Homes for sale - 12921 Tamar DR, Desert Hot Springs, CA 92240

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Jan Tyminski

Y Realty

jtyminski24@gmail.com +1(805) 490-1703

$ 5,450,000

Est. payment | -/mo

21 Beds

21 Baths

11,257 SqFt

Save

$ 5,450,000

Est. payment | -/mo

Save

21 Beds

21 Baths

11,257 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,257 sqft

Price per Sqft $484

MLS Listing ID 219120939

Bedrooms 21

Full Baths 21

HOA Y/N No

Year Built 1960

Property Description

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!

Location

State CA

County Riverside

Area 340 - Desert Hot Springs

Zoning R-4

Interior

Heating Central

Cooling Air Conditioning, Central Air

Fireplace false

Exterior

Pool In Ground, Private

View Y/N true

View Desert, Mountain(s), Pool, Valley

Private Pool Yes

Building

Story 2

Entry Level Two

Sewer In, Connected and Paid

Level or Stories Two

Others

Senior Community No

Acceptable Financing 1031 Exchange, Cash, Cash to New Loan, Conventional

Listing Terms 1031 Exchange, Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

Listed by The Firm Brokerage

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(805) 490-1703

jtyminski24@gmail.com

12921 Tamar DR Desert Hot Springs, CA 92240