43
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$1,525,000
Est. payment /mo
1 Bed
1 Bath
800 SqFt
New
525 S Thornhill RD Palm Springs, CA 92264
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 800 sqft
Price per Sqft $1,906
MLS Listing ID 219138230
Bedrooms 1
Full Baths 1
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,
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 - Palm Springs South End
Interior
Heating Forced Air
Cooling Air Conditioning
Fireplace false
Exterior
Garage Spaces 1.0
Pool Community, In Ground
View Y/N false
Private Pool Yes
Building
Story 1
Entry Level One
Sewer In Street Paid
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
Listed by HomeSmart
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