587 S Calle Ajo
Palm Springs, CA 92264
4150 sqft | 8 beds | 0.24 acres | #25569125PS
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.
Property Details
- Property SubtypeResidentialIncome
- ViewMountains, Pool
- Property TypeMulti-Family
- Sewer InformationSewerTapPaid
- SubdivisionWarm Sands
- Original List Price$1,500,000
- MLS #25569125PS
- MLS #25569125PS
- CountyRiverside
- Cost1500000
- Acres0.24
- Square Feet4150
- Year Built1954
- FoundationSlab
- Bedrooms8
- Stories1
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Brady Sandahl (#CLW-44069)
Listing Office: Keller Williams Luxury Homes (#CLW-4760)
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