Palm Springs, CA 92264,495 E Twin Palms DR
Palm Springs, CA 92264,495 E Twin Palms DR
Palm Springs, CA 92264,495 E Twin Palms DR
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$8,999,888
Est. payment /mo
3 Beds
2 Baths
37,700 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 37,700 sqft

Price per Sqft $238

Subdivision Twin Palms

MLS Listing ID IV25172556MR

Bedrooms 3

Land Lease Amount 48720.0

Year Built 1965

Lot Size 2.340 Acres

Acres 2.0

Property Sub-Type Multi-Family

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 Palm Springs South End

Zoning RTP

Interior

Laundry Laundry Area

Exterior

Garage Spaces 56.0

Pool Fenced

Community Features Sidewalks

Building

Story 1

Sewer Public Sewer

Water Public

Others

Special Listing Condition Standard


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Listed by LE INVESTMENT GROUP

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Kirshner Elkin Properties

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