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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
Listing Office: Coldwell Banker Realty
Listing Agent: Doug Fischer
Last Updated: November - 19 - 2024
Information deemed reliable but not guaranteed.

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