595 S Thornhill RD, Palm Springs, CA 92264
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595 S Thornhill RD, Palm Springs, CA 92264
595 S Thornhill RD, Palm Springs, CA 92264
595 S Thornhill RD, Palm Springs, CA 92264
595 S Thornhill RD, Palm Springs, CA 92264
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John Hickey

John Hickey

+1(818) 434-6696
$ 925,000
Est. payment /mo
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595 S Thornhill RD Palm Springs, CA 92264

0.34 Acres Lot

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Warm Sands

MLS Listing ID 219151275DA

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1958

Lot Size 0.340 Acres

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.Vacancy in on Studio and the 2 bed, 2 bath unit (needs remodeling).Solar lease is $524.85 per month with Sun run. Expires in 2035. Current buy out is $46,455.88.

Location

State CA

County Riverside

Area 334 - South End Palm Springs

Interior

Interior Features Utility Room

Heating None

Cooling Central Air

Fireplace No

Appliance Electric Range, Disposal, Gas Range, Refrigerator, Water Heater

Exterior

Parking Features Unassigned

Pool Gunite, In Ground

View Y/N Yes

View Mountain(s)

Total Parking Spaces 8

Private Pool Yes

Building

Story 1

Entry Level One

Sewer Unknown

Level or Stories One

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 508220005

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Elaine Stewart RE/MAX All-Pro #01169846

NEARBY SCHOOLS & PROPERTIES

John Hickey

John Hickey

Agent | License ID: 00985364

+1(818) 434-6696

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595 S Thornhill RD