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1865 Apache Circle
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 10, 2020 | Sold | ||
| Sold | |||
| Jul 24, 2020 | Listed by Compass | $1,350,000 | |
| Listed by Compass | |||
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In 1957 the Alexander Construction Company with architect William Krisel unveiled Twin Palms, the first truly modern neighborhood in Palm Springs. Using post and beam construction and a variety of rooflines, Krisel imparted a unique, custom look to these homes. They were a sales sensation and the company went on to build many more, influencing other builders with this formula. Of the 9 elevations initially designed by Krisel, the butterfly roof is probably his most iconic. Only 12 of this spectacular design of butterfly roof were ever built, all in Twin Palms. The former house of Joe Dunas, a partner with the Alexanders in all their Palm Springs projects, this home is located at the end of a quiet cul-de-sac on an extra large lot and is canted to the southwest which affords it the most spectacular mountain views. Inside, a thoughtful renovation using terrazo tile floors and exquisite furniture quality kitchen and bath cabinets and warm wooden walls brings it up do date, but with a vintage, authentic feel. This is the epitome of Palm Springs Style. Featured in the book William Krisel's Palm Springs. Virtual Tour
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About Twin Palms Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017