579 Highland Drive, Palm Springs, CA 92264
  • MLS#: OC25155870 ( Apartment )
  • Street Address: 579 Highland Drive
  • Viewed: 2
  • Price: $1,800,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1955
  • Bldg sqft: 0
  • Days On Market: 6
  • Additional Information
  • County: RIVERSIDE
  • City: Palm Springs
  • Zipcode: 92264
  • Subdivision: Demuth Park (33443)
  • Provided by: Marcus & Millichap RE Invest
  • Contact: Tyler Tyler
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    579 South Highland Drive is a 10 unit multifamily investment property located in Palm Springs, CA. 579 South Highland is available in conjunction with 509 & 561 South Highland Drive, a 2 property, 21 unit multifamily portfolio. Situated on a spacious parcel measuring 0.47 acres, 579 South Highland Drive offers a mix of studio, one, and two bedroom floor plans. The majority of the units feature one bedroom, along with 1, studio unit and 2, two bedroom units ideally suited for singles, couples, and retirees seeking well located housing. The property features attractive amenities including secure keypad entry, private patios, a swimming pool, & ample surface parking. Additionally, the property features exclusively single story construction, a highly desirable characteristic to prospective renters. Furthermore, 579 South Highland Drive has recently undergone significant capital improvements including new plumbing, electrical, plaster, and tile as well as updated building systems including roofing, solar panels, and more. 579 South Highland Drive is situated in an optimal Palm Springs location, just moments away from shops and restaurants at El Cielo Center and The Springs. The property is within a 0.85 mile radius of Demuth Park and Sunrise Park, two sprawling community centers granting residents convenient access to a plethora of outdoor activities. Additionally, the property benefits from its close proximity to Palm Springs International Airport, a major employment and economic driver for the area, with tourism being a significant part of the local economy. Furthermore, Ramon Road, situated just to the north of the property, provides easy access to Downtown Palm Springs, the heart of the city featuring a plethora of unique shops, restaurants, and entertainment options. 579 South Highland Drives desirable single story construction and upgraded facilities are primary draws for potential renters. The overall demand for well maintained and amenitized rental units will be a key driver in the continued growth and success at the property.
Property Location and Similar Properties
Request More Information
  • All fields are required.
Contact Patrick Adams
Contacting Patrick Adams
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
Features
Building Area Total
  1. 8963.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Country
  1. US
Days On Market
  1. 92
Electric Expense
  1. 2422.00
Entry Location
  1. First level
Fuel Expense
  1. 2422.00
Garage Spaces
  1. 0.00
Heating
  1. None
Insurance Expense
  1. 10000.00
Laundry Features
  1. None
Levels
  1. One
Lot Features
  1. Level with Street
Netoperatingincome
  1. 85096.00
Newtaxesexpense
  1. 21888.00
Number Of Separate Electric Meters
  1. 10
Number Of Separate Gas Meters
  1. 10
Parcel Number
  1. 680032007
Pool Features
  1. Community
Postalcodeplus4
  1. 1054
Professionalmanagementexpense
  1. 7515.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 442823491:CRM
Subdivision Name Other
  1. Demuth Park (33443)
Totalexpenses
  1. 65213.00
Trash Expense
  1. 2422.00
Uncovered Spaces
  1. 15.00
Vacancyallowance
  1. 7911
Water Sewer Expense
  1. 2424.00
Water Source
  1. Public
Year Built
  1. 1955
Year Built Source
  1. Assessor
Zoning
  1. R2