509 S Highland Drive, Palm Springs, CA 92264 - MLS#OC25155892

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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$3,750,000

Est. payment - /mo

3 Beds

3 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Demuth Park (33443)

MLS Listing ID OC25155892

Bedrooms 3

Property Sub-Type Res Income 2-4 Units

Property Description

509 & 561 South Highland Drive is a 2-property, 21-unit multifamily investment portfolio located in Palm Springs, CA. 509 & 561 South Highland is available in conjunction with 579 South Highland Drive, a 10-unit multifamily property. Situated on two neighboring parcels encompassing a combined 0.93 acres, 509 & 561 South Highland Drive offer a mix of studio, one, and two-bedroom floor plans. The majority of the units feature one bedroom, along with 2, studio units and 3, two-bedroom units - ideally suited for singles, couples, and retirees seeking well-located housing. The properties feature attractive amenities including secure keypad entry, private patios, swimming pools, ample surface parking, and on-site laundry facilities. Additionally, the properties feature exclusively single-story construction, a highly desirable characteristic to prospective renters. Furthermore, 509 & 561 South Highland Drive have recently undergone significant capital improvements including new plumbing, electrical, plaster, and tile as well as updated building systems including roofing, solar panels, and more. 509 & 561 South Highland Drive are situated in an optimal Palm Springs location, just moments away from shops and restaurants at El Cielo Center and The Springs. The properties are 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 properties benefit from their close proximity to Palm Springs International Airport, a major employment and economic driver for the

Location

State CA

County Riverside

Zoning Assessor

Direction Cross Streets of South Highland Drive & Ramon Road

Interior

Fireplace No

Exterior

Pool Community/Common

View Y/N No

Building

Story 1

Level or Stories 1

Others

Tax ID 680032008

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Listed by Tyler Leeson Marcus & Millichap RE Invest

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

509 S Highland Drive Palm Springs, CA 92264

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

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