12885 Eliseo Road

Desert Hot Springs, CA 92240

$1,550,000
Last Sold Price
7
Beds
7
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

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

  1. Emmanuel Xuereb

    Emmanuel Xuereb

    Listing Agent

    Compass

    DRE #01845114

  2. Salvator Xuereb

    Salvator Xuereb

    Alternative Listing Agent

    Compass

    DRE #02040807

Property Details for 12885 Eliseo Road

Zoning
TR
Parcel Number
642121023
Total Units
7.0
Living Area
0
Source Living Area
Assessor
Area
Desert Hot Springs (340)
Vacancy Rate
50
Lot Size Area
53000

Location

Listing Courtesy of Compass, Emmanuel Xuereb, DRE #01845114; Compass, Salvator Xuereb, DRE #02040807

Sold By David Shaker, David Shaker, DRE #01435834

Add your commute
LISTING UPDATED: 04/01/2021 11:41 AM

Property Details for 12885 Eliseo Road

StatusSold
MLS #20-571018
Days on Market233
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size1.22 AC / 53,000 SF
CountyRiverside County

Location

Listing Courtesy of Compass, Emmanuel Xuereb, DRE #01845114; Compass, Salvator Xuereb, DRE #02040807

Sold By David Shaker, David Shaker, DRE #01435834

Add your commute

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

30 year fixed, 7.25% Interest

Principal and Interest

$8,459

Property Taxes

$2,023

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 12885 Eliseo Road

Community / Development
Community / Development
  • Number Of Units: 7
  • Amenities: Maid Service, Pool, Spa, Steam Room, Other
  • Association Amenities: Maid Service, Pool, Spa/Hot Tub
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Estimated
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Attached
  • View: Yes
  • View Description: Mountains
  • View: Mountain(s)
Contract Info
Contract Info
  • Financing: Cash, Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $361,911
  • Net Operating Income: $168,520.00
  • Gross Income: $361,911
  • Cap Rate: 9.40%
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 193390
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: Yes
  • Lot Size Square Feet: 53000
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Detached, Uncovered
  • Total Parking: 10
  • Parking Features: Detached Carport, Uncovered
Interior Features
Interior Features
  • Cooling Type: Air Conditioning
  • Heating Type: Other
Exterior Features
Exterior Features
  • Pool: Yes
  • Private Pool: No
  • Pool Description: Heated, In Ground
  • Pool Features: Heated, In Ground
  • Spa: Yes
  • Spa: Heated, In Ground
  • Other Structures: Gazebo
Lease Terms
Lease Terms
  • Entry Date: 04-14-2020
Unit Details
Unit 1 Information
  • Unit Beds: 7
  • Unit Baths: 7
  • Unit Furnished: Yes
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 7
Unit Details
  • Unit Type Type: 2106

Property History for 12885 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 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.

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, Emmanuel Xuereb, DRE #01845114; Compass, Salvator Xuereb, DRE #02040807

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.