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    12885 Eliseo Rd

    Desert Hot Springs, CA 92240
    • $1,700,000
    • STATUS: Active Under Contract
    • ON SITE: 167 days
    • ID#: 20-571018
    Under Contract
    $1,700,000
    • 7
      BEDS
    • N/A
      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 the Combined LA/Westside Multiple Listing Service as of 2020-09-28T23:42:26.74. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.brandiprattrealestate.com/homes/105039008
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    12885 Eliseo Rd Desert Hot Springs, CA 92240

    • Price: $1,700,000
    • Status: Active Under Contract
    • ID#: 20-571018
    7
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1957
    Built
    Neighborhood:
    Desert Hot Springs
    County:
    Riverside
    Area:
    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 Area 53000 Other Structures Gazebo Parking Garage DetachedUncovered Pool Description HeatedIn Ground Pool YN Yes Spa HeatedIn Ground Spa YN Yes Total Parking 10 View Description Mountains View YN Yes

    Interior Features

    Bathroom Features RemodeledTile Baths Total 7.00 Cooling Air Conditioning Equipment Range/OvenRefrigerator Flooring Tile Heating Other

    Property Features

    Amenities Maid ServicePoolSpaSteam RoomOther Gross Income 361911 Gross Operating Income 361911 Like Units1 7 Net Operating Income 168520.00 Number Of Buildings 1 Number Of Units 7 Sale Type Standard Source Living Area Assessor Source Lot Size Area Owner Total Annual Expense 193390 Type Of Units Attached Year Built Source Estimated Zoning Tr

    Listing provided courtesy of Emmanuel Xuereb DRE#01845114 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-28T23:42:26.74. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583