Active
561 Highland DR
Palm Springs CA, 92264
$6,995,000
$241.21 per sqft
Active
35 Beds
36 Baths
29,000 sqft
Multi-family
Built in 1962
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
November 6, 2024
Updated
Map
561 Highland DR
Palm Springs CA, 92264
Interior Features
Total Stories
1
Bedrooms
35
Total Bathrooms
36
Full Bathrooms
31
Half Bathrooms
5
Floor Description
Tile
Fireplace
Yes
Fireplace Description
Gas Starter Living Room
Cooling
Yes
Cooling Description
Air Conditioning
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
1.87 Acres
Sewer
In Connected and Paid
Other Property Details
Area Name
Palm Springs South End
Days on Market
91
Garage
No
Parking
Assigned, On street
Parking Total
10
View
Yes
View Description
Mountains
County
Riverside
Pool
Yes
Pool Features
Community, In Ground
Listed by Adam Gilbert with The Firm Brokerage
Listing Contact: (760) 408-8874
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Chase Owens | CA DRE# 02019767 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/6/2024