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495 E Twin Palms Drive

Palm Springs, CA 92264
  • $10,900,888
  • STATUS: ACTIVE
  • ON SITE: 42 Days
  • ID#: IV23199341
$10,900,888
  • 3
    BEDS
  • 2.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
County:

School Ratings & Info

Description

The Twin Palms Apartments 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 (42) One bedroom / One-bathroom units and (9) Two bedroom / One-bathroom units. The current ownerships emphasis has been on quality updates which include capital improvements exceeding $250,000 within the last year. Some of these improvements include floor replacement, window replacement, HVAC replacement, rehab expenses, landscaping expenses, plumbing replacement, and numerous other quality updates. The Twin Palms Apartments 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 (42) One bedroom / One-bathroom units and (9) Two bedroom / One-bathroom units. The current ownerships emphasis has been on quality updates which include capital improvements exceeding $250,000 within the last year. Some of these improvements include floor replacement, window replacement, HVAC replacement, rehab expenses, landscaping expenses, plumbing replacement, and numerous other quality updates.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
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495 E Twin Palms Drive Palm Springs, CA 92264

  • Price: $10,900,888
  • Status: ACTIVE
  • On Site: 42 Days
  • ID#: IV23199341
3
Beds
0
Baths
0
½ Baths
2.34
Acres
Neighborhood:
Riv Cty-Palm Springs (92264)
County:
Riverside
Area:
Riv Cty-Palm Springs (92264)
Property Description
The Twin Palms Apartments 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 (42) One bedroom / One-bathroom units and (9) Two bedroom / One-bathroom units. The current ownerships emphasis has been on quality updates which include capital improvements exceeding $250,000 within the last year. Some of these improvements include floor replacement, window replacement, HVAC replacement, rehab expenses, landscaping expenses, plumbing replacement, and numerous other quality updates. The Twin Palms Apartments 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 (42) One bedroom / One-bathroom units and (9) Two bedroom / One-bathroom units. The current ownerships emphasis has been on quality updates which include capital improvements exceeding $250,000 within the last year. Some of these improvements include floor replacement, window replacement, HVAC replacement, rehab expenses, landscaping expenses, plumbing replacement, and numerous other quality updates.
Exterior Features

Parking Garage Desc Unit1 Assigned Pool Community/Common Site Corner LotSidewalks

Interior Features

Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1

Property Features

Annual Expense Actual 437929 Buildings 5 Cfd Mello Roos Fee 13087.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 1183200 Monthly Total Fees 1090 Terms Conventional Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 1600.0 Unit2 Rent Actual 2000.0 Zoning Public Rec

San Diego MLS logo Listing provided courtesy of Darren Correa of Le Investment Group: 714-310-2840. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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