Spanish

525 S Thornhill Road

Palm Springs , CA 92264

MLS#: 219138230DA

$1,325,000

Status: Active
Listing number: 219138230DA
Listing provided by: HomeSmart
Listing agent phone: None
Last update: 5 days ago
On site: a month ago
Browse Properties
Warm Sands - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1978

Sq.Footage

N/A

NEW LOWERED PRICE!!!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 (#4) which will generate an additional $2100 per month. At full occupancy the property will obtain a projected stabilized income of approximately $108,000--positioning it as both a reliable asset and a premium value-add candidate. Pro forma annual income would be $121,200 at market rents. Along with annual expenses of approximately $32,266.50 this provides a potential $88,933.50 annual net income (6.71% cap rate). There are 6 electric and gas meters., one for the common utilities and each residence has their individual meter. Each unit comprises of approximately 650 sq ft. with a layout of 1 bedroom and 1 bath with private courtyards and 1 assigned parking spot. The property offers a dedicated laundry room along with a common area pool and spa. The property offers comfort, livability, and the charm expected in a desert retreat, attracting quality tenants and sustaining consistent demand.Set against Palm Springs' stunning mountain backdrop, the property sits minutes from world-class golf, boutique shopping, acclaimed dining, and the vibrant downtown scene. Its strategic location and boutique scale make it ideal for investors seeking a high-quality, low-maintenance asset in a premier rental market.Refined, income-producing, and poised for appreciation, 525 S Thornhill Rd is a standout addition to any luxury investment portfolio.Owners' unit available for viewing by appointment only. Call 760-574-2299 to schedule.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    N/A

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    1

  • Parking

    Detached Carport

  • Pool

    Yes

  • Pool Features

    Private, Community, In Ground

  • View

    Mountain(s)

Area & Lot

  • Lot Size(acres)

    0.34

  • Property Type

    Residential Income

  • Architectural Style

    Spanish

Price

  • Sales Price

    $1,325,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    1

  • Senior Community YN

    NO

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Location

County

Riverside

Elementary School

Middle School

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Listing Courtesy of Richard MacMillan , HomeSmart

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(818) 321-0175

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NEW LOWERED PRICE!!!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 (#4) which will generate an additional $2100 per month. At full occupancy the property will obtain a projected stabilized income of approximately $108,000--positioning it as both a reliable asset and a premium value-add candidate. Pro forma annual income would be $121,200 at market rents. Along with annual expenses of approximately $32,266.50 this provides a potential $88,933.50 annual net income (6.71% cap rate). There are 6 electric and gas meters., one for the common utilities and each residence has their individual meter. Each unit comprises of approximately 650 sq ft. with a layout of 1 bedroom and 1 bath with private courtyards and 1 assigned parking spot. The property offers a dedicated laundry room along with a common area pool and spa. The property offers comfort, livability, and the charm expected in a desert retreat, attracting quality tenants and sustaining consistent demand.Set against Palm Springs' stunning mountain backdrop, the property sits minutes from world-class golf, boutique shopping, acclaimed dining, and the vibrant downtown scene. Its strategic location and boutique scale make it ideal for investors seeking a high-quality, low-maintenance asset in a premier rental market.Refined, income-producing, and poised for appreciation, 525 S Thornhill Rd is a standout addition to any luxury investment portfolio.Owners' unit available for viewing by appointment only. Call 760-574-2299 to schedule.

525 S Thornhill Road

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