525 S Thornhill RD Palm Springs, CA 92264
1 Bed
1 Bath
3,890 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,890 sqft
Price per Sqft $392
Subdivision Warm Sands
MLS Listing ID 219138230
Style Hacienda,Spanish
Bedrooms 1
Full Baths 1
HOA Y/N No
Year Built 1978
Lot Size 0.340 Acres
Acres 0.34
Property Description
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. The property has a total of 6 electric and 6 gas meters. Each residence is individually metered for gas and electric and has approximately 800 sq ft. of living space. Every unit comprises of a 1 bedroom and 1 bath layout along with private courtyards and 1 assigned parking spot. There is also a section of the lot on Thornhill Rd. that can be utilized for added parking or another potential unit. This property offers comfort, livability, and the charm expected in a desert retreat,
Location
State CA
County Riverside
Area 334 - Palm Springs South End
Zoning R-2
Interior
Heating Forced Air
Cooling Air Conditioning
Fireplace false
Exterior
Garage Spaces 1.0
Pool Community, In Ground
View Y/N true
View Mountain(s), Pool
Private Pool Yes
Building
Story 1
Entry Level One
Sewer In Street Paid
Architectural Style Hacienda, Spanish
Level or Stories One
Others
Senior Community No
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard