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$7,999,888

  • For Sale
  • Active
  • Multi-Family
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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

Full Property Details for 495 E Twin Palms Dr

General

  • Price: $7,999,888
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: IV25172556
  • Updated: 10/28/2025
  • Days on Market: 248 days
  • Added to Site: 249 day(s) ago

Rooms

Other Rooms

  • Laundry: Common Area

Additional Information

  • Pool Description: Community, Fenced
  • Spa Description: Community

Location

  • Area: 334 - South End Palm Springs
  • County: Riverside
  • Development Name: 334 - South End Palm Springs
  • Driving Directions: From S Palm Canyon Dr, head east on E Twin Palms Dr. Property will be on the right, just past S Camino Real.

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 1
  • # Electric Meters: 51

Structural Information

  • Entry Location: 1
  • Stories/Levels: One
  • Stories Description: One
  • Square Feet: 37,700
  • Year Built: 1965

Unit Information

Unit 1

  • Number of Units: 41
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Number of Units: 10
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 2.34
  • Lot Size (Sq. Ft.): 101,930
  • Lot Size Source: Assessor
  • Zoning: RTP
  • Lot Description: Corner Lot, Lot 20000-39999 Sqft

Financial Considerations

  • Price Per Sq. Ft.: $212.2
  • Price Per Unit: 156861

Listed by Le Investment Group, DARREN CORREA

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Listing agent

— 495 E Twin Palms Dr —

  • DARREN CORREA

    Le Investment Group

714-310-2840

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 495 E Twin Palms Dr

School District:Palm Springs Unified School District
NameGradesDistance
Cahuilla Elementary School
833 East Mesquite Avenue, Palm Springs, CA 92264
K-50.6 mi
Raymond Cree Middle School
1011 East Vista Chino, Palm Springs, CA 92262
6-83.1 mi
Palm Springs High School
2401 East Baristo Road, Palm Springs, CA 92262
9-121.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 495 E Twin Palms Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/05/2025
Price Reduced
$7,999,888
-11.11%
MLS
7/31/2025
Listed
$8,999,888
6.51%
MLS
8/26/2022
Sold
$8,450,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 495 E Twin Palms Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$119,310
-2%
$9,155,520
2%
2024
$122,235
-2%
$8,976,000
2%
2023
$124,357
59%
$8,800,000
74%
2022
$78,288
2%
$5,049,000
2%
2021
$76,932
-5%
$4,950,000
-9%
2020
$81,049
2%
$5,468,444
2%
2019
$79,847
2%
$5,361,221
2%
2018
$78,568
1%
$5,256,100
2%
2017
$77,590
3%
$5,153,040
2%
2016
$75,650
134%
$5,052,000
198%
2015
$32,296
5%
$1,692,586
2%
2014
$30,849
3%
$1,659,433
—
2013
$29,884
—
$1,651,935
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Le Investment Group, DARREN CORREA

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495 E Twin Palms Drive, Palm Springs, CA 92264 (MLS# IV25172556) is a Multi-Family property with 51 units containing 0 bedrooms and 0 full bathrooms. 495 E Twin Palms Drive is currently listed for $7,999,888 and was received on July 31, 2025. Want to learn more about 495 E Twin Palms Drive? Do you have questions about finding other Multi-Family real estate for sale in Palm Springs? You can browse all Palm Springs real estate or contact a Coldwell Banker agent to request more information.

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