NOT LISTED FOR SALE
3 Beds
2 Baths
9,600 Sq Ft
0.63 Acres

Last Sold November 26, 2014

Last sale price $1,270,000 $132 Per Sq Ft

116 Days on Market

Highlights

  • Private Pool
  • Palm Springs High School Rated A-
  • 0.63 Acre Lot

About This Home

As of November 2014

The Thornhill Apartments, a 12-unit multi-family complex located in the heart of the highly desirable Warm Sands area in South Palm Springs, California. The Thornhill Apartments are within walking distance to all of the entertainment, shopping and dining venues of downtown. The neighborhood remains a world unto itself, one that is a microcosm of everything Palm Springs has to offer. Blessed by a tranquil south-end climate, Thornhill Apartments is nicely sheltered from the strong winds that are common to the northern section of the city.

The Thornhill Apartments were constructed in 1970, is situated on 0.60 acres on fee simple landand is constructed of wood framing with a stucco exterior. The property is gated and access controlled with several amenities such as a sparkling pool and an on-site laundry facility. The property consists of four; one-story buildings with pitched tiled and flat rolled roofs. Parking consists of approximately 16 open spaces and there is ample street parking in front of the property. The property features 12-units consisting of eight, one-bedroom/one-bathroom units and four, two-bedroom/one-and-half bathrooms that boast large floor plans and amenities.

Last Agent to Sell the Property

Alex Garcia

MARCUS & MILLICHAP License #01072982 Listed on: 07/03/2014

Last Buyer's Agent

Alex Garcia

MARCUS & MILLICHAP License #01072982 Listed on: 07/03/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 0.63 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 9,600 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Pool

  • Private Pool

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 21
  • Assessor Parcel Number 508233015

Community Details

Overview

  • 4 Buildings
  • 12 Units

Recreation

  • Community Pool

Building Details

  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 12 Separate Water Meters
  • Electric Expense $4,425
  • Insurance Expense $3,300
  • Maintenance Expense $8,806
  • Other Expense $7,288
  • Professional Management Expense $5,500
  • Trash Expense $4,425
  • Water Sewer Expense $4,425
  • New Taxes Expense $16,870
  • Gross Income $116,076
  • Net Operating Income $55,287

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Professional Management Expense: 5500.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4425.00
  • Property Type: Residential Income
  • Parcel Number: 508233015
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 132.29

Exterior Features

  • Pool Features: Community
  • Pool Private: Yes

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 4425.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 27264.00
  • Lot Size Acres: 0.6260

Multi Family

  • Electric Expense: 4425.00
  • Gross Income: 116076.00
  • Gross Scheduled Income: 116076.00
  • Insurance Expense: 3300.00
  • Lot Size Area: 27264.0000 Square Feet
  • Maintenance Expense: 8806.00
  • Net Operating Income: 55287.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 12
  • Number Of Units Total: 12
  • Operating Expense: 55039.00
  • Other Expense: 7288.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 16870.00
  • Tax Lot: 20
  • Tax Tract Number: 21
  • Tax Year: 2013

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2014 11/26/14 Sold $1,270,000 -5.9% $132 / Sq Ft
10/27/2014 10/27/14 Pending -- -- --
07/03/2014 07/03/14 For Sale $1,350,000 -- $141 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV14142751

California Regional Multiple Listing Service (CRMLS)

APN: 508-233-015