Palm Springs, CA 92264,587 S Calle Ajo
Palm Springs, CA 92264,587 S Calle Ajo
Palm Springs, CA 92264,587 S Calle Ajo
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$1,500,000
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8 Beds
6 Baths
4,150 SqFt
Active

587 S Calle Ajo Palm Springs, CA 92264

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,150 sqft

Price per Sqft $361

Subdivision Warm Sands

MLS Listing ID 25569125PS

Style Traditional

Bedrooms 8

Year Built 1954

Lot Size 10,454 Sqft

Acres 0.24

Property Sub-Type Multi-Family

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

Area Palm Springs South End

Zoning R2

Rooms

Other Rooms None

Interior

Heating Central, Natural Gas

Cooling Air Conditioning, Central

Flooring Carpet, Tile

Inclusions All attached appliances including washer and dryer

Equipment Dryer, Washer, Refrigerator, Range/Oven, Dishwasher

Exterior

Parking Features Side By Side, Uncovered

Garage Spaces 6.0

Pool Gunite

View Y/N Yes

View Mountains, Pool

Roof Type Asphalt

Building

Lot Description Fenced

Story 1

Foundation Slab

Sewer In Connected and Paid

Water Water District

Architectural Style Traditional

Level or Stories One

Structure Type Stucco

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Keller Williams Luxury Homes

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agent

Gwendolyn Thomas

Agent | RE.S.0186243

+1(702) 265-5005

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587 S Calle Ajo