Mahala | 1777 N Palm Canyon Dr
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Mahala 1777 N Palm Canyon Dr
15 Room Hotel Palm Springs, CA 92262 $7,229,097 CAD ($481,940 CAD/Room) 7.50% Cap Rate
Investment Highlights
- Excellent condition, fully renovated physical plant following $1.5 million renovation in 2022
- Great location, walking distance to Uptown Design District and some of Palm Springs' best restaurants
- Not yet stabilized, opportunity to add value through steady management and marketing
- Very strong Palm Springs boutique market
- Favorable size and design for full-property event buy-outs (Coachella, Stage Coach, weddings, private/corp functions, etc)
- Private parking, entire site is commercially zoned (C1) and fee simple
Executive Summary
Opportunity to purchase a fully renovated boutique hotel along N. Palm Canyon Drive in one of Southern California's premier boutique hotel markets. Following a comprehensive renovation in 2022, the property launched a soft opening in early 2023 and is still in process of ramping up and positioning itself within the market. Significant neighborhood improvements and developments are underway. Cap rate is based on Proforma from recent appraisal. Recent personal events triggering a sale.
Data Room Click Here to Access
- Market Information
- Operating and Financials
- Third Party Reports
- Miscellaneous
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $7,229,097 CAD | Building Size | 5,410 SF |
| Price Per Room | $481,940 CAD | No. Rooms | 15 |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.50% | Year Built/Renovated | 1957/2023 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.77/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Lot Size | 0.55 AC |
| Price | $7,229,097 CAD |
| Price Per Room | $481,940 CAD |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.55 AC |
| Building Size | 5,410 SF |
| No. Rooms | 15 |
| No. Stories | 1 |
| Year Built/Renovated | 1957/2023 |
| Tenancy | Single |
| Parking Ratio | 2.77/1,000 SF |
| Corridor | Exterior |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 15 | $389.80 CAD | - |
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Walk Score ®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 504-310-013 | Total Assessment | $3,272,338 CAD (2023) |
| Land Assessment | $922,204 CAD (2023) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $2,350,133 CAD (2023) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
504-310-013
Land Assessment
$922,204 CAD (2023)
Improvements Assessment
$2,350,133 CAD (2023)
Total Assessment
$3,272,338 CAD (2023)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
zoning
| Zoning Code | C1, Palm Springs (C1 zoning allows a variety of retail, office and commercial uses. Hotels represent a permitted use.) |
| C1, Palm Springs (C1 zoning allows a variety of retail, office and commercial uses. Hotels represent a permitted use.) |
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Mahala | 1777 N Palm Canyon Dr
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