Active

12921 Tamar DR

Desert Hot Springs CA, 92240

$5,450,000


$484.14 per sqft

Active

21 Beds

21 Baths

11,257 sqft

Multi-family

Built in 1960

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

January 14, 2025

Updated

Map

12921 Tamar DR
Desert Hot Springs CA, 92240

Interior Features

Total Stories

2


Bedrooms

21


Total Bathrooms

21


Full Bathrooms

21


Floor Description

Other


Fireplace

No


Cooling

Yes


Cooling Description

Air Conditioning, Central


Heating

Yes


Heating Description

Central

Exterior/Building Features

Sewer

In Connected and Paid

Other Property Details

Area Name

Desert Hot Springs


Garage

No


Parking

Parking for Guests


Parking Total

24


View

Yes


View Description

Desert, Mountains, Pool, Valley


County

Riverside


Pool

Yes


Pool Features

In Ground, Private

Listed by Adam Gilbert with The Firm Brokerage
Listing Contact: (760) 408-8874 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Marco Colantonio | CA DRE# 02090885 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2025 Combined L.A./Westside MLS. All rights reserved.

Data last updated 1/14/2025

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