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555 S Thornhill Road, Palm Springs, CA 92264

$3,000,000

Property Type: Residential Income Bedrooms: 9 Baths: 9 Square Footage: 5,562 Status: Closed

Current Price: $3,000,000 List Date: 5/16/2022 Last Modified: 11/19/2024

Overview

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 ... (Read more)

Listing Details MLS# 219078829

General Property Information

Total Units: 8
Total Bedrooms: 9
Full Baths: Yes
3/4 Baths: 8
Total Baths: 9
Approx SqFt: 5562
SqFt Source: Other
Fireplace: No
Building # of Stories: Yes
Pool: Yes
Lot Size Source: Assessor
Year Built: 1968
Cross Streets: Camino Primrose

Property Features

Owner Pays: Gardener; Pool Service; Trash Collection; Water Tenant Pays: Electricity; Gas Sale Type: Standard Listing Terms: Cash; Cash to New Loan; Owner May Carry; Owner Will Carry Possession: Subject To Tenants Rights Showing Access: Other Lot Description: Landscaped; Level; Rectangular Lot; Street Public View Type: Mountain(s) Property Condition: Updated/Remodeled Irrigation: Sprinkler System; Sprinkler Timer Disclosures: Owner Has Real Estate License Levels: Ground; Ground Level, No Unit Above; One Appliances: Dishwasher; Disposal; Dryer; Exhaust Fan; Gas Range; Microwave Oven; Refrigerator; Washer Range Hood: Yes Kitchen Features: Granite Counters; Quartz Counters; Remodeled Bedroom Features: All Bedrooms Down; Main Floor Bedroom; Main Floor Primary Bedroom Bathroom Features: Remodeled; Tile Shower Exterior Construction: Stucco Foundation: Slab Flooring: Carpet; Ceramic Tile Cooling Type: Air Conditioning; Ceiling Fan(s); Dual; Electric; Gas; Heat Pump Pool Location: Private Pool Construction: Gunite; In Ground Pool Description: Gunite; Heated; Heated Electric; In Ground; Private; Solar Heated Heating: Heat Pump Heating Fuel: Electric Rooms: Other Interior Features: Hi-Speed Data Wiring; Laundry-Closet Stack; Recessed Lighting Laundry: In Closet Security Safety: Card/Code Access; Other Window Treatments: Blinds; Shutters; Vertical Blinds Roofing: Composition Shingle; Other Patio Features: Concrete Slab; Enclosed; Other Sewer: In, Connected and Paid Water: Water District Water Heater Feature: Gas Parking: Assigned; Side By Side Road Surface Type: Paved Contingent Upon: Inspection Land Lease Type: Fee Simple

Listing Location and Property Info

APN: 508220003
Original List Price: 3250000
Street #: 555
Street Direction: S
Street Name: Thornhill
Street Suffix: Road
County: Riverside
State: CA
Zip Code: 92264
Area: 334 - Palm Springs South End
Neighborhood: Warm Sands
Country: US

Listing Info

Number of Buildings: Yes
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: 2022-07-28
Pending Date: 2022-07-27
Closed Date: 2022-07-28
Closed Price: 3000000

Counts

# Electric Meters: 8
# Gas Meter: 8
# of Dishwashers: 7
# of Disposals: 8
# of Patios: 8
# of Ranges: 7
# of Refrigerators: 8
# Water Meters: Yes

Water

Water District Name: Desert Water Agency
Water District: Yes

Parking SpacesInformation

Total Garage Spaces: Yes
Total Parking Spaces: 9

Listing, Location and Property Info

Entry Date: 2022-05-16
Land Type: Fee

Income & Expenses

Actual Total Rent $: 12101
Annual Gross Rent $: 145212
Gross Annual Income $: 145212
Gross Schedule Income $: 145212
Net Operating Income $: 91298
Cable TV $: 1140
Electricity $: 1740
Gardener $: 5400
Insurance $: 3550
Pest Control $: 780
Pool Expense $: 2100
Trash $: 1680
Water Expense $: 1584
Tax Rate %: 1.2
Total Taxes $: 35940

Owner Pays

Gardener: Yes
Pool Service: Yes
Trash Collection: Yes
Water: Yes

Tenant Pays

Electricity: Yes
Gas: Yes

Sale Type

Standard: Yes

Road Surface Type

Paved: Yes

Listing Terms

Cash: Yes
Cash to New Loan: Yes
Owner May Carry: Yes
Owner Will Carry: Yes

Possession

Subject To Tenants Rights: Yes

Showing Access

Other: Yes

Parking Spaces/Information

Total Covered Spaces: 0
Total Uncovered/Assigned Spaces: 8

Lot Description

Landscaped: Yes
Level: Yes
Rectangular Lot: Yes
Street Public: Yes

View Type

Mountain(s): Yes

Property Condition

Updated/Remodeled: Yes

Irrigation

Sprinkler System: Yes
Sprinkler Timer: Yes

Disclosures

Owner Has Real Estate License: Yes

Levels

Ground: Yes
Ground Level, No Unit Above: Yes
One: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Exhaust Fan: Yes
Gas Range: Yes
Microwave Oven: Yes
Refrigerator: Yes
Washer: Yes

Range Hood

Yes: Yes

Kitchen Features

Granite Counters: Yes
Quartz Counters: Yes
Remodeled: Yes

Bedroom Features

All Bedrooms Down: Yes
Main Floor Bedroom: Yes
Main Floor Primary Bedroom: Yes

Bathroom Features

Remodeled: Yes
Tile Shower: Yes

Exterior Construction

Stucco: Yes

Foundation

Slab: Yes

Flooring

Carpet: Yes
Ceramic Tile: Yes

Cooling Type

Air Conditioning: Yes
Ceiling Fan(s): Yes
Dual: Yes
Electric: Yes
Gas: Yes
Heat Pump: Yes

Pool Location

Private: Yes

Pool Construction

Gunite: Yes
In Ground: Yes

Pool Description

Gunite: Yes
Heated: Yes
Heated Electric: Yes
In Ground: Yes
Private: Yes
Solar Heated: Yes

Heating

Heat Pump: Yes

Heating Fuel

Electric: Yes

Rooms

Other: Yes

Interior Features

Hi-Speed Data Wiring: Yes
Laundry-Closet Stack: Yes
Recessed Lighting: Yes

Laundry

In Closet: Yes

Security Safety

Card/Code Access: Yes
Other: Yes

Window Treatments

Blinds: Yes
Shutters: Yes
Vertical Blinds: Yes

Roofing

Composition Shingle: Yes
Other: Yes

Patio Features

Concrete Slab: Yes
Enclosed: Yes
Other: Yes

Sewer

In, Connected and Paid: Yes

Water Heater Feature

Gas: Yes

Parking

Assigned: Yes
Side By Side: Yes

Contingent Upon

Inspection: Yes

Land Lease Type

Fee Simple: Yes

Documents

Renovation Overview ›

Rental Agreement Information ›

Income Expenses and Rent Roll ACTUAL ›

Income Expenses and Rent Roll PROJECTED ›

Listing Office: Coldwell Banker Realty

Listing Agent: Doug Fischer

Last Updated: November - 19 - 2024

Information deemed reliable but not guaranteed.

760.799.7770