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

October 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

36


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 10/5/2024. 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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/5/2024 at 12:13 PM UTC

 

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