435 E Avenida Olancha
Palm Springs, CA 92264
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1960 build
- – on site
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%.
Last checked:
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Last updated Feb 2, 2025
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MLS# SR25023829 —
The Building
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Year Built:1960
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:4500.00
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Building Area Units:Square Feet
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Total Number Of Units:9
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# of Buildings:1
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Roof:Shingle
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Foundation:Concrete Perimeter
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Stories Total:1
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Entry Level:1
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:1
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# of Separate Water Meters:1
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# of Separate Electric Meters:1
Interior
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Features:Formica Counters, Furnished, Open Floorplan, Recessed Lighting
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Levels:One
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Entry Location:1
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Flooring:Laminate, Tile
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Room Type:All Bedrooms Down, Kitchen
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Fireplace:Yes
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Fireplace:Family Room, Kitchen
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Laundry:Common Area, Community, Outside
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Laundry:1
Location
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Directions:Take South Palm St and make a left on Avenida Olancha
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Latitude:33.80262200
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Longitude:-116.54256400
The Property
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Property Type:Residential Income
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Subtype:Commercial/Residential
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Zoning:R2
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Lot Features:6-10 Units/Acre, Lot 10000-19999 Sqft, Sprinkler System
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Lot Size Area:16988.0000
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Lot Size Acres:0.3900
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Lot Size SqFt:16988.00
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Lot Size Source:Assessor
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View:1
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View:See Remarks
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Property Attached:1
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Additional Parcels:No
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Other Structures:Gazebo
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:D
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Tax Census Tract:448.05
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Tax Tract:448
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Tax Lot:3
The Listing
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Special Listing Conditions:Standard
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Parcel Number:508353019
Heating & Cooling
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Heating:1
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Heating:Central
Utilities
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Utilities:Natural Gas Connected, See Remarks, Sewer Connected, Water Connected
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Sewer:Private Sewer
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Water Source:Public
The Community
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Subdivision:Tahquitz River Estates (33510)
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Subdivision:Tahquitz River Estates (33510)
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Features:Foothills, Mountainous, Sidewalks
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Pool:Private, Gunite, Heated, In Ground
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Senior Community:No
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Private Pool:Yes
Parking
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Parking:Yes
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Parking:Carport
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Parking Spaces:26.00
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Garage Spaces:13.00
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Uncovered Spaces:13.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/1/25
Feb 1, 2025
|
Listed / Active | CRMLS_CA | $4,400,000 | 356.0% (34.6% / YR) |
|
10/12/22
Oct 12, 2022
|
Price Changed | CRMLS_CA | ||
|
9/17/22
Sep 17, 2022
|
Price Changed | CRMLS_CA |
