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  4. 495 Twin Palms Drive, Palm Springs, CA 92264
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495 Twin Palms Drive
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More Like This
  • MLS#: IV25172556 ( Apartment )
  • Street Address: 495 Twin Palms Drive
  • Viewed: 8
  • Price: $8,999,888
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1965
  • Bldg sqft: 0
  • Days On Market: 42
  • Additional Information
  • County: RIVERSIDE
  • City: Palm Springs
  • Zipcode: 92264
  • Subdivision: Twin Palms (33512)
  • Provided by: LE INVESTMENT GROUP
  • Contact: DARREN DARREN
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    The Twin Palms Villas lot totals at 2.34 acres and consisting of 5 buildings and multiple parking lots. The property is located at 495 E Twin Palms Drive, Palm Springs, CA, and is conveniently located a short distance from the Downtown Palm Springs, the Historic Tennis Club, the Palm Springs Art Museum, the Palm Springs International Airport & many major regional employers. This 51 unit apartment community is composed of (41)One bedroom / One bathroom units and (10) Two bedroom /One bathroom units. The current ownerships emphasis has been on quality updates which include capital improvements exceeding $300,000 within the last year. Some of these improvements include parking lot re done, floor replacement, window replacement, HVAC replacement, rehab expenses, landscaping expenses, plumbing replacement, and numerous other quality updates.
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Features
Building Area Total
  1. 37700.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Electric Expense
  1. 40850.00
Fuel Expense
  1. 40850.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 25500.00
Landleaseamount
  1. 4060.00
Landleaseamountfrequency
  1. Monthly
Laundry Features
  1. Common Area
Laundry Income
  1. 136800.00
Levels
  1. One
Lot Features
  1. Corner Lot
  2. Lot 20000-39999 Sqft
Netoperatingincome
  1. 1175731.00
Number Of Separate Electric Meters
  1. 51
Parcel Number
  1. 009602247
Pool Features
  1. Community
  2. Fenced
Professionalmanagementexpense
  1. 51947.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 444220330:CRM
Spa Features
  1. Community
Subdivision Name Other
  1. Twin Palms (33512)
Totalexpenses
  1. 502666.00
Trash Expense
  1. 40850.00
Uncovered Spaces
  1. 56.00
Water Sewer Expense
  1. 40850.00
Water Source
  1. Public
Year Built
  1. 1965
Year Built Source
  1. Public Records
Zoning
  1. RTP
Equal Housing Opportunity

Based on information from California Regional Multiple Listing Service, Inc. as of Aug 12, 2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Display of MLS data is usually deemed reliable but is NOT guaranteed accurate.
Datafeed Last updated on August 12, 2025 @ 12:00 am
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