24
See all 24 photos
$5,000,000
Est. payment /mo
0.39 Acres Lot
Active
435 E Avenida Olancha Palm Springs, CA 92264
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR25023829
Originating Board California Regional MLS
Year Built 1960
Lot Size 0.390 Acres
Property Description
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%.
Location
State CA
County Riverside
Area 334 - South End Palm Springs
Interior
Heating Central Forced Air
Flooring Laminate
Laundry Laundry Area, Other, Community Facility
Exterior
Parking Features Carport
Garage Spaces 26.0
Pool Pool - Gunite, Pool - Heated, Pool - In Ground, Pool - Yes
View Other
Roof Type Shingle
Building
Story One Story
Foundation Concrete Perimeter
Water District - Public
Others
Tax ID 508353019
Special Listing Condition Not Applicable
© 2025 MLSListings Inc. All rights reserved.
Listed by Nerses Ananyan • Titus Realty, Inc.