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

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