12689 Eliseo Road

Desert Hot Springs, CA 92240

$1,780,000
Last Sold Price
8
Beds
9
Baths
3,500 Sq. Ft.
$509 / Sq. Ft.
3,500
Sq. Ft.
$509
per Sq. Ft.

Description

Introducing The Sagewater, an iconic 8-room boutique hotel in Desert Hot Springs, #1 on TripAdvisor and 5 stars on Airbnb! This mid-century modern marvel sits atop Miracle Hill, providing guests with therapeutic hot mineral water, picturesque desert views, and a truly authentic desert experience while enjoying benefits of natural hot mineral water. Key Features include a private 179ft deep well which supplies its pool and hot tub with natural hot mineral water, renowned for its therapeutic properties....Introducing The Sagewater, an iconic 8-room boutique hotel in Desert Hot Springs, #1 on TripAdvisor and 5 stars on Airbnb! This mid-century modern marvel sits atop Miracle Hill, providing guests with therapeutic hot mineral water, picturesque desert views, and a truly authentic desert experience while enjoying benefits of natural hot mineral water. Key Features include a private 179ft deep well which supplies its pool and hot tub with natural hot mineral water, renowned for its therapeutic properties. Each room offers a modern and spacious interior equipped with kitchens and easy pool access. An Ayurvedic Spa is operated out of Room 2; the spa provides consistent additional revenue. Location!! 15 min from Palm Springs Airport, 30 min to Joshua Tree, and under 2 hrs to LA and San Diego. Huge development potential with 5 adjacent lots available for purchase ($45k each), all zoned for Visitor Mixed Use which will preserve Short Term Rental Rights, incredible views, and maintain privacy. Utilize the available lots to add a day spa, more hotel rooms, or vacation rental homes, all with mineral water access from existing Hotel and rare Geothermal Mineral Well. Revenue is constantly growing! With recent upgrades monthly earnings have reached $30K+. Pro-Forma projections indicate potential earnings of $45k+ a month with marketing, extended services, and continued listing on platforms such as AirBnB and VRBO. Recent upgrades allow for the property to be operated remotely. The spa operator and cleaner are willing to stay, and the current owner is looking forward to being available for a smooth transition. *SALE OPTIONS: | Hotel: Priced at $1,500,000, including the Geothermal Mineral Well. | Business Goodwill: Available at $89,000, inclusive of furniture, the website, software/reservation systems, and social media. | Additional Lots: Each covering an area of approximately 8,500 sq.ft, available for $45,200. Act fast and capitalize on the upcoming busy season, including events like Coachella and Stagecoach. This property is not just an investment; it's an opportunity to own a piece of the desert's heart and history.

Listing Agent

  1. Paul Fisher

    Paul Fisher

    Listing Agent

    Compass

    DRE #02018310

Property Details for 12689 Eliseo Road

Zoning
R4
Parcel Number
642111021
Total Units
8.0
Living Area
3500
Source Living Area
Owner
Area
Desert Hot Springs (340)
Subdivision Name
Hacienda Heights
Vacancy Rate
0

Location

Listing Courtesy of Compass, Paul Fisher, DRE #02018310

Sold By Compass, Paul Fisher, DRE #02018310

Add your commute
LISTING UPDATED: 03/12/2024 04:19 PM

Property Details for 12689 Eliseo Road

StatusSold
MLS #23-253941
Days on Market244
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.20 AC / 8,712 SF
CountyRiverside County

Location

Listing Courtesy of Compass, Paul Fisher, DRE #02018310

Sold By Compass, Paul Fisher, DRE #02018310

Add your commute

Virtual Tour

Building Information for 12689 Eliseo Road

Stories1Residences-Year Built1957Building Size-Lot Size0.20 AC / 8,712 SF

Payment Calculator

$9,758 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,714

Property Taxes

$44

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 12689 Eliseo Road

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
  • Builders Tract Name: Hacienda Heights
  • Builders Tract Code: 7730
Structure Info
Structure Info
  • Building Type: Attached
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Ensuites + K
  • View: Yes
  • View Description: Mountains, Desert, City
  • View: Mountain(s), Desert, City Lights
  • Security Features: Card/Code Access
  • Water: Well
Contract Info
Contract Info
  • Financing: Other, Cash, Cash To New Loan, Cash To Existing Loan
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $25,380
  • Net Operating Income: $16,287.00
  • Gross Income: $25,380
  • Cap Rate: 10.86%
  • Gross Rent Multiplier: $5.91
  • Actual Gross Annual Income: $304,563
  • Financial Info as Of: 08/09/2023
  • Owner Pays: Gas, Electricity, Gardener, Pool Service, Water
  • Total Annual Expense: 9092
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: Yes
  • Lot Acreage: 0.2
  • Lot Size Square Feet: 8712
  • Lot Description: 5 + Lots
  • Lot Location: Hillside
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 7
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Air Conditioning
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Equipment: Built-Ins, Washer, Range/Oven, Dryer, Refrigerator
  • Common Walls: Attached
  • Laundry: Laundry Area
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: Yes
  • Pool Description: In Ground
  • Pool Features: In Ground
  • Spa: Yes
  • Spa: In Ground
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-24-2023
  • Listing Terms: Assumable
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $1,852.00
  • Unit Actual Rent: $14,820.00
  • Unit Projected Rent: $45,000.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,074,881.00
  • Assessed Improvement Percent: 92.06
  • Assessed Land Value: $92,750.00
  • Assessed Land Percent: 7.94
  • Assessed Total Value: $1,167,631.00

Property History for 12689 Eliseo Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 12689 Eliseo Road

Taxable ValueLand$30,600Additions-Total$30,600
Tax Record2023$523 ($44 / month)
Home Facts
Beds0Lot Size7,840 SqFtStyleResidentialZoningTRCountyRIVERSIDEAPN642-121-020

Schools near 12689 Eliseo Road

This home is within Palm Springs Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Cabot Yerxa Elementary School
PublicK to 5

Desert Springs Middle School
Public6 to 8

Desert Hot Springs High School
Public9 to 12

Bella Vista Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Paul Fisher, DRE #02018310

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.