595 S Thornhill Road,Palm Springs, CA 92264
Palm Springs, CA 92264
Description
Sago Palms -- Six-Unit Multifamily Property in the heart of Palm Springs.Located in the Warm Sands area of Palm Springs, Sago Palms is a unique six-unit multifamily property with a history as a former hotel. The property offers a mix of residential units, attractive amenities, and stunning mountain views.The property consists of:One, 2-bedroom, 2-bathroom unit with -- currently needs workThree, 1-bedroom, 1-bathroom units -- currently in rentable condition andTwo studio apartments.A total of three gas fireplaces in various units. Community poolShared laundry room -- no additional incomeStreet/open parkingSeparate utility metersLeased solar systemUpgraded plumbingTwo tankless water heatersStunning mountain viewsThe property is being sold AS-IS.There are currently three tenants and one owner-occupant living on the property. All occupants are on month-to-month rental agreements, providing flexibility for a future owner.Current Rental Income:One bedroom units: $1200 per monthTwo bedroom units: $1600 per month.Studio apartments: $1085 per month.Vacancy in on Studio and the 2 bed, 2 bath unit (needs remodeling).Solar lease is $524.85 per month with Sun run. Expires in 2035. Current buy out is $46,455.88.
Details
| MLS # | 219151275DA |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1958 |
| Days On Site | 11 |
| Listing Provided By | RE/MAX All-Pro | Elaine Stewart |
Features
| Pool | Yes |
|---|---|
| Story(s) | 1 |
| Units | 6 |
| Building(s) | 1 |
| Acreage | 0.34 |
| Property View | Yes |
Interior
| Cooling | Central Air |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | Yes |
| Interior Features | Utility Room |
| Appliances | Electric Range, Disposal, Gas Range, Refrigerator, Water Heater |
| Fireplace Yes / No | No |
Parking
| Parking Features | Unassigned |
|---|---|
| Garage Yes / No | No |
Utilities
| Sewer | Unknown |
|---|
Area Information
| State | CA |
|---|---|
| County | Riverside |
| City | Palm Springs |
| Zip Code | 92264 |
| Area | 334 South End Palm Springs |
| Community Name | Warm Sands |
| Listing VS Median (in Warm Sands) | |
Price: $925,000 low | high Med: $899,000 On site: 11 low | high Med: 203 | |
Market Activity 92264
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Learn More About This Property
| State | CA |
|---|---|
| County | Riverside |
| City | Palm Springs |
| Zip Code | 92264 |
| Area | 334 South End Palm Springs |
| Community Name | Warm Sands |
| Listing VS Median (in Warm Sands) | |
Price: $925,000 low | high Med: $899,000 On site: 11 low | high Med: 203 | |
