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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.
| DAYS ON MARKET | 12 | LAST UPDATED | 9/8/2025 |
|---|---|---|---|
| TRACT | Thunderbird Terrace | YEAR BUILT | 1963 |
| COMMUNITY | 321 - Rancho Mirage | GARAGE SPACES | 1.0 |
| COUNTY | Riverside | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | Zoned |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Water Heater |
| AREA | 321 - Rancho Mirage |
| GARAGE | Yes |
| HEAT | Zoned |
| LOT | 0.39 acre(s) |
| LOT DESCRIPTION | Corner Lot, Landscaped |
| PARKING | Assigned, Community Structure |
| POOL | Yes |
| POOL DESCRIPTION | Private, Community, In Ground |
| SEWER | Septic Tank |
| STORIES | 3+ |
| SUBDIVISION | Thunderbird Terrace |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights, Desert, Mountain(s), Panoramic |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 9/19/25 7:13 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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