$7,500,000
-$499,888495 E Twin Palms Drive, Palm Springs CA 92264
Multi-Family (51 Units)
Property type
309 days
On market
$199
Price per sqft
0 cars
Garage
1965
Year built
101,930 sqft
Lot size
Home highlights
Open Houses
Overview
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....
Listing provided by: DARREN CORREA DRE #02066621, LE INVESTMENT GROUP
Listing updated: May 13, 2026 at 09:47pm.
Last checked: Jun 4, 2026 at 05:30am
Source: CRMLS #IV25172556
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 41 | 1 | 1 | — | $65,218 | $65,218 | $71,750 | Unfurnished |
| 10 | 2 | 1 | — | $20,731 | $20,731 | $21,500 | Unfurnished |
# of Buildings: 5
# of Units Total: 51
Separate Electric Meters: 51
Separate Gas Meters: 1
Separate Water Meters: 1
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
7.3x
List Price / Annual Gross Rent
Cap Rate
7.9%
NOI / List Price
Gross Scheduled Income: $1,031,388
Operating Expense: $503,317
Net Operating Income: $1,095,991
Annual Operating Expenses
Electric: $40,850
Fuel: $40,850
Insurance: $25,500
Professional Management: $55,950
Trash: $40,850
Water / Sewer: $40,850
Interior
Laundry: Common Area
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 1
Levels: One
Common Walls: Two Common Walls Or More
Lot Features: Corner Lot
Pool: Community, Fenced
Spa: Community
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Uncovered Spaces: 56
Parking Total: 56
Lot Information
Land Lease: Yes
Land Lease Amount: $4,060 / Monthly
Common Interest: CommunityApartment
Parcel #: 009602247
Additional Parcels: No
Tax Lot: 247
Zoning: RTP
Subdivision: Twin Palms (33512)
Community
Senior Community: No
Community Features: Sidewalks, Pool
Nearby Schools
Nearby schools around the 495 E Twin Palms Drive, Palm Springs, CA 92264. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$6,000,000
Total Interest
$7,652,669
Total Payment
$13,652,669
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$45,887
per month
Property History for 495 E Twin Palms Drive
Palm Springs Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92264.
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