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495 Twin Palms Dr
Palm Springs, CA 92264 Outlying Palm Springs

$7,999,888 USD

Apartments For Sale • 37,700 SF

Property Details

Property Type Apartments
Total Building Size 37,700 SF
Lot Size 2.91 AC
Building Class B
Year Built 1965
Zoning RTP

28 Transit Score

44 Walk Score

                
                    Highlights
                
                                ProForma CAP rate of 8.50%. The Pro Forma CAP rate is achieved with all units being at a market rental rate.  
                            
                                Recent Capital Improvements exceeding $300,000 within the last year.
                            
                                ProForma GRM of 7.15, with a current GRM of 7.76
                            
                                Located near the heart of Downtown Palms Springs. 
                            
                                Tenants pay for electric and gas through Ratio Utility Billing System (RUBS)

Amenities

24 Hour Access
Air Conditioning
Cable Ready
Dishwasher
Laundry Facilities
Pool
Property Manager on Site
Spa
Grill
Walking/Biking Trails
Refrigerator
Range
Wi-Fi
Double Pane Windows
Patio
Wheelchair Accessible (Rooms)
Walk-Up

Public Transportation

Commuter Rail	Drive	Walk	Distance
Palm Springs Amtrak (Sunset Limited - Amtrak, Texas Eagle - Amtrak)	16 min	-	7.3 mi
Airport	Drive	Walk	Distance
Palm Springs International	13 min	-	6.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	51
Type:	Surface
Included in Rent:	Yes

Anthony Le 714-423-3819 Le Investment Group

495 Twin Palms Dr Palm Springs, CA 92264 Outlying Palm Springs