525 S Thornhill RD Palm Springs, CA 92264
5 Beds
5 Baths
3,250 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,250 sqft
Price per Sqft $407
Subdivision Warm Sands
MLS Listing ID 219138230
Style Hacienda,Spanish
Bedrooms 5
Full Baths 5
HOA Y/N No
Year Built 1978
Lot Size 0.340 Acres
Acres 0.34
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 (#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 - 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
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