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Listed by DARREN CORREA • LE INVESTMENT GROUP
$8,999,888
Est. payment /mo
37,700 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 37,700 sqft
Price per Sqft $238
MLS Listing ID CRIV25172556
HOA Y/N No
Year Built 1965
Lot Size 2.340 Acres
Property Sub-Type Other
Source Datashare California Regional
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
Interior
Fireplace No
Laundry Other
Building
Lot Description Corner Lot
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