Active
561 Highland Drive
Palm Springs CA, 92264
$6,995,000
Active
Residential
Built in 1962
Listed by Adam Gilbert with The Firm Brokerage (760) 408-8874
Prime Investment Opportunity and Entire City Block for Sale!32 Units Across Three Multi-Family One-Story Buildings. 579, 561, and 509 S. Highland sold collectively as a package for $6,995,000. Key Features:509: 17 units all 1 bedroom 1 bath with 1 reserved as a managers unit.561: 5 units all 1 bedroom 1 bath.579: 10 units 2- 2 beds, 7 1 beds and 1 studioSwimming Pools: Each building has a brand-new pool with permits, new plumbing, new electrical, new plaster, and designer tile. Pools are SOLAR heated.Private Patios: Almost all units feature private patios, offering tenants their own personal outdoor space.Modern Amenities: Updated retro fitted windows are in all buildings, essential for energy efficiency in the desert climate.Conveniences: On-site laundry facilities and trash pickup for all buildings.Secure Entry: All buildings have keypad secure safe entry system.Parking: Ample parking available for all tenants and guests.Landscaping: Freshly landscaped grounds provide an attractive, low-maintenance environment.Proximity: Located near great eateries and shopping, lovely parks, and golf courses and bus stops. Convenient access to the airport ensures easy travel.Economies of Scale - has massive upside thanks to high key count providing opportunity to raise rents and maximize ROI.
219115030PS
MLSⓇ ID
August 6, 2024
Listed
December 5, 2024
Updated
Map
561 Highland Drive
Palm Springs CA, 92264
Interior Features
Total Stories
1
Floor Description
Tile
Fireplace
Yes
Fireplace Description
Gas Starter, Living Room
Cooling
Yes
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
1.87 Acres
Other Property Details
Area Name
334 - South End Palm Springs
Days on Market
105
Garage
No
Parking
Assigned, On Street
Parking Total
10
View
Yes
View Description
Mountain(s)
County
Riverside
Pool
Yes
Pool Features
Community, In Ground
Listing Contact: (760) 408-8874
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 12/5/2024 at 1:21 AM UTC