12885 ELISEO Road, Desert Hot Springs, CA 92240

About this property

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.

Listing description from the March 2021 sale, as reported to CRMLS.

Sale history

$1,550,000

Sold March 2021 · listed $1,599,000, orig. $1,800,000, on market April 2020 · MLS #20571018 · Source: CRMLS

Listing Agent: Emmanuel Xuereb · Listing Office: Compass · Contact: 323-593-6999 · Bought with: David Shaker · David Shaker

$1,375,000

Sold March 2019 · listed $1,475,000 · MLS #18416566PS · Source: CRMLS

Listing Agent: Marc Sanders · Listing Office: The Agency · Contact: (760) 965-4200

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