.

SR25023829

MLSⓇ ID

February 1, 2025

Listed

February 4, 2025

Updated

Map

435 E Avenida Olancha
Palm Springs CA, 92264

Interior Features

Total Stories: 1
Interior Features: Furnished, Laminate Counters, Open Floorplan, Recessed Lighting, All Bedrooms Down
Laundry Description: Common Area, Outside
Floor Description: Laminate, Tile
Fireplace: Yes
Fireplace Description: Family Room, Kitchen
Cooling: No
Heating: Yes
Heating Description: Central

Exterior/Building Features

Lot Size: 0.39 Acres
Lot Features: 6-10 Units/Acre, Sprinkler System
Roof: Shingle
Sewer: Private Sewer

Other Property Details

Area Name: 334 - South End Palm Springs
Garage: Yes
Garage Spaces: 13
Parking: Carport
Parking Total: 26
View: Yes
County: Riverside
Water Source: Public
Pool: Yes
Pool Features: Gunite, Heated, In Ground, Private
Zoning: R2

Listing Contact: 818-786-5511

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/4/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 2/4/2025 at 7:40 PM UTC