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
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Data last updated 1/14/2025