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Sold
$3,000,000
Sold On 2022-07-28
Image Number 1 for 555 S Thornhill Road in Palm Springs

Overview

MLS # 219078829DA
Listed on 2022-05-06
Status Sold
Price $2,995,000
Type Residential Income
Size of home 5,562 sq ft
Beds / Baths 9 / 9.00
Size of lot 14,375 sq ft
Neighborhood Warm Sands
Location address 555 S Thornhill Road
Palm Springs 92264

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.

General Information

Original List Price $3,250,000
Price Per Sq/Ft $538
Furnished No
Land Type Fee
Land Lease Expires N/A
Pool Yes
Pool Description Gunite, Heated, In Ground, Private
Spa Yes
Year Built 1968
View Mountains
Interior Features Laundry Closet Stacked, Pre-wired for high speed Data, Recessed Lighting
Flooring Carpet, Ceramic Tile
Appliances Microwave, Range, Range Hood
Patio Features Concrete Slab, Enclosed, Other - See Remarks
Laundry In Closet
Fireplace No
Heating Type Electric, Heat Pump
Cooling Type Air Conditioning, Ceiling Fan, Dual, Electric, Gas, Heat Pump(s)
Parking Spaces 9
Parking Type Assigned, Side By Side

Courtesy of: Doug Fischer / Coldwell Banker Realty

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