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$ 1,500,000
Est. payment /mo
Active
587 S Calle Ajo Palm Springs, CA 92264
4,150 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,150 sqft
Price per Sqft $361
MLS Listing ID CL25569125PS
HOA Y/N No
Year Built 1954
Lot Size 10,454 Sqft
Acres 0.24
Property Sub-Type Other
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 5.89%, this is a solid addition to any investment portfolio.
Location
State CA
County Riverside
Zoning R2
Interior
Heating Natural Gas, Other
Cooling Central Air
Flooring Tile, Carpet
Fireplace No
Appliance Dryer
Laundry Dryer, Washer
Exterior
Utilities Available Other Water/Sewer
View Y/N true
View Mountain(s), Other
Building
Water Other
New Construction No
Others
Tax ID 508121008
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Listed by Brady Sandahl • Keller Williams Luxury Homes