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$5,450,000
Est. payment /mo
UPDATED:
12/05/2024 10:35 PM
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