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FOR SALE
$4,250,000

435 E Avenida Olancha
Palm Springs, CA 92264

Other
Residential Income
4,500
Sq. Ft.
0.39
Acre Lot
1of
Photos
Map
Courtesy: Nerses Ananyan CalDRE: 01320968 - Titus Realty, Inc.
Showcase> California> Palm Springs> 92264
!!! 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. ***Offered at $4,250,000, *** SGI $637,450, ***NOI $334,033, ***CAP 8.24%.
SR22203929
Residential Income - Other, 1 Story
1960
Riverside
0.39 Acres
Public
1
Private Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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