$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 #219122351
Pending
$6,995,000
01/01/2025
DesertArea #219115030
Removed
$6,995,000
08/06/2024
DesertArea #219115030
Listed
$6,995,000
Schools & Community
Neighborhood:
Demuth Park
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Pool, Gated
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
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