tomo logo

$6,995,000

Beds
35
Baths
33.5
sq ft
29,000

561 S Highland Dr, Palm Springs, CA 92264

561 S Highland Dr

Palm Springs, CA 92264

  • Pending
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.

Details

Property type

Lot size

1.0 acres

Price per sq ft

$242

Year built

1962

Price History

01/08/2025
DesertArea

DesertArea #219122351

Pending
$6,995,000
01/01/2025
DesertArea

DesertArea #219115030

Removed
$6,995,000
08/06/2024
DesertArea

DesertArea #219115030

Listed
$6,995,000

Schools & Community

Neighborhood: 

Demuth Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Gated

Status: Pending/Under Contract

Tomo last checked: 01/08/2025 at 4:15 PM

Listing updated: 01/08/2025 at 10:20 AM

Listed by: Adam M Gilbert, The Firm Brokerage Phone #: (760) 408-8874

MLS: DesertArea #219122351

DesertArea logo

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