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Julieanne Phan

julieannephan@icloud.com +1(714) 655-1434

$ 1,325,000

Est. payment -/mo

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Active Under Contract

525 S Thornhill RD Palm Springs, CA 92264

0.34 Acres Lot

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Warm Sands

MLS Listing ID 219138230DA

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1978

Lot Size 0.340 Acres

Property Description

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.

Location

State CA

County Riverside

Area 334 - South End Palm Springs

Zoning R-2

Interior

Heating Forced Air

Fireplace No

Appliance Dishwasher, Electric Oven, Microwave, Refrigerator, Water Heater

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 Yes

View Mountain(s)

Total Parking Spaces 15

Private Pool Yes

Building

Lot Description Yard

Story 1

Entry Level One

Architectural Style Spanish

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 508220002

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Richard MacMillan HomeSmart

SCHOOLSPROPERTIES

Elementary Schools 10

8

Cielo Vista Charter

Public | KG - 6
5

Vista del Monte Elementary School

Public | KG - 5
5

Katherine Finchy Elementary School

Public | KG - 5
4

Cahuilla Elementary School

Public | KG - 5
4

Agua Caliente Elementary School

Public | KG - 5
0

Creative Beginnings Montessori-Elementary

Private | PK - 4
0

Creative Beginnings Montessori Center

Private | PK - 4
0

St Theresa Elementary School

Private | PK - 8
0

Kiddie Kollege

Private | PK - KG
0

Montessori School of Palm Springs

Private | PK - 6

Middle Schools 2

4

Raymond Cree Middle School

Public | 6 - 8
0

Ramon Alternative Center

Public | 7 - 10

High Schools 1

7

Palm Springs High School

Public | 9 - 12

School and business data provided by Attom Data.

Julieanne Phan

Broker

+1(714) 655-1434

Julieanne Phan

525 S Thornhill RD Palm Springs, CA 92264

Key Details

Location

Interior

Exterior

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525 S Thornhill RD