CA > Rancho Mirage > Thunderbird Terrace
Rancho Mirage, CA 92270,39905 Bird LN
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Rancho Mirage, CA 92270,39905 Bird LN
Rancho Mirage, CA 92270,39905 Bird LN
Rancho Mirage, CA 92270,39905 Bird LN
Rancho Mirage, CA 92270,39905 Bird LN
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Brad Schmett

Brad Schmett

+1(760) 880-5845
$ 3,150,000
Est. payment /mo
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39905 Bird LN Rancho Mirage, CA 92270

18,000 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 18,000 sqft

Price per Sqft $175

Subdivision Thunderbird Terrace

MLS Listing ID 219135026

HOA Y/N No

Year Built 1963

Lot Size 0.390 Acres

Property Sub-Type Apartment

Property Description

Introducing Thunderbird Terrace Apartments, a rare investment opportunity in Rancho Mirage. Located at the prestigious southwest corner of Thunder Road and Bird Lane, this 15-unit complex offers tremendous upside potential in an A+ location. The property consists of 14 spacious two-bedroom, two-bath units of approximately 1,200 square feet each, along with one three-bedroom, two-bath manager's unit of approximately 2,400 square feet. Spread across two well-built two-story frame and stucco buildings, the apartments feature exterior entrances over ground-level parking garages and a central courtyard area that enhances community living. Additional amenities include an on-site pool, landscaped common areas, and garage parking for all units, with some offering private single-car garages. Originally constructed in 1967, the complex is currently vacant and offered at a lower list price to reflect the required repairs needed. This is an as-is sale and only serious buyers prepared to complete the necessary updates and renovations should inquire. Once remodeled and repositioned, the units have the potential to achieve maximum rental value in Rancho Mirage's highly desirable market. Thunderbird Terrace Apartments presents investors with a unique chance to acquire a multifamily asset with significant value-add potential in one of the Coachella Valley's most sought-after locations.

Location

State CA

County Riverside

Area 321 - Rancho Mirage

Interior

Heating Zoned, Other

Cooling Zoned, Other

Fireplace false

Exterior

Garage Spaces 1.0

Pool Community, Safety Gate, In Ground

View Y/N true

View City Lights, Desert, Mountain(s), Panoramic, Peek-A-Boo, Pool

Private Pool Yes

Building

Lot Description Premium Lot, Landscaped, Corner Lot

Story 2

Entry Level Three Or More

Sewer Septic Tank

Level or Stories Three Or More

Others

Senior Community No

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

Listed by OZA Realty Inc.
Brad Schmett

Brad Schmett

CEO / President | License ID: 01275226

+1(760) 880-5845

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39905 Bird LN