$ 1,325,000
-
$1,325,000
Price -
5
Bed -
5
Bath -
3,250
SqFt
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About the Listing DML-oD22725 - DML-D82613,DML-D79679
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.
Listing Highlights
Status
Active
Days on Site
46
Property Type
Multi-Family
MLS ®
219138230DA
Year Built
1978
Total Square Footage
3,250
Lot/Acreage
0.34
County
Riverside
Interior Details
- Bedrooms: 5
- Bathrooms: 5 Full
- Appliances: Microwave, Oven-Electric, Range
- Air Cond: Air Conditioning
- Heating: Forced Air
- Fireplaces:
- Floor: Mixed
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Living Room
- Water:
Exterior Details
- Lot Description: Yard
- Garage Capacity: 1 car
- Parking Spaces: 15
- Roof:
- Others: Updated/Remodeled
- Sewer: In Street Paid
- Parking Features: Carport Detached,Detached
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
525 S Thornhill Rd Palm Springs, CA 92264
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