60
See all 60 photos
$5,995,000
Est. payment /mo
3 Beds
3 Baths
Active
579 S Highland Drive Palm Springs, CA 92264
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25082158
Bedrooms 3
Property Sub-Type Res Income 2-4 Units
Property Description
Highland Portfolio is a 3-property, 31-unit multifamily investment portfolio located in Palm Springs, CA. Seller financing is available on the Highland Portfolio. Situated on three neighboring parcels encompassing a combined 1.40 acres, the Highland Portfolio offers a mix of studio, one, and two-bedroom floor plans. The majority of the units feature one bedroom, along with 1, studio unit and 2, two-bedroom units - ideally suited for singles, couples, and retirees seeking well-located housing. The portfolio features 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, the Highland Portfolio has recently undergone significant capital improvements including new plumbing, electrical, plaster, and tile as well as updated building systems including roofing, solar panels, and more. The Highland Portfolio is 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 Highland Portfolio benefits from its close proximity to Palm Springs International Airport, a major employment and economic driver for the area, with tourism being a significant part of the local economy. Furthermore, Ramon Ro
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 680032007
Listed by Tyler Leeson Marcus & Millichap RE Invest