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$ 7,999,888
Est. payment | /mo
3 Beds
2.34 Acres Lot
$ 7,999,888
Est. payment | /mo
3 Beds
2.34 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Twin Palms (33512)
MLS Listing ID IV25172556
Bedrooms 3
Lot Size 2.340 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
The Twin Palms Villas lot totals at 2.34 acres and consisting of 5 buildings and multiple parking lots. The property is located at 495 E Twin Palms Drive, Palm Springs, CA, and is conveniently located a short distance from the Downtown Palm Springs, the Historic Tennis Club, the Palm Springs Art Museum, the Palm Springs International Airport & many major regional employers. This 51 unit apartment community is composed of (41) One bedroom / One bathroom units and (10) Two bedroom /One bathroom units. The current ownerships emphasis has been on quality updates which include capital improvements exceeding $300,000 within the last year. Some of these improvements include parking lot re-done, floor replacement, window replacement, HVAC replacement, rehab expenses, landscaping expenses, plumbing replacement, and numerous other quality updates
Location
State CA
County Riverside
Zoning Public Rec
Direction From S Palm Canyon Dr, head east on E Twin Palms Dr. Property will be on the right, just past S Camino Real.
Interior
Fireplace No
Exterior
Pool Community/Common
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 009602247
Acceptable Financing Conventional
Listing Terms Conventional
Listed by DARREN CORREA LE INVESTMENT GROUP
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”