561 Highland Drive
Palm Springs, CA 92264
- 35 beds
- 36 baths
- 29,000 sqft
- ~1 acre lot
- $241 per sqft
- 1962 build
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 studio Swimming 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.
Listing courtesy of DAMLS / The Firm Brokerage
Last checked:
Checking…
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Last updated Nov 20, 2024
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MLS# 219115030 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1962
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Year Built Source:None
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Year Established:None
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New Construction:No
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Builder Name:None
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Builder Model:None
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Building Area Total:29000.0
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Building Area Source:None
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# of Buildings:None
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# of Units Total:None
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Unit Number:None
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Building Name:None
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Building Features:None
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Stories:None
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Stories Total:1
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Levels:One
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Door Features:None
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Security Features:Gated Community
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Basement:None
Interior
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Rooms Total:None
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Furnished:None
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Entry Location:None
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Flooring:Tile
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Fireplaces Total:10
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Fireplace:true
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Fireplace Features:Gas Starter, Living Room
Room Dimensions
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Living Area:29000.0
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Living Area Source:None
Location
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Directions:None
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Cross Street:Camino Parocela and Ramon
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Latitude:33.814803
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Longitude:-116.509134
The Property
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Property Type:Residential Income
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Topography:None
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Lot Size Area:81624.0
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Lot Size Acres:1.0
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Lot Size SqFt:43560.0
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Lot Dimensions Source:None
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Lot Size Source:Assessor
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Current Use:None
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Possible Use:None
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View:Mountain(s)
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View:true
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Additional Parcels:No
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Property Attached:No
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Water Body Name:None
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Waterfront:No
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View:Yes
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Fencing:None
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Road Frontage Type:None
Listing Agent
- Contact info:
- Agent phone:
- (760) 408-8874
- Office phone:
- (760) 408-8874
Taxes
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Tax Legal Description:None
Beds
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Bedrooms Total:35
Baths
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Total Baths:33.5
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Total Baths:36
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Full Baths:31
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Half Baths:5
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Partial Baths:None
The Listing
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Home Warranty:No
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Disclosures:None
Heating & Cooling
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Heating:Central
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Heating:true
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Heating -Central:true
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Cooling:Air Conditioning
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Cooling:true
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Cooling Type -Air Conditioning:true
Utilities
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Water Source:None
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Sewer:In, Connected and Paid
Schools
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Elementary School:None
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Elementary School District:None
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Middle Or Junior School:None
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Middle Or Junior School District:None
The Community
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Subdivision Name:Demuth Park
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Gated Community:Yes
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Gated Community:true
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Senior Community:false
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Senior Community:No
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Spa:false
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Pool:Yes
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Pool Private:true
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Pool Features:Community, In Ground
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Pets Allowed:None
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Association:None
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Association Name:None
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Association Fee:None
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Association Fee Frequency:None
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Association Fee 2:None
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Association Fee 2 Frequency:None
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Cap Rate:None
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# of Units In Community:None
Parking
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Attached Garage:None
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Covered Spaces:None
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Parking Total:10.0
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Parking Features:Assigned, On Street, Total Uncovered/Assigned Spaces
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Open Parking Spaces:None
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Parking On Street:true
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Assigned Parking:true
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Total Uncovered Assigned Spaces:5.0
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Carport Spaces:5.0
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
8/6/24
Aug 6, 2024
|
Listed / Active | DAMLS | $6,995,000 |