Palm Springs Apartment
For Sale
$7,500,000
495 Twin Palms Drive, Palm Springs, CA 92264
51-unit apartment community near Downtown Palm Springs.
Property SizeContact for details
Days on Market375
Property Features for 495 Twin Palms Drive
General Information
Standard status
Active
Property subtype
Commercial
Amenities
Laundry Area
Mid Block
Building Details
Year Built
1965
Listing Agency:
LE INVESTMENT GROUP
(909) 256-7889
Listed By:
DARREN CORREA
Source:
Corcoran
Added: Aug 1, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LE INVESTMENT GROUP
Investment Insights
Based on property information with market context.
The Twin Palms Villas, situated on a 2.34-acre lot at 495 E Twin Palms Drive in Palm Springs, California, comprises 5 buildings with multiple parking lots. This 51-unit apartment community features 41 one-bedroom, one-bathroom units and 10 two-bedroom, one-bathroom units. The property is conveniently located near Downtown Palm Springs, the Historic Tennis Club, the Palm Springs Art Museum, the Palm Springs International Airport, and various major regional employers. Recent capital improvements exceeding $300,000 within the last year include parking lot renovations, floor and window replacements, HVAC upgrades, rehabilitation work, landscaping enhancements, and plumbing replacements.
Key Highlights
- Capital improvements exceeding $300,000 within the last year.
- 51‑unit apartment community with a mix of one and two‑bedroom units.
- Convenient location near Downtown Palm Springs, Palm Springs Art Museum and the Palm Springs International Airport.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
Explore this area
Business Placement
Demographics for 92264, CA
19,254
Population
17,518
Households
1.1
Avg Household Size
61
Median Age
48%
College-Educated
94%
High-School Grad
50.9 sq mi
ZIP Area
378
Density / Sq Mi
$75,246
Median Household Income
$46,756
Median Earnings
$1,581
Median Rent
$498,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 51-unit apartment community near Downtown Palm Springs.
Where is this apartment building located?
The property is located at 495 Twin Palms Drive Palm Springs, CA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Capital improvements exceeding $300,000 within the last year.; 51‑unit apartment community with a mix of one and two‑bedroom units.; Convenient location near Downtown Palm Springs, Palm Springs Art Museum and the Palm Springs International Airport.
