561 Highland Drive, Palm Springs, CA 92264

Photo 1 Photo 2 Photo 3 Photo 4 Photo 5 Photo 6 Photo 7 Photo 8 Photo 9 Photo 10 Photo 11 Photo 12 Photo 13 Photo 14 Photo 15 Photo 16 Photo 17 Photo 18 Photo 19 Photo 20 Photo 21 Photo 22 Photo 23 Photo 24 Photo 25 Photo 26 Photo 27 Photo 28 Photo 29 Photo 30 Photo 31 Photo 32 Photo 33 Photo 34 Photo 35 Photo 36 Photo 37 Photo 38 Photo 39 Photo 40 Photo 41 Photo 42 Photo 43 Photo 44 Photo 45 Photo 46 Photo 47 Photo 48 Photo 49 Photo 50 Photo 51 Photo 52 Photo 53 Photo 54 Photo 55 Photo 56 Photo 57 Photo 58 Photo 59 Photo 60 Photo 61 Photo 62 Photo 63 Photo 64 Photo 65 Photo 66 Photo 67 Photo 68 Photo 69 Photo 70 Photo 71 Photo 72 Photo 73 Photo 74 Photo 75 Photo 76 Photo 77 Photo 78 Photo 79 Photo 80 Photo 81 Photo 82

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.