12921 Tamar Drive Desert Hot Springs, CA 92240

Active

$5,450,000

21 Units

21 Beds

21 Baths

11,257 Area(sq.ft.)

n/a Lot Size(sq.ft.)

Type	# of Units	Bedroom	Bath	Furnished	Rent	Actual Rent	Projected Rent
0	0				$ 0	$ 0	$ 0

MLS #:	219120939PS
Days On Market:	0
County:	Riverside
Property Type:	Residential Income
Price per ft²:	$ 484
Price per unit:	$ 259,524
Year Built:	1960

Income Details / Structure / Land & Parking / Interior Features / Exterior Features

Property Details

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!