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Equity Union
595 S Thornhill Rd, Palm Springs, CA 92264
- $600,000
- 7
- BD
- 7
- BA
- 4,267
- SqFt
- Sold Price
- $600,000
- List Price
- $925,000
- Closing Date
- Sep 10, 2026
- MLS#
- 219151275DA
- Year Built
- 1958
- Bedrooms
- 7
- Bathrooms
- 7
- Living Sq. Ft
- 4,267
- Lot Size
- 14,810
- Days on Market
- 23
- Property Type
- Multifamily
- Stories
- 1
Property Description
Sago Palms -- Six-Unit Multifamily Property in the heart of Palm Springs.Located in the Warm Sands area of Palm Springs, Sago Palms is a unique six-unit multifamily property with a history as a former hotel. The property offers a mix of residential units, attractive amenities, and stunning mountain views.The property consists of:One, 2-bedroom, 2-bathroom unit with -- currently needs workThree, 1-bedroom, 1-bathroom units -- currently in rentable condition andTwo studio apartments.A total of three gas fireplaces in various units. Community poolShared laundry room -- no additional incomeStreet/open parkingSeparate utility metersLeased solar systemUpgraded plumbingTwo tankless water heatersStunning mountain viewsThe property is being sold AS-IS.There are currently three tenants and one owner-occupant living on the property. All occupants are on month-to-month rental agreements, providing flexibility for a future owner.Current Rental Income:One bedroom units: $1200 per monthTwo bedroom units: $1600 per month.Studio apartments: $1085 per month.Vacancy in on Studio and the 2 bed, 2 bath unit (needs remodeling).Solar lease is $524.85 per month with Sun run. Expires in 2035. Current buy out is $46,455.88.
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Additional Information
- Lot Description
- Secluded
- Pool
- Yes
- Pool Description
- Community, Gunite, In Ground
- Heat
- None
- Cooling
- Central
- View
- Mountains
- Exterior Construction
- Stucco
- Number of Cars in Garage
- Unassigned
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Courtesy of RE/MAX All-Pro, Elaine Stewart - CA DRE#01169846 Selling Office: .
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