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A Place In The Sun Garden Hotel 754 E San Lorenzo Rd 16 Room Hotel Palm Springs, CA 92264 $7,863,873 CAD ($491,492 CAD/Room) 11.31% Cap Rate
Investment Highlights
- Boutique hotel with 17 rentable units, including 12 apartment-style villas with full kitchens for higher ADR.
- Prime Palm Springs location just 1.5 miles from Downtown and Agua Caliente Casino.
- ±12,040 SF building on a ±0.98-acre lot featuring a central garden oasis and resort amenities.
- Marketed at an 11.31% cap rate with $650,427 NOI and significant upside from 3 offline units.
- Mid-century estate built in 1951, frequented by Hollywood icons, with privacy-focused bungalows.
- Zero active advertising—100% organic demand and major growth potential through modern marketing.
Executive Summary
David Harrington
Matthews Real Estate Investment Services, Inc
License # 02168060, 01320460 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 02168060, 01320460 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Property Facts
| Price | $7,863,873 CAD | Building Size | 12,405 SF |
| Price Per Room | $491,492 CAD | No. Rooms | 16 |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 11.31% | Year Built/Renovated | 1951/2005 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.45/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Lot Size | 0.98 AC | ||
| Zoning | C14 | ||
| Price | $7,863,873 CAD |
| Price Per Room | $491,492 CAD |
| Sale Type | Investment |
| Cap Rate | 11.31% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.98 AC |
| Building Size | 12,405 SF |
| No. Rooms | 16 |
| No. Stories | 1 |
| Year Built/Renovated | 1951/2005 |
| Tenancy | Single |
| Parking Ratio | 1.45/1,000 SF |
| Corridor | Exterior |
| Zoning | C14 |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Boutique/Lifestyle Hotel
- Public Access Wifi
- Hot Tub
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 12 | $407.55 CAD | - |
| Guest Room | 4 | $221.56 CAD | - |
1 1
Property Taxes
| Parcel Number | 508-191-007 | Improvements Assessment | $3,996,989 CAD |
| Land Assessment | $1,258,310 CAD | Total Assessment | $5,255,299 CAD |
Property Taxes
Parcel Number
508-191-007
Land Assessment
$1,258,310 CAD
Improvements Assessment
$3,996,989 CAD
Total Assessment
$5,255,299 CAD
Contacts
-
Ryan Kawai Sanchez -
Mitchell Glasson -
Matthews Real Estate Investment Services
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A Place In The Sun Garden Hotel | 754 E San Lorenzo Rd
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