495 E Twin Palms Drive Palm Springs, CA $ 7,999,888
495 E Twin Palms Drive
$ 7,999,888
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495 E Twin Palms Drive

Palm Springs, CA, 92264
$ 7,999,888
Baths1.0 Sq 37,700

Monthly Estimate*

$ 49,257

Listed by LE INVESTMENT GROUP
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View a Virtual Tour
Studio

Single Family Home for sale in Palm Springs, CA

for $7,999,888 with 1 full bath. This 37,700 square foot home was built in 1965 on a lot size of 2.34.

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 ownership’s 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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Single Family Active

Price

$ 7,999,888

Bedrooms

Studio

Full Bath

1

Property Type

Single Family

Taxes

$ 0

Style

Lot Size

2.34

Year Built

1965

Town/City

Palm Springs

County/Region

Riverside

MLS | Web ID

IV25172556

Days on Market

236

Features
General
Sewer PublicSewer
Zoning RTP
Garage Spaces 0
Pool Features Community Fenced
Year Built 1965
Stories Count 1
Levels One
Property Subtype Apartment
Gross Income 1119000
Community Features Sidewalks Pool
County Riverside
Net Operating Income 1177470
Operating Expense 497634
Insurance Expense 25500
New Construction false
Property Type ResidentialIncome
Subdivision Name Twin Palms (33512)
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions From S Palm Canyon Dr head east on E Twin Palms Dr. Property will be on the right just past S Camino Real.
City Palm Springs
Land Lease Amount 4060
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 56
Number Of Units Total 51
MLS Area 334 - South End Palm Springs
Lot Size Units SquareFeet
Lot Size Square Feet 101930
Listing Terms Conventional
Spa Features Community
Property Attached Y/N true
Land Lease Y/N true
Electric Expense 40850
Fuel Expense 40850
Trash Expense 40850
Water Sewer Expense 40850
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units SquareFeet
Standard Status Active
Year Built Source PublicRecords
Tax Lot 247
Property Sub Type Additional Apartment
Cap Rate 8.5
Land Lease Amount Frequency Monthly
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Interior
Total Stories 1
Common Walls TwoCommonWallsOrMore
Laundry Features CommonArea
Entry Level 1
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Exterior
Lot Features CornerLot
Water Source Public
Total Parking 56
Lot Size Area 101930
Number of Buildings 5
Spa true
Building Area Total 37700
Lot Size Acres 2.34
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 51
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* Excluded Features
List By
Le Investment Group

Broker

darren.correa@leinvestmentgroup.com

Email

Affordability Calculator

$49,257
Per Month
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0%
0%
Monthly Principal & Interest
$49,257
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/27/2026$7,999,888 Listed Price

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495 E Twin Palms Drive, Palm Springs, CA, 92264 is a Single Family Home for sale at $7,999,888 with 37,700 sqft and a lot size of 2.34. 495 E Twin Palms Drive is a studio with 1.0 baths and was built in 1965. The property's zip code is 92264 which is in Palm Springs, CA