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561 Highland Drive, Palm Springs, CA 92264
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561 Highland Drive
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More Like This
  • MLS#: 219115030PS ( )
  • Street Address: 561 Highland Drive
  • Viewed: 2
  • Price: $6,995,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1962
  • Bldg sqft: 0
  • Days On Market: 101
  • Additional Information
  • County: RIVERSIDE
  • City: Palm Springs
  • Zipcode: 92264
  • Subdivision: Demuth Park
  • Provided by: The Firm Brokerage
  • Contact: Adam Adam
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Association Fee
  1. 0.00
Carport Spaces
  1. 5.00
Country
  1. US
Fireplace Features
  1. Gas Starter
  2. Living Room
Flooring
  1. Tile
Garage Spaces
  1. 0.00
Heating
  1. Central
Levels
  1. One
Number Of Separate Electric Meters
  1. 31
Number Of Separate Gas Meters
  1. 31
Parcel Number
  1. 680032008
Parking Features
  1. Assigned
  2. Street
Pool Features
  1. Community
  2. In Ground
Security Features
  1. Gated Community
Sourcesystemkey
  1. 20240806181928898877000000:CDAR
Subdivision Name Other
  1. Demuth Park
Uncovered Spaces
  1. 5.00
View
  1. Mountain(s)
Year Built
  1. 1962
Year Built Source
  1. Assessor