561 Highland Drive, Palm Springs, CA 92264
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Listed Price :
$6,995,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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Year Built :
1962
Property Description
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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Flooring Information |
| Material |
Tile |
Listing Information
| Address |
561 Highland Drive |
| City |
Palm Springs |
| State |
CA |
| Zip |
92264 |
| County |
Riverside |
| Listing Agent |
Adam Gilbert DRE #01914157 |
| Courtesy Of |
The Firm Brokerage |
| List Price |
$6,995,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
N/A |
| Lot Size |
81,624 |
| Year Built |
1962 |
Listing information courtesy of: Adam Gilbert, The Firm Brokerage. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:21 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
