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525 S Thornhill Road, Palm Springs, CA 92264

Local realty services provided by:CENTURY 21 Cornerstone
525 S Thornhill Road,Palm Springs, CA 92264
$1,325,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: richard macmillan, paige maccio-smith
Office: homesmart
MLS#:219138230DA
Source:CRMLS

Price summary

  • Price:$1,325,000

About this home

NEW LOWERED PRICE!!!Welcome to 525 S Thornhill Rd, an exceptional five-residence multifamily offering nestled in the timeless allure of Palm Springs. This boutique investment property blends stable income performance with remarkable long-term upside, making it a rare opportunity in one of Southern California's most sought-after destinations.Currently 80% occupied, minus the owner's unit (#4) which will generate an additional $2100 per month. At full occupancy the property will obtain a projected stabilized income of approximately $108,000--positioning it as both a reliable asset and a premium value-add candidate. Pro forma annual income would be $121,200 at market rents. Along with annual expenses of approximately $32,266.50 this provides a potential $88,933.50 annual net income (6.71% cap rate). There are 6 electric and gas meters., one for the common utilities and each residence has their individual meter. Each unit comprises of approximately 650 sq ft. with a layout of 1 bedroom

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Home facts

  • Year built:1978
  • Listing ID #:219138230DA
  • Added:83 day(s) ago
  • Updated:January 25, 2026 at 11:31 AM

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1978
  • Lot area:0.34 Acres

Finances and disclosures

  • Price:$1,325,000
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