561 Highland Drive

Palm Springs, CA 92264

  • 0 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 81624
    Sqft(Lot)
$6,995,000

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.

  • Property Type

    Residential Income

  • County

    Riverside

  • Style

    Residential Income

  • AD ID

    48273612

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Property Details

  • Bathroom Information

    • Total Baths: 0

    Interior Features

    • Fireplace: Gas Starter,Living Room
    • Flooring: Tile

    Cooling Features

    • Air Conditioning

    Heating Source

    • Central
    • Has Heating

    Fireplace

    • Fireplace Features: Gas Starter,Living Room
    • Has Fireplace: 1

  • Building Information

    • Year Built: 1962

    Security Features

    • Gated Community

    Pool Features

    • Community,In Ground

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 1.8738
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 81624

  • Listing Price Information

    • Original List Price: 6,995,000
    • Listing Contract Date: 2024-08-06

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 680032009, 680032008, 680032007

  • Garage and Parking

    • Garage Description: Assigned,On Street

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Pending
    • Source Neighborhood: 334 - South End Palm Springs
    • Directions: -
    • Source Property Type: Residential Income
    • Area: 334 - South End Palm Springs

    Building and Construction

    • Property Age: 63
    • Year Built Source: Assessor
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 01/21/2025 @ 02:22

  • MLS: 219122351PS
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is recently sold, it has 0 sqft, 81,624 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Palm Springs , in zip code 92264, this Riverside County Home , it is in the The Mesa Subdivision, are nearby neighborhoods.