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555 S Thornhill Road

Palm Springs, CA 92264
  • $2,995,000
  • STATUS: Active
  • ON SITE: 44 Days
  • MLS #: 219078829
Price Reduced
UPDATED: 39 min ago
$2,995,000
  • 9
    BEDS
  • 0.33
    ACRES
  • 9
    BATHS
  • 0
    1/2 BATHS
  • 5,562
    SQFT
  • $538
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1968
County:

School Ratings & Info

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.

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©2022 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Glaab and Associates | Bennion Deville Homes. Based on information from the California Desert Association of Realtors as of 2022-06-30T12:37:02.377. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
www.janiceglaab.com/homes/128760876
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555 S Thornhill Road Palm Springs, CA 92264

  • Price: $2,995,000
  • Status: Active
  • On Site: 44 Days
  • Updated: 39 min ago
  • MLS #: 219078829
9
Beds
9
Baths
0
½ Baths
0.33
Acres
5,562
SQFT
$538
$/SQFT
1968
Built
Neighborhood:
Not Applicable
County:
Riverside
Area:
334 - Palm Springs South End
Property 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.
Exterior Features

Exterior Construction Stucco Foundation Slab Gated Community No Levels GroundGround LevelNo Unit AboveOne Parking AssignedSide By Side Patio Features Concrete SlabEnclosedOther Roofing Composition ShingleOther Total Carport Spaces 0.00 Total Covered Spaces 0.00 Total Parking Spaces 9.00 Total Uncovered Assigned Spaces 8.00 View Yes View Type Mountain(S) Window Treatments BlindsShuttersVertical Blinds

Interior Features

Appliances DishwasherDisposalDryerExhaust FanGas RangeMicrowave OvenRefrigeratorWasher Bathroom Features RemodeledTile Shower Bedroom Features All Bedrooms DownMain Floor BedroomMain Floor Master Bedroom Cooling Type Air ConditioningCeiling Fan(S)DualElectricGasHeat Pump Fireplace No Flooring CarpetCeramic Tile Heating Heat Pump Heating Fuel Electric Kitchen Features Granite CountersQuartz CountersRemodeled Rooms Other Total Fireplaces 1

Property Features

Gross Annual Income Amount 139872.00 Gross Schedule Income Amount 139872.00 Land Type Fee Simple Laundry Yes Laundry Equipment Own Laundry Location In Closet Listing Terms CashCash To New LoanOwner May CarryOwner Will Carry Lot Description LandscapedLevelRectangular LotStreet PavedStreet Public Neighborhood Warm Sands Net Operating Income Amount 82898.00 Owner Pays GardenerPool ServiceTrash CollectionWater Pool Yes Pool Construction GuniteIn Ground Pool Description GuniteHeatedHeated ElectricIn GroundPrivateSolar Heated Pool Location Private Property Attached Detached Yes Property Condition Updated/Remodeled Sale Type Standard Security Safety Card/Code AccessOther Senior Community No Sewer InConnected And Paid Spa Hot Tub No Tax Mello Roos Unknown Tax Rate Percent 1.20 Tenant Pays ElectricityGas Total Taxes Amount 35940.00 Water Water District Water District Name Desert Water Agency Water Heater Yes Water Heater Feature Gas

Listing information © 2022 California Desert Association of Realtors.
Listing provided courtesy of Doug Fischer of Coldwell Banker Realty.
©2022 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Glaab and Associates | Bennion Deville Homes. Based on information from the California Desert Association of Realtors as of 2022-06-30T12:37:02.377. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
 
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Glaab and Associates | Bennion Deville Homes
44530 San Pablo, Suite 101
Palm Desert CA, 92260