Rare Investment opportunity in Rancho Mirage with Mountain views. This 4 plex is located on the corner of Thunder Road and Bird Lane off HWY 111. Located in the heart of Rancho Mirage with relaxing swimming pool & lots of parking and is pet friendly. Unit 1-$1445.00 (621SF) is a 1 bed 1 bath with refrigerator, stove, microwave, private patio, carport for 1 car & extra parking, Unit 2-$1250.00 (1050SF) is 2 beds 1 bath & TV room with refrigerator, stove microwave, private patio carport for 1 car, extra parking , Unit 3-$1695.00 (621SF) is a 1 bed 1 bath with fireplace, refrigerator, stove, microwave, private patio, carport for 1 car & extra parking, Unit 4-$1750.00 (594SF) is a 1 bed 1 bath with remodeled kitchen, refrigerator, Stove, microwave overlooking the pool, private patio and extra parking to the side of unit. Pool has a new pool pump & filter (October 2025) , exterior of building painted in September 2025. All units separately metered for gas, elec & water. all units are currently month to month. Owner pays trash $60/per month ($720/per year) Gardener $200/per month ($2400/per year) pool service $200/per month ($2400/per year) insurance $2000/per year. There are 5 meters and #5 is for the exterior lights & Pool equipment owner pays $100/per month. Current loan is assumable at 2.9% in the amount of $418,000. Owner has kept this property well maintained. Conveniently located near shopping & restaurants. Call listing agent for details. Please do not go on the property and do not disturb tenants.
Introducing Thunderbird Terrace Apartments, a rare investment opportunity in Rancho Mirage. Located at the prestigious southwest corner of Thunder Road and Bird Lane, this 15-unit complex offers tremendous upside potential in an A+ location. The property consists of 14 spacious two-bedroom, two-bath units of approximately 1,200 square feet each, along with one three-bedroom, two-bath manager's unit of approximately 2,400 square feet. Spread across two well-built two-story frame and stucco buildings, the apartments feature exterior entrances over ground-level parking garages and a central courtyard area that enhances community living. Additional amenities include an on-site pool, landscaped common areas, and garage parking for all units, with some offering private single-car garages. Originally constructed in 1967, the complex is currently vacant and offered at a lower list price to reflect the required repairs needed. This is an as-is sale and only serious buyers prepared to complete the necessary updates and renovations should inquire. Once remodeled and repositioned, the units have the potential to achieve maximum rental value in Rancho Mirage's highly desirable market. Thunderbird Terrace Apartments presents investors with a unique chance to acquire a multifamily asset with significant value-add potential in one of the Coachella Valley's most sought-after locations.
Rancho Mirage is located in California. Rancho Mirage, California has a population of 17,129. Rancho Mirage is less family-centric than the surrounding county with 11.87% of the households containing married families with children. The county average for households married with children is 35.14%.
The median household income in Rancho Mirage, California is $95,158. The median household income for the surrounding county is $76,066 compared to the national median of $69,021. The median age of people living in Rancho Mirage is 65 years.
The average high temperature in July is 107.6 degrees, with an average low temperature in January of 45.4 degrees. The average rainfall is approximately 4.8 inches per year, with 0 inches of snow per year.
