Active
12921 Tamar Drive
Desert Hot Springs CA, 92240
$5,450,000
Active
Residential
Built in 1960
Listed by Adam Gilbert with The Firm Brokerage (760) 408-8874
Amazing down-to-the-studs renovated Hospitality investment opportunity; Introducing The Onsen Hotel, the highest-rated and best-reviewed hotel in beautiful Desert Hot Springs California! This #1 ranked hotel on Trip Advisor is adult-only and pet-friendly with several other unique amenities including Mineral Water spa packages, deluxe breakfast, and a bevy of room & bed options to choose from. The Hotel, Spa space, pool, and 21 current rooms have been fully renovated and finished with unique luxury finishes sure to please every discerning guest, and the next owner has the option to alter the offering and create 2 additional rooms for increased Revenue and NOI. The purchase also comes with the adjacent lot to be developed to spec with its own mineral water well, allowing the next owner to develop additional rooms, a separate spa facility, or anything else you can imagine. Desert Hot Springs Values continue to rise as the market is edged out of Palm Springs proper, come get your hands on this great hospitality property before its too late!
219120939PS
MLSⓇ ID
December 5, 2024
Listed
December 6, 2024
Updated
Map
12921 Tamar Drive
Desert Hot Springs CA, 92240
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0 Acres
Other Property Details
Area Name
340 - Desert Hot Springs
Garage
No
Parking
Guest
Parking Total
24
View
Yes
View Description
Desert, Mountain(s)
County
Riverside
Pool
Yes
Pool Features
In Ground
Zoning
R-4
Listing Contact: (760) 408-8874
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/6/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 12/6/2024 at 12:14 AM UTC