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Listed by DARREN CORREA • LE INVESTMENT GROUP
$ 7,500,000
Est. payment /mo
Price Dropped by $499K
495 East Twin Palms Drive Palm Springs, CA 92264
37,700 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 37,700 sqft
Price per Sqft $198
MLS Listing ID IV-25172556
Year Built 1965
Lot Size 2.340 Acres
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
The Twin Palms Villas 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 (41) One bedroom / One bathroom units and (10) Two bedroom /One bathroom units. The current ownership's emphasis has been on quality updates which include capital improvements exceeding $300,000 within the last year. Some of these improvements include parking lot re-done, floor replacement, window replacement, HVAC replacement, rehab expenses, landscaping expenses, plumbing replacement, and numerous other quality updates
Location
State CA
County Riverside
Area 334 - Palm Springs South End
Zoning RTP
Interior
Laundry Common Area
Exterior
Pool Community, Fenced
Community Features Sidewalks
Building
Lot Description Corner Lot, Lot 20000-39999 Sqft
Sewer Public Sewer