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$1,525,000
Est. payment /mo
0.34 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Not Applicable-1
MLS Listing ID 219138230DA
HOA Y/N No
Year Built 1978
Lot Size 0.340 Acres
Property Description
Welcome to 525 S Thornhill Rd, an exceptional five-residence multifamily offering nestled in the timeless allure of Palm Springs. This boutique investment property blends stable income performance with remarkable long-term upside, making it a rare opportunity in one of Southern California's most sought-after destinations.Currently 80% occupied, minus the owner's unit which will generate $2000 per month. At full occupancy the property will obtain a projected stabilized income of approximately $110,400--positioning it as both a reliable asset and a premium value-add candidate. Each residence is individually metered and comprises of approximately 800 sq ft. Each unit has a 1 bedroom, 1 bath layout with private courtyards and 1 assigned parking spot. The property offers comfort, livability, and the charm expected in a desert retreat,
Location
State CA
County Riverside
Area 334 - South End Palm Springs
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Detached Carport
Garage Spaces 1.0
Carport Spaces 7
Garage Description 1.0
Pool Community, In Ground
Community Features Pool
View Y/N No
Total Parking Spaces 15
Private Pool Yes
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 508220022
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Lease Land No
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Listed by Richard MacMillan HomeSmart
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