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 7.85%, 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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Schools
Interior
Appliances
Dishwasher, Refrigerator
Cooling
Central Air
Flooring
Carpet, Tile
Heating
Central, Natural Gas
Exterior
Foundation Details
Slab
Parking Features
Side by Side, Uncovered
Parking Spots
6.00
Pool Features
Gunite
Security Features
Gated Community
Sewer
Sewer Paid
Spa Features
None
Stories Total
1
View
Mountain(s), Pool
Financial
Tenant Pays
Cable T V, Gas, Electricity
Map
Community
- Address587 S Calle Ajo Palm Springs CA
- Area334 – South End Palm Springs
- SubdivisionWarm Sands
- CityPalm Springs
- CountyRiverside
- Zip Code92264
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587 S Calle Ajo
Palm Springs, CA
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