587 S Calle Ajo new Save Request In-Person Tour Request Virtual Tour
Palm Springs,CA 92264
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,150 sqft
Price per Sqft $361
Subdivision Warm Sands
MLS Listing ID 25569125PS
Bedrooms 8
HOA Y/N No
Year Built 1954
Lot Size 10,454 Sqft
Property Description
Charming 6-Unit Investment Opportunity in Prime Palm Springs! Located in the highly desirable Warm Sands neighborhood, this well-maintained six-unit apartment complex offers a rare opportunity just minutes from the best of downtown Palm Springs. The property consists of four one-bedroom units and two two-bedroom units, each featuring private patios and in-unit laundry amenities that significantly enhance tenant appeal. Upgrades include dual-pane windows, modern bathrooms, quality flooring, and fir interior doors, making this a turn-key investment. The property is fully occupied with long-term tenants, reflecting the strong demand in this sought-after south-end location. With a Cap Rate of 7.85%, this is a solid addition to any investment portfolio.
Location
State CA
County Riverside
Area 334 - South End Palm Springs
Zoning R2
Interior
Heating Central,Natural Gas
Cooling Central Air
Flooring Carpet,Tile
Inclusions All attached appliances including washer and dryer
Fireplace No
Appliance Dishwasher,Refrigerator,Dryer,Washer
Exterior
Parking Features Side By Side,Uncovered
Pool Gunite
Community Features Gated
View Y/N Yes
View Mountain(s),Pool
Porch Open,Patio
Total Parking Spaces 6
Building
Faces East
Story 1
Entry Level One
Foundation Slab
Sewer Sewer Tap Paid
Architectural Style Traditional
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 508121008
Security Features Gated Community
Special Listing Condition Standard