
Courtesy of: Richard H MacMillan, HomeSmart, rhmacmillan@yahoo.com
$1,325,000
|
5 bed
|
|
5.00 Bath (5 Full)
|
|
Lot: 0.34 Acres
|
|
Other
|
$1,325,000
525 S Thornhill Road NEW LOWERED PRICE!!! 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 $1900 per month. At full occupancy the property will obtain a projected stabilized income of approximately $106, 800-positioning it as both a reliable asset and a premium value-add candidate. Pro forma annual income would be $114, 000 at market rents. Along with annual expenses of approximately $31, 383 this provides a potential $82, 617 annual net income (6.2% 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 to schedule.
Courtesy of: Richard H MacMillan, HomeSmart, rhmacmillan@yahoo.com
Copyright © 2025 California Desert Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.