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    Twin Palms Dr Palm Springs, CA 92264

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    For Sale
    $7,999,888

    51-unit apartment community near Downtown Palm Springs.

    Property size:
    37,700 SF
    Lot size:
    2.34 Acres

    Property Features for Twin Palms Dr

    General Information

    Standard status
    Active
    Size
    37,700 SF
    Lot size
    2.34 Acres

    Building Details

    Year built
    1965

    Source: LE INVESTMENT GROUP Agent DARREN CORREA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Palm Springs Apartment Community

    The Twin Palms Villas, situated on a 2.34-acre lot, comprises 5 buildings with multiple parking lots. Located at Twin Palms Drive, Palm Springs, CA, the property is near Downtown Palm Springs, the Historic Tennis Club, the Palm Springs Art Museum, the Palm Springs International Airport, and various major regional employers. This 51-unit apartment community features 41 one-bedroom, one-bathroom units and 10 two-bedroom, one-bathroom units. The property has undergone quality updates, with capital improvements exceeding $300,000 within the last year. These improvements include parking lot renovation, floor replacement, window replacement, HVAC replacement, rehab expenses, landscaping expenses, and plumbing replacement.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Palm Springs
    County
    Riverside
    State
    California
    Longitude
    -116.54185
    Latitude
    33.800049

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    FAQs

    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 Twin Palms Dr Palm Springs, CA.
    What is the asking price?
    The asking price for this property is $7,999,888.
    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.; - Located a short distance from Downtown Palm Springs.
    Request Owner's contact information
    Twin Palms Dr Palm Springs, CA 92264
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Twin Palms Dr Palm Springs, CA 92264
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