Price Reduction - Views - Seller Financing
Listing Provided Courtesy Of:
Doug Fischer with Coldwell Banker Realty - (760) 641-8401
Address
555 S Thornhill Road Palm Springs, CA
Price
$ 2,995,000
Property Attributes
  • MLS#219078829DA
  • TypeIncome
  • CountyRIVERSIDE
  • CityPalm Springs
  • AreaSouth End Palm Springs
  • NeighborhoodNot Applicable-1
  • Zip92264
  • Style
  • Price$ 2,995,000
  • Bedrooms8
  • Full Bathrooms8
  • Half Bathrooms0
Listing Provided Courtesy Of:
Doug Fischer with Coldwell Banker Realty - (760) 641-8401
Data Source:
California Regional MLS (CRMLS)
Property 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.

Price History
5/16/2022 Listed $3,250,000
6/28/2022 8% - $2,995,000

General Features

Appliances Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Vented Exhaust Fan, Water Heater
Cooling Dual, Electric, Gas, Heat Pump
Garage Spaces 1
Garage Y/N Yes
Heating Electric, Heat Pump
Interior Features Recessed Lighting
Levels One
Listing Agent Doug Fischer - BRE#01299270
Listing Agent State License 01299270
MLS Area 334 - South End Palm Springs
Open Parking Spaces 8
Pool Features Gunite, Electric Heat, In Ground, Private, Solar Heat
Private Pool Yes
Property Attached Y/N Yes
Property Condition Updated/Remodeled
Property Type Residential Income
Roof Composition, Other
Security Features Key Card Entry
Senior Community Y/N No
Special Listing Conditions Standard
Status Active
Stories 1
Subdivision Name Not Applicable-1
Terms Cash, Cash to New Loan, Owner Will Carry, Owner May Carry
Total Actual Rent 11606
Total Units 8
View Mountain(s)
Water Sewer Expense 1584

Interior Features

Air Conditioning Y/N Yes
Flooring Carpet, Tile
Heating Y/N Yes

Exterior Features

Foundation Details Slab
Lot Features Landscaped, Level, Paved, Rectangular Lot
Lot Size Area 14375
Lot Size Source Assessor
Number of Buildings 1
Number of Separate Electric Meters 8
Number of Separate Gas Meters 8
Number of Separate Water Meters 1
Parking Features Assigned, Side By Side
Total Parking 9
View Y/N Yes

Room Details

Room Dimensions Level Flooring Details
Other

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 92264

Price
AVG $2.96M
$3M
Visits
AVG 24
35
Year Built
AVG 1953
1968
Walkscore
AVG 59
56
Data Provided by Walkscore ® not using MLS data

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