555 S Thornhill Road, Palm Springs, CA 92264
$3,000,000
Property Type:
Residential Income
Bedrooms:
9
Baths:
9
Square Footage:
5,562
Status:
Closed
Current Price:
$3,000,000
List Date:
5/16/2022
Last Modified:
11/19/2024
Description
Thornhill Villas, a boutique apartment building which has been beautifully transformed! Originally built for Louise Lavelle of Louise's Pantry fame, this exceptional offering now boasts 8 unique villa homes where no stone was left unturned. An over $500k original remodel in 2014/2015 netted 2 new units from the original 6. All new kitchens, baths, a/c & heat equipment, new electric metering and master panels, all new dual glazed windows, new facade and added parking. Many additional projects over the years and exceptionally maintained. Long term happy tenants enjoy a solar heated sparking pool with units boasting substantial private tiled patios/ yard space & individual washers & dryers. A secure electronic entry opens to a beautiful courtyard with tropical landscapes and direct West mountain views. There is nothing like this on the market & the new owner will have flexibility to retain the existing tenants or consider a combination of seasonal rentals or partial owner occupancy. Areas for managers apartment or office. Compare this to single family homes in the Warm
Sands neighborhood selling upwards of $2.5 million with half the square footage! Seller may consider financing up to 50% of the asking price.
More Information MLS# 219078829
Listing, Location and Property Info
Entry Date: 2022-05-16
Land Type: Fee
General Property Information
Total Units: 8
SqFt Source: Other
Fireplace: No
Building # of Stories: 1
Pool: Yes
Total Bedrooms: 9
Full Baths: 1
3/4 Baths: 8
Total Baths: 9
Approx SqFt: 5562
Lot Size: 14375
Lot Size Source: Assessor
Year Built: 1968
Cross Streets: Camino Primrose
Listing Info
Number of Buildings: 1
Water Heater: Yes
Laundry: Yes
Laundry Equipment: Own
Tax Info
Tax Mello Roos: Unknown
Property Info
View: Yes
Senior Community: No
Gated Community: No
Counts
# Electric Meters: 8
# Gas Meter: 8
# of Dishwashers: 7
# of Disposals: 8
# of Patios: 8
# of Ranges: 7
# of Refrigerators: 8
# Water Meters: 1
Income & Expenses
Actual Total Rent $: 12101
Annual Gross Rent $: 145212
Gross Annual Income $: 145212
Gross Schedule Income $: 145212
Net Operating Income $: 91298
Cable TV $: 1140
Electricity $: 1740
Gardener $: 5400
Insurance $: 3550
Pest Control $: 780
Pool Expense $: 2100
Trash $: 1680
Water Expense $: 1584
Tax Rate %: 1.2
Total Taxes $: 35940
Owner Pays
Gardener: 1
Pool Service: 1
Trash Collection: 1
Water: 1
Tenant Pays
Electricity: 1
Gas: 1
Sale Type
Standard: 1
Road Surface Type
Paved: 1
Listing Terms
Cash: 1
Cash to New Loan: 1
Owner May Carry: 1
Owner Will Carry: 1
Possession
Subject To Tenants Rights: 1
Showing Access
Other: 1
Parking Spaces/Information
Total Covered Spaces: 0
Total Uncovered/Assigned Spaces: 8
Lot Description
Landscaped: 1
Level: 1
Rectangular Lot: 1
Street Public: 1
View Type
Mountain(s): 1
Property Condition
Updated/Remodeled: 1
Irrigation
Sprinkler System: 1
Sprinkler Timer: 1
Disclosures
Owner Has Real Estate License: 1
Levels
Ground: 1
Ground Level, No Unit Above: 1
One: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Exhaust Fan: 1
Gas Range: 1
Microwave Oven: 1
Refrigerator: 1
Washer: 1
Range Hood
Yes: 1
Kitchen Features
Granite Counters: 1
Quartz Counters: 1
Remodeled: 1
Bedroom Features
All Bedrooms Down: 1
