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561 Highland Drive, Palm Springs, CA, 92264

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$6,995,000
36 Days Online

561 Highland Drive
Palm Springs, CA 92264

For Sale|Multi-Family|Active
Subdivision:
Demuth Park
County:
Riverside
Listed by Adam Gilbert of The Firm Brokerage
Call Now: 951-942-5001
Is this the home for you? We can help make it yours.
951-942-5001
561 Highland Drive561 Highland Drive561 Highland Drive561 Highland Drive
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Monthly Payment (Est.)

$31,914
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

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.

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Listing Snapshot
Price 
$6,995,000
Days Online 
36 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.8738 Acres
Year Built 
1962
MLS® Number 
219115030PS
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS®
a month agoListing first seen online
General Features
Parking 
AssignedOn Street
Parking Spaces 
10
Number of Stories 
1
Acreage 
1.8738
Security 
Gated Community
Garage Spaces 
0
Listing Conditions 
Standard
Interior Features
Heating 
Central
Flooring 
Tile
Fireplace Features 
Gas StarterLiving Room
Fireplace 
Yes
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Exterior Features
View 
Mountains
Pool 
true
Spa 
No
Pool Features 
CommunityIn Ground
Private Pool 
true
Community Features
Association Dues 
0
Community Features 
GatedPool
Senior Community 
No
MLS Area 
334 - South End Palm Springs
Security Features 
Gated Community


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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