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525 S Thornhill Road, Palm Springs, CA 92264

$1,200,000

Unit 4 bathroom showing laundry and rear yard door

Available space for additional unit or parking

Property Type: Residential Income Bedrooms: 5 Baths: 5 Square Footage: 3,250 Lot Size (sq. ft.): 14,810 Status: Closed

Current Price: $1,200,000 List Date: 11/05/2025 Last Modified: 5/04/2026

Overview

Description

NEW LOWERED PRICE!!! Welcome to 525 S Thornhill Rd, an exceptional five-residence multifamily offering nestled in the timeless allure of Palm Springs. This boutique investment property blends stable income performance with remarkable long-term upside, making it a rare opportunity in one of Southern California's most sought-after destinations. Currently 80% occupied, minus the owner's unit (#4) which will generate an additional $2100 per month. At full occupancy the property will obtain a projected stabilized income of approximately $108,000—positioning it as both a reliable asset and a premium value-add candidate. Pro forma annual income would be $121,200 at market rents. Along with annual expenses of approximately $32,266.50 this provides a potential $88,933.50 annual net income (6.71% cap rate). There are 6 electric and gas meters., one for the common utilities and each residence has their individual meter. Each unit comprises of approximately 650 sq ft. with a layout of 1 be ... (Read more)

Listing Details MLS# 219138230

General Property Information

Total Units: 5
Total Bedrooms: 5
Full Baths: 5
Total Baths: 5
Approx SqFt: 3250
SqFt Source: Other
Fireplace: No
Building # of Stories: Yes
Pool: Yes
Lot Acres: 0.34
Lot Size Source: Assessor
Zoning: R-2
Zoning Source: Assessor
Year Built: 1978
Cross Streets: Ramon Rd & Thornhill

Property Features

Owner Pays: Gardener; Pool Service; Water Tenant Pays: Cable TV; Electricity; Gas; Other Sale Type: Standard Listing Terms: Cash; Cash to New Loan Possession: Close Of Escrow Lot Description: Yard View Type: Mountain(s); Pool Property Condition: Updated/Remodeled Disclosures: Pet Restrictions; None Building Style: Hacienda; Spanish Levels: One Appliances: Dishwasher; Electric Oven; Microwave Oven; Refrigerator Flooring: Mixed Cooling Type: Air Conditioning Pool Location: Community Pool Construction: In Ground Pool Description: Community; In Ground Heating: Forced Air Rooms: Living Room Security Safety: Community Sewer: In Street Paid Parking: Detached Carport Contingent Upon: Appraisal; Inspection; Loan Approval Land Lease Type: Fee Simple

Listing Location and Property Info

APN: 508220002
Original List Price: 1525000
Street #: 525
Street Direction: S
Street Name: Thornhill
Street Suffix: Road
County: Riverside
State: CA
Zip Code: 92264
Area: 334 - Palm Springs South End
Country: US

Listing Info

Number of Buildings: 2
Water Heater: Yes
Laundry: Yes
Laundry Equipment: Own

Tax Info

Tax Mello Roos: Unknown

Property Info

Senior Community: No
Gated Community: No
View: Yes

More Information

Status Change Info

Status Change Date: 2026-02-25
Pending Date: 2026-02-23
Closed Date: 2026-02-25
Closed Price: 1200000

Counts

# Electric Meters: 6
# Gas Meter: 6
# Water Meters: Yes

Parking SpacesInformation

Total Carport Spaces: 7
Total Garage Spaces: Yes
Total Parking Spaces: 15

Listing, Location and Property Info

Entry Date: 2025-11-04
Land Type: Fee

Owner Pays

Gardener: Yes
Pool Service: Yes
Water: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Gas: Yes
Other: Yes

Sale Type

Standard: Yes

Listing Terms

Cash: Yes
Cash to New Loan: Yes

Possession

Close Of Escrow: Yes

Parking Spaces/Information

Total Covered Spaces: 5
Total Uncovered/Assigned Spaces: 2

Lot Description

Yard: Yes

View Type

Mountain(s): Yes
Pool: Yes

Property Condition

Updated/Remodeled: Yes

Disclosures

Pet Restrictions: Yes
None: Yes

Building Style

Hacienda: Yes
Spanish: Yes

Levels

One: Yes

Appliances

Dishwasher: Yes
Electric Oven: Yes
Microwave Oven: Yes
Refrigerator: Yes

Flooring

Mixed: Yes

Cooling Type

Air Conditioning: Yes

Pool Location

Community: Yes

Pool Construction

In Ground: Yes

Pool Description

Community: Yes
In Ground: Yes

Heating

Forced Air: Yes

Rooms

Living Room: Yes

Security Safety

Community: Yes

Sewer

In Street Paid: Yes

Parking

Detached Carport: Yes

Contingent Upon

Appraisal: Yes
Inspection: Yes
Loan Approval: Yes

Land Lease Type

Fee Simple: Yes

Documents

Offering Memorandum ›

Listing Office: HomeSmart

Listing Agent: Richard H MacMillan

Last Updated: May - 04 - 2026

Information deemed reliable but not guaranteed.

760.799.7770