Home For Sale In Palm Springs, California

house for sale

Listed: 03/11/24

625 South Thornhill Road, Palm Springs, CA 92264, USA

7 Bed:

7 Bath:

5,178 Sq Ft Living Area:

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Price

$ 1,85M

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About This House

Exceptional investment opportunity in the heart of Palm Springs. A mid-century inspire and resort-style (6) six-unit apartment building in sought-after Warm Sands neighborhood. The complex offers (5) five large one-bedroom, one-bath apartments and (1) one large two-bedroom, two-bath apartment. There is approx. 5, 178sq. ft. of rentable space on an oversized large.34 acre lot. This private compound is nested in one of the best streets in Warm Sands, protected by lush hedges and mature landscape. The view from the gorgeous pool offers dramatic and picturesque mountain sights, making the property a true one-of-a-kind oasis for its residents. There is a gated entrance and off-street designated parking. Currently the property is fully leased with (6) six quality tenants. The apartment complex offers a stable income and future value-add opportunity. Don't miss out on this one!

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Houses for sale in Palm Springs

Original listing

Palm Springs Housing & Living

Average sale prices for houses

3 bed

Show as List Show as Graph

Month	Median Price
Apr 2024	$1,336,682 (+34.5%)
Mar 2024	$994,072 (0%)
Feb 2024	$994,072 (0%)
Jan 2024	$994,072 (-20.3%)
Dec 2023	$1,247,031 (0%)
Nov 2023	$1,247,031 (0%)

In April 2024, the asking price for 3 bed houses for sale in/near Palm Springs, United States averaged $1,336,682, an increase of 34.5% from the previous month.

Median price trends for properties for sale in Palm Springs, United States as of April 2024.

Household Income

Median household income: $48,126

Number of households: 23,551

The average household income in Palm Springs, CA grew from $46,059 to $48,126 in the past year. This data is an estimate based upon 23,551 households in Palm Springs, CA.
The chart below presents how household income is distributed in Palm Springs, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Palm Springs, CA compared to median property taxes around the country. The prevalent amount of property taxes in Palm Springs, CA equals $3k+ , which is more than the national average.

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