435 Avenida Olancha, Palm Springs, CA, 92264

435 Avenida Olancha, Palm Springs, CA, 92264 < >
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for sale
Lot Size:0.39 Acres
Year Built:1960
MLS #:SR22032877
Date Updated:
For information contact:
CENTURY 21 MASTERS - Diamond Bar
(909) 595-5597
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Go See This Property
!!! 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. YTD bookings are in excess of 400K to an estimated 683K target year booking revenue ***Offered at $4,500,000, *** SGI $648,500, ***NOI $334,033, ***CAP 7.4%.
Interior Details
Fireplace Features: Family Room, KitchenFlooring: Laminate, Tile
Interior Features: Formica Counters, Furnished, Open Floorplan, RecessedLevels: One

Exterior Details
Garage Spaces: 13.00Lot Features: 6-10 Units/Acre, Lot 10000-19999 Sqft, Sprinkler Sys
Lot Size Acres: 0.3900Number Of Buildings: 1
Number Of Units Total: 9Parking Features: Carport
Parking Total: 26.00Pool Features: Private, Gunite, Heated, In Ground
Roof: ShingleView: See Remarks

Community Information
County Or Parish: RiversideDirections: Take South Palm St and make a left on Avenida Olancha
MLS Area Major: 334 - South End Palm SpringsParcel Number: 508353019
Subdivision Name: Palm Springs Golf and Tennis (33475)Zoning: R2

Property Information From MLS Data
Year Built: 1960

Heating: CentralUtilities: Natural Gas Connected, See Remarks, Sewer Connected,
Water Source: Public

Listing Information Courtesy of:
List Agent First Name: Nerses
List Agen tLast Name: Ananyan
List Office Name: Titus Realty, Inc.

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Monthly Payment for 435 Avenida Olancha
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Down Payment:
Loan Amount:$3,600,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Nerses Ananyan, Titus Realty, Inc.

Information obtained from CACRMLS is current as of 8/17/2022 3:46 PM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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