12885 Eliseo Rd, Desert Hot Springs, CA 92240

$1,550,000
7
BD
7
BA
Sold Price
$1,550,000
List Price
$1,599,000
Closing Date
Mar 31, 2021
MLS#
20-571018
Bedrooms
7
Bathrooms
7
Lot Size
53,000
Property Type
Multifamily

Property Description

BACK ON MARKET! Idilic boutique hotel with natural hot springs, and 3 additional vacant lots. Seven beautiful ensuite rooms with kitchenettes set in an idyllic relaxing environment. Super cool, hip, alternative chic hotel. Hot springs mineral source soaking tub & pool, including 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 potential 9.4 Cap rate. Hotel sits on 3 lots, and includes an additional 3 vacant lots as part of the sale for a total of 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.

Additional Information

Stories
1
Year Built
1957
View
Mountains
Number of Cars in Garage
Detached, Uncovered
Heat
Other
Cooling
Air Conditioning

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of , Emmanuel Xuereb. Selling Office: .

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