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Request Info$7,500,000
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495 E Twin Palms Drive Overview
- Time on Site:
- 334 days
- Visits:
- 3
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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495 E Twin Palms Drive Facts & Features
- Type Multi-Family
- Sq. ft. 37,700
- Price/Sq.ft. $199
- Lot 2.34 Acres
Details
General
Association/HOA
- Common Interest: Community Apartment
Income/Expenses
- Electric Expense: 40850.0
- Fuel Expense: 40850.0
- Gross Income: 1031388.0
- Gross Scheduled Income: 1031388.0
- Insurance Expense: 25500.0
- Net Operating Income: 1095991.0
- Operating Expense: 503317.0
- Trash Expense: 40850.0
- Water Sewer Expense: 40850.0
Building Information
- New Construction: No
- Year Built: 1965
Location/Region
- Country: US
- County Or Parish: Riverside
- MLS Area Major: 334 - South End Palm Springs
- Postal City: PALM SPRINGS
- Subdivision Name: Twin Palms (33512)
Community/Development
- Community Features: Sidewalks,Pool
Rent/Lease Information
- Land Lease Amount: 4060.0
- Land Lease Amount Frequency: Monthly
- Land Lease: Yes
General Information
- Listing Terms: Conventional
- Parcel Number: 009602247
- Property Sub Type: Apartment
- Property Type: Residential Income
- Rent Control: Yes
- Senior Community: No
- Special Listing Conditions: Standard
- Zoning: RTP
Interior
Parking Information
- Garage: No
Building Interior
- Building Area Total: 37700.0
- Building Area Units: Square Feet
General Information
- Common Walls: 2+ Common Walls
- Entry Level: 1
- Entry Location: 1
- Laundry Features: Common Area
- Levels: One
- Spa Features: Community
- Spa: Yes
- Stories: 1
- Stories Total: 1
Exterior
Parking Information
- Open Parking Spaces: 56.0
- Parking Total: 56.0
Lot Information
- Additional Parcels: No
- Lot Features: Corner Lot
- Lot Size Acres: 2.34
- Lot Size Area: 101930.0
- Lot Size Source: Assessor
- Lot Size Square Feet: 101930.0
- Lot Size Units: Square Feet
- Number Of Buildings: 5
- Number Of Separate Electric Meters: 51
- Number Of Separate Gas Meters: 1
- Number Of Separate Water Meters: 1
- Elevation Units: Feet
- Water Source: Public
Building Exterior/Construction
- Property Attached: Yes
General Information
- Number Of Units Total: 51
- Pool Features: Community,Fenced
- Pool Private: No
- Sewer: Public Sewer
495 E Twin Palms Drive Neighborhood
Palm Springs, California, Community Guide | Bennion Deville Homes
Nestled at the base of the San Jacinto Mountains, the beautiful desert resort city of Palm Springs, California, is an international destination for outdoor sport enthusiasts, Mid-Century architecture admirers, and fans of the glamour of Golden Era Hollywood. Palm Springs is located approximately 110 miles southeast of Los Angeles and 140 miles northeast of San Diego, making it an ideal distance for Southern California residents to escape for a quick getaway weekend or the perfect locale for a second home. Search Palm Springs homes for sale.
Community
92264 (Palm Springs) Demographics
59
Median Age
400
Population Density (per sq. mile)
51%
College Educated
$60,318
Estimated Median Income
7,506
Estimated Total Home Owners
3,772
Estimated Total Renters
67% / 33%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.495 E Twin Palms Drive Monthly Cost
495 E Twin Palms Drive Market Data
Based on the last 30 days in this zip code
$1,032,180
Average List Price
$564
Average Price per Square Foot
99
Properties Sold
86
Average Days on Market
858
Properties for Sale
495 E Twin Palms Drive History
| Date | Value | Agent |
|---|---|---|
| 4/27/2026Source: CRMLS | $7,500,000 -6.2% |
|
| 9/5/2025Source: CRMLS | $7,999,888 -11.1% |
|
| 7/31/2025Source: CRMLS | July 31, 2025 |
Listing provided courtesy of LE INVESTMENT GROUPDARREN CORREA- MLS# IV25172556
Contact Information: [email protected] - 909-256-7889
Contact Information: [email protected] - 909-256-7889