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12921 Tamar Drive

Desert Hot Springs, CA 92240

– beds
– baths
– sqft
1960 build
– on site

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!

Listed By CRMLS_CA / Adam Gilbert / The Firm Brokerage

Last checked: Checking… • Last updated Dec 13, 2024 •

MLS# 219120939PS —

This property is listed in more than one place. See it here.

The Building

Year Built:

1960
Year Built Source:

Assessor
New Construction:

No
Total Number Of Units:

21
# of Buildings:

1
Stories Total:

2
# of Separate Gas Meters:

1
# of Separate Water Meters:

1
# of Separate Electric Meters:

1

Interior

Levels:

Two
Room Type:

Exercise Room
Fireplace:

No

Financial & Terms

Disclosures:

Earthquake Insurance Available

Location

Directions:

-
Latitude:

33.95482100
Longitude:

-116.48862100

The Property

Property Type:

Residential Income
Zoning:

R-4
Lot Size Area:

0.8700
Lot Size SqFt:

0.87
Lot Size Source:

Assessor
View:

1
View:

Desert, Mountain(s)
Additional Parcels:

Yes
Additional Parcels Description:

642-082-003, 642-082-004
Land Lease:

No

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

642082002

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Appliances

Included:

Yes

The Community

Subdivision:

Not Applicable-1
Subdivision:

Not Applicable-1
Pool:

In Ground
Senior Community:

No
Spa:

1
Private Pool:

Yes
Spa Features:

In Ground, Private
Assessments:

No

Parking

Parking:

Yes
Parking:

Guest
Parking Spaces:

24.00
Uncovered Spaces:

24.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
12/5/24 Dec 5, 2024	Listed / Active	CRMLS_CA	$5,450,000

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This multifamily located in Desert Hot Springs East, Desert Hot Springs, CA 92240 is currently for sale for $5,450,000. 12921 Tamar Drive is a – square foot multifamily with – beds and – baths that has been on Estately for 137 days. 12921 Tamar Drive is in the Desert Hot Springs East neighborhood of Desert Hot Springs and has a WalkScore® of 31, making it car-dependent.

Listing Courtesy of: CRMLS_CA and The Firm Brokerage. Based on information from California Regional Multiple Listing Service, Inc. as of 18:35 on Apr 21.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.