About 12921 Tamar Drive
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!
Features of 12921 Tamar Drive
MLS® # | 219120939 |
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Price | $5,450,000 |
Bedrooms | 21 |
Bathrooms | 21.00 |
Full Baths | 21 |
Square Footage | 11,257 |
Acres | 0.00 |
Year Built | 1960 |
Type | Residential Income |
Status | Active |
Community Information
Address | 12921 Tamar Drive |
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Area | 340 - Desert Hot Springs |
Subdivision | Not Applicable |
City | Desert Hot Springs |
County | Riverside |
State | CA |
Zip Code | 92240 |
Amenities
Parking Spaces | 24 |
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Parking | Guest, Total Uncovered/Assigned Spaces |
View | Desert, Mountain(s), Pool, Valley |
Has Pool | Yes |
Pool | In Ground, Private |
Interior
Heating | Central |
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Cooling | Air Conditioning, Central Air |
Fireplace | No |
Exterior
Lot Description | 0.87 |
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Additional Information
Days on Market | 140 |
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Zoning | R-4 |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Adam Gilbert |
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Office | The Firm Brokerage |