Main Floor Bedroom: 1
Main Floor Primary Bedroom: 1
Bathroom Features
Remodeled: 1
Tile Shower: 1
Exterior Construction
Stucco: 1
Foundation
Slab: 1
Flooring
Carpet: 1
Ceramic Tile: 1
Cooling Type
Air Conditioning: 1
Ceiling Fan(s): 1
Dual: 1
Electric: 1
Gas: 1
Heat Pump: 1
Pool Location
Private: 1
Pool Construction
Gunite: 1
In Ground: 1
Pool Description
Gunite: 1
Heated: 1
Heated Electric: 1
In Ground: 1
Private: 1
Solar Heated: 1
Heating
Heat Pump: 1
Heating Fuel
Electric: 1
Rooms
Other: 1
Interior Features
Hi-Speed Data Wiring: 1
Laundry-Closet Stack: 1
Recessed Lighting: 1
Laundry
In Closet: 1
Security Safety
Card/Code Access: 1
Other: 1
Window Treatments
Blinds: 1
Shutters: 1
Vertical Blinds: 1
Roofing
Composition Shingle: 1
Other: 1
Patio Features
Concrete Slab: 1
Enclosed: 1
Other: 1
Sewer
In, Connected and Paid: 1
Water
Water District: 1
Water District Name: Desert Water Agency
Water Heater Feature
Gas: 1
Parking
Assigned: 1
Side By Side: 1
Contingent Upon
Inspection: 1
Land Lease Type
Fee Simple: 1
Listing Location and Property Info
APN: 508220003
Status: Closed
Listing Date: 2022-05-06
Original List Price: 3250000
Sold Price: $3,000,000
Current Price: $3,000,000
Street #: 555
Street Direction: S
Street Name: Thornhill
Street Suffix: Road
County: Riverside
State: CA
Zip Code: 92264
Area: 334 - Palm Springs South End
Neighborhood: Warm Sands
Country: US
Status Change Info
Status Change Date: 2022-07-28
Pending Date: 2022-07-27
Closed Date: 2022-07-28
Closed Price: 3000000
Parking SpacesInformation
Total Garage Spaces: 1
Total Parking Spaces: 9
Property Features
Owner Pays: Gardener; Pool Service; Trash Collection; Water
Tenant Pays: Electricity; Gas
Sale Type: Standard
Listing Terms: Cash; Cash to New Loan; Owner May Carry; Owner Will Carry
Possession: Subject To Tenants Rights
Showing Access: Other
Lot Description: Landscaped; Level; Rectangular Lot; Street Public
View Type: Mountain(s)
Property Condition: Updated/Remodeled
Irrigation: Sprinkler System; Sprinkler Timer
Disclosures: Owner Has Real Estate License
Levels: Ground; Ground Level, No Unit Above; One
Appliances: Dishwasher; Disposal; Dryer; Exhaust Fan; Gas Range; Microwave Oven; Refrigerator; Washer
Range Hood: Yes
Kitchen Features: Granite Counters; Quartz Counters; Remodeled
Bedroom Features: All Bedrooms Down; Main Floor Bedroom; Main Floor Primary Bedroom
Bathroom Features: Remodeled; Tile Shower
Exterior Construction: Stucco
Foundation: Slab
Flooring: Carpet; Ceramic Tile
Cooling Type: Air Conditioning; Ceiling Fan(s); Dual; Electric; Gas; Heat Pump
Pool Location: Private
Pool Construction: Gunite; In Ground
Pool Description: Gunite; Heated; Heated Electric; In Ground; Private; Solar Heated
Heating: Heat Pump
Heating Fuel: Electric
Rooms: Other
Interior Features: Hi-Speed Data Wiring; Laundry-Closet Stack; Recessed Lighting
Laundry: In Closet
Security Safety: Card/Code Access; Other
Window Treatments: Blinds; Shutters; Vertical Blinds
Roofing: Composition Shingle; Other
Patio Features: Concrete Slab; Enclosed; Other
Sewer: In, Connected and Paid
Water: Water District
Water Heater Feature: Gas
Parking: Assigned; Side By Side
Road Surface Type: Paved
Contingent Upon: Inspection
Land Lease Type: Fee Simple
Documents
Listing Office:
Coldwell Banker Realty
Listing Agent:
Doug Fischer
Last Updated: November - 19 - 2024
Information deemed reliable but not guaranteed.
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