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    12885 Eliseo Road

    Desert Hot Springs, CA 92240
    • $1,700,000
    • STATUS: Active Under Contract
    • ON SITE: 159 days
    • ID#: 20571018
    Under Contract
    UPDATED: 49 min ago
    $1,700,000
    • 0
      BEDS
    • 1.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    *HUGE PRICE REDUCTION, take advantage!! Virtual showings available! Seven beautiful ensuite rooms with kitchenettes set in an idyllic relaxing environment. Super cool, hip, alternative chic. Hot springs mineral source soaking tub & pool oasis with 2 massage spa rooms. Recent renovations to rooms, pool, as well as throughout the property. Great staff allows hotel to run on it's own with great income at an incredible 9.4 Cap rate. Hotel sits on 3 lots, & 3 vacant lots may be included for approximately 53,000sft. Located in the forward moving town of Desert Hot Springs & just a short drive to Palm Springs. Rooms can rent up to $450/ night with upside. High revenue & low maintenance with more upside to take advantage of makes this an ideal oasis for guests, as well as the owners. Watch video walk through in virtual tour taken while hotel is closed due to current lockdown & not set up for guests, so not best quality. More information & financials upon request. 3 additional lots in transfer

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-21T11:26:18.46. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.

    www.theashleycooperteam.com/homes/105040826
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    12885 Eliseo Road Desert Hot Springs, CA 92240

    • Price: $1,700,000
    • Status: Active Under Contract
    • Updated: 49 min ago
    • ID#: 20571018
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.22
    Acres
    1957
    Built
    Neighborhood:
    340 - Desert Hot Springs
    County:
    Riverside
    Area:
    340 - Desert Hot Springs
    Property Description
    *HUGE PRICE REDUCTION, take advantage!! Virtual showings available! Seven beautiful ensuite rooms with kitchenettes set in an idyllic relaxing environment. Super cool, hip, alternative chic. Hot springs mineral source soaking tub & pool oasis with 2 massage spa rooms. Recent renovations to rooms, pool, as well as throughout the property. Great staff allows hotel to run on it's own with great income at an incredible 9.4 Cap rate. Hotel sits on 3 lots, & 3 vacant lots may be included for approximately 53,000sft. Located in the forward moving town of Desert Hot Springs & just a short drive to Palm Springs. Rooms can rent up to $450/ night with upside. High revenue & low maintenance with more upside to take advantage of makes this an ideal oasis for guests, as well as the owners. Watch video walk through in virtual tour taken while hotel is closed due to current lockdown & not set up for guests, so not best quality. More information & financials upon request. 3 additional lots in transfer
    Exterior Features

    Lot Size Source Owner Lot Size Units Square Feet Other Structures Gazebo Parking Features Detached CarportUncovered Parking YN Yes Pool Features HeatedIn Ground Pool Private YN No Spa Features HeatedIn Ground Spa YN Yes View Mountain(S) View YN Yes

    Interior Features

    Appliances Refrigerator Appliances YN Yes Flooring Tile

    Property Features

    Additional Parcels YN Yes Association Amenities Maid ServicePoolSpa/Hot Tub Gross Income 361911.00 Gross Multiplier 0.00 Gross Operating Income 361911.00 Net Operating Income 168520.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 193390.00 Vacancy Allowance Rate 50.00 Zoning Tr

    Listing provided courtesy of Emmanuel Xuereb of Compass and Salvator Xuereb of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-21T11:26:18.46. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.

     
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