12885 Eliseo Road
12885 Eliseo Road
$1,550,000
7
7
—
—
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Sold 3/31/21
Virtual Tour
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...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 Agents
Property Details for 12885 Eliseo Road
Zoning
TR
Parcel Number642121023
Total Units7.0
Living Area0
Source Living AreaAssessor
AreaDesert Hot Springs (340)
Vacancy Rate50
Lot Size Area53000
Location
LISTING UPDATED: 04/01/2021 11:41 AM
Property Details for 12885 Eliseo Road
Status | Sold |
---|---|
MLS # | 20-571018 |
Days on Market | 233 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1957 |
Lot Size | 1.22 AC / 53,000 SF |
County | Riverside County |
Location
Virtual Tour
Building Information for 12885 Eliseo Road
Stories1Residences-Year Built1957Building Size-Lot Size1.22 AC / 53,000 SF
Payment Calculator
$10,482 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 12885 Eliseo Road
Property History for 12885 Eliseo Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 12885 Eliseo Road
Taxable ValueLand$166,464Additions$1,243,278Total$1,409,742
Tax Record2023$24,279 ($2,023 / month)
Home Facts
Total Finished SqFt2,399 SqFtAbove Grade Finished SqFt2,399 SqFtStories1Lot Size15,681 SqFtStyleHotel / MotelYear Built1956ZoningTRCountyRIVERSIDEAPN642-121-023
Schools near 12885 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.
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