12921 Tamar Drive
Desert Hot Springs, CA 92240
#219120939PS
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!
Property Details
- Property SubtypeResidentialIncome
- ViewDesert, Mountains
- SubdivisionNot Applicable-1
- Property TypeMulti-Family
- MLS #219120939PS
- MLS #219120939PS
- Original List Price$5,450,000
- CountyRiverside
- Cost5450000
- Year Built1960
- Stories2
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Adam Gilbert (#PS47926)
Listing Office: The Firm Brokerage (#PS8312)
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