Overview
MLS #
IV25172556MR
Listed on
2025-07-01
Status
Active
Price
$8,999,888
Type
Residential Income
Subtype
Apartment
Size of home
37,700 sq ft
Beds / Baths
3 / 2.00
Size of lot
101,930 sq ft
Location address
495 E Twin Palms DR
PALM SPRINGS 92264
PALM SPRINGS 92264
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.
General Information
Original List Price
$8,999,888
Price Per Sq/Ft
$239
Furnished
No
Land Type
Lease
Land Lease Expires
N/A
Land Lease $/yr
$48,720
Community Features
Sidewalks
Pool
Yes
Pool Description
Fenced
Spa
Yes
Year Built
1965
Laundry
Laundry Area
Fireplace
No
Parking Spaces
56
Courtesy of:
DARREN CORREA /
LE INVESTMENT GROUP
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