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587 S Calle Ajo

Palm Springs, CA 92264
  • $1,500,000
  • STATUS: Active
  • ON SITE: 108 Days
  • MLS #: 25569125PS
UPDATED: 22 min ago
$1,500,000
  • 8
    BEDS
  • 0.24
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 4,150
    SQFT
  • $361
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1954
County:

School Ratings & Info

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.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-11-10T19:43:12.027. 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.
www.kwcoachellavalley.com/homes/166234065
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587 S Calle Ajo Palm Springs, CA 92264

  • Price: $1,500,000
  • Status: Active
  • On Site: 108 Days
  • Updated: 22 min ago
  • MLS #: 25569125PS
8
Beds
6
Baths
0
½ Baths
0.24
Acres
4,150
SQFT
$361
$/SQFT
1954
Built
Neighborhood:
Warm Sands
County:
Riverside
Area:
Palm Springs South End
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.
Exterior Features

Cross Streets South Palm Canyon Drive & Camino Parocela Direction Faces East Exterior Construction Stucco Levels One Lot Description Fenced Lot Location Corner Lot Lot Size Area 10454 Other Structures None Parking Garage Side By SideUncovered Patio Features Patio Open Pool Description Gunite Pool YN Yes Roof Asphalt Spa None Spa YN No Style Traditional Tennis Court None Tennis YN No Total Parking 6 View Description MountainsPool View YN Yes

Interior Features

Cooling Air ConditioningCentral Equipment DryerWasherRefrigeratorRange/OvenDishwasher Flooring CarpetTile Foundation Details Slab Heating CentralNatural Gas Water Heater Features Water Heater Unit

Property Features

Assessed Total Value 724359 Disclosures None Gross Income 117744 Gross Operating Income 111857 Inclusions All attached appliances including washer and dryer Land Lease Type Fee Like Units1 3 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 88358.00 Number Of Buildings 1 Number Of Units 6 Owner Pays WaterPool ServiceGardener Sale Type Standard Security Features Gated Sewer In Connected and Paid Source Living Area Assessor Source Lot Size Area Vendor Enhanced Tenant Pays Cable TVGasElectricity Total Annual Expense 23499 TVServices Cable TV Type Of Units Apartments Water Water District Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning R2

Listing provided courtesy of Brady Sandahl DRE#01416687 of Keller Williams Luxury Homes: 760-322-2286.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-11-10T19:43:12.027. 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.
 
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KW Coachella Valley
39-575 Washington Street, Suite #105
Palm Desert CA, 92211