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

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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$5,450,000

Est. payment - /mo

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Not Applicable-1

MLS Listing ID 219120939PS

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 Central Air

Fireplace No

Exterior

Parking Features Guest

Pool In Ground

View Y/N Yes

View Desert, Mountain(s)

Total Parking Spaces 24

Private Pool Yes

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 642082002

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

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

Special Listing Condition Standard

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Listed by Adam Gilbert • The Firm Brokerage

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Serving Southern California

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