587 S Calle Ajo
Palm Springs, CA, 92264
$1,500,000
Beds
0 Baths
SqFt
0.24 Acres
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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

Price:
$1,500,000
MLS #:
25569125PS
Status:
Active
Baths:
0
Address:
587 S Calle Ajo
Type:
Residential Income
Subdivision:
Warm Sands
Neighborhood:
334southendpalmsprings
City:
Palm Springs
Listed Date:
Jul 24, 2025
State:
CA
ZIP:
92264
Lot Size:
10,454 sqft / 0.24 acres (approx)
Year Built:
1954
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Interior

Appliances
Dishwasher, Refrigerator
Cooling
Central Air
Flooring
Carpet, Tile
Heating
Central, Natural Gas
Laundry Features
Washer Included, Dryer Included

Exterior

Architectural Style
Traditional
Construction Materials
Stucco
Parking Features
Side by Side, Uncovered
Parking Spots
6.00
Security Features
Gated Community

Financial

Map

Community

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587 S Calle Ajo
Palm Springs, CA