595 S Thornhill Road, Palm Springs, CA 92264
- $925,000
- List Price
- $925,000
- Status
- ACTIVE
- MLS#
- 219151275DA
- Year Built
- 1958
- Lot Size
- 14,810
- Acres
- 0.34
- Days on Market
- 1
- Property Type
- Multifamily
- Stories
- One Level
- Neighborhood
- Warm Sands
Property Description
Sago Palms -- Six-Unit Multifamily Property in the heart of Palm Springs.Located in the Warm Sands area of Palm Springs, Sago Palms is a unique six-unit multifamily property with a history as a former hotel. The property offers a mix of residential units, attractive amenities, and stunning mountain views.The property consists of:One, 2-bedroom, 2-bathroom unit with -- currently needs workThree, 1-bedroom, 1-bathroom units -- currently in rentable condition andTwo studio apartments.A total of three gas fireplaces in various units. Community poolShared laundry room -- no additional incomeStreet/open parkingSeparate utility metersLeased solar systemUpgraded plumbingTwo tankless water heatersStunning mountain viewsThe property is being sold AS-IS.There are currently three tenants and one owner-occupant living on the property. All occupants are on month-to-month rental agreements, providing flexibility for a future owner.Current Rental Income:One bedroom units: $1200 per monthTwo bedroom units: $1600 per month.Studio apartments: $1085 per month.
Additional Information
- Appliances
- Electric Range, Disposal, Gas Range, Refrigerator, Water Heater
- Pool
- Yes
- Pool Description
- Gunite, In Ground
- Heat
- None
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- Mountain(s)
- Sewer
- Unknown
- Interior Features
- Utility Room
- Attached Structure
- Attached
- Number Of Units Total
- 6
- Operating Expense
- 21447
Listing courtesy of Listing Agent: Elaine Stewart (desertrealestate1@yahoo.com) from Listing Office: RE/MAX All-Pro.
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