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 and 1 bath with private courtyards and 1 assigned parking spot. The property offers a dedicated laundry room along with a common area pool and spa. The property offers comfort, livability, and the charm expected in a desert retreat, attracting quality tenants and sustaining consistent demand.Set against Palm Springs' stunning mountain backdrop, the property sits minutes from world-class golf, boutique shopping, acclaimed dining, and the vibrant downtown scene. Its strategic location and boutique scale make it ideal for investors seeking a high-quality, low-maintenance asset in a premier rental market.Refined, income-producing, and poised for appreciation, 525 S Thornhill Rd is a standout addition to any luxury investment portfolio.Owners' unit available for viewing by appointment only. Call 760-574-2299 to schedule.
