435 Avenida Olancha, Palm Springs, CA, 92264

435 Avenida Olancha, Palm Springs, CA, 92264 < >
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for sale
$4,500,000
Lot Size:0.39 Acres
Year Built:1960
Status:Active
MLS #:SR22032877
Date Updated:
For information contact:
CENTURY 21 MASTERS - Diamond Bar
(909) 595-5597
Get More Information
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

Utilities
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.
Price:$4,500,000
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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