12921 Tamar Drive

Desert Hot Springs, CA 92240

$5,450,000
Price
21
Beds
21
Baths
11,257 Sq. Ft.
$484 / Sq. Ft.
11,257
Sq. Ft.
$484
per Sq. Ft.

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...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!
  1. Listed by Adam Gilbert • DRE #01914157 • The Firm Brokerage
  2. Listed by Joel Handshuh • DRE #02162825 • The Firm Brokerage

Property Details for 12921 Tamar Drive

Subdivision Name
Not Applicable-1
Carport Spaces
.00
Garage Spaces
.00
View
Desert, Mountain(s)
Cross Street
Mircale Hill Rd & Hacienda Ave
LISTING UPDATED: 12/05/2024 02:11 PM

Property Details for 12921 Tamar Drive

StatusActive
MLS #219120939
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
Lot Size0.00 AC / 0 SF
CountyRiverside County

Building Information for 12921 Tamar Drive

Stories2Residences-Year Built1960Building Size-Lot Size0.00 AC / 0 SF

Property Information for 12921 Tamar Drive

Summary
Location and General Information
  • City: Desert Hot Springs
  • Country: US
  • Directions: -
  • Levels: Two
  • Area: 340 - Desert Hot Springs
  • Senior Community: No
  • Unparsed Address: 12921 Tamar Drive, Desert Hot Springs, CA 92240
  • Walk Score: 0
Parking
  • Parking Features: Guest, Total Uncovered/Assigned Spaces
Taxes and HOA Information
  • Association Fee: $.00
Virtual Tour
  • Videos Count: 0
Property
Lot Information
  • Lot Size Acres: .00
  • Lot Size Square Feet: .00
  • Lot Size Area: .87
  • Lot Size Source: Assessor
  • Parcel Number: 642-082-003, 642-082-004
  • Zoning: R-4
  • Property Type: Residential Income
Property and Assessments
  • Documents Count: 0
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Sewer: In Connected and Paid
Interior and Exterior Features
Exterior Features
  • Pool Features: In Ground, Private
  • Pool Private: Yes
  • Pool: Yes
  • Security Features: Other
  • Spa Features: Private, In Ground
  • Spa: Yes
  • Stories Total: 2
Interior Features
  • Bathrooms Full: 21
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Total Bathrooms: 21
  • Fireplace: No
  • Heating: Central
  • Heating: Yes
  • Living Area: 11,257.00
  • View: Yes
Multi Family
Multi-Family Information
  • Special Listing Conditions: Standard

Property History for 12921 Tamar Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 12921 Tamar Drive

Taxable ValueLand$250,990Additions$1,220,325Total$1,471,315
Tax Record2024$19,073 ($1,589 / month)
Home Facts
Total Finished SqFt10,400 SqFtAbove Grade Finished SqFt10,400 SqFtStories2Lot Size23,522 SqFtStyleHotel / MotelYear Built1964ZoningVSCountyRIVERSIDEAPN642-082-004

Schools near 12921 Tamar Drive

This home is within Palm Springs Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Cabot Yerxa Elementary School
PublicK to 5

Desert Springs Middle School
Public6 to 8

Desert Hot Springs High School
Public9 to 12

Bella Vista Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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12921 Tamar Drive is a multi-family home for sale in Desert Hot Springs, CA 92240. This property was listed for sale on December 5, 2024 by The Firm Brokerage, it's currently listed at $5,450,000. It has been on the market for a total of 12 days and was last sold on February 1, 2011. This listing's school district is Palm Springs Unified School District. Nearby schools include Cabot Yerxa Elementary School, Desert Springs Middle School and Desert Hot Springs High School. 12921 Tamar Drive is a 21-bed, 21-bath, 11,257 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Firm Brokerage, Adam Gilbert, DRE #01914157; The Firm Brokerage, Joel Handshuh, DRE #02162825

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.