561 Highland Drive
$6,995,000
35
31
5
29,000
29,000
$241
Description
Prime Investment Opportunity and Entire City Block for Sale! 32 Units Across Three Multi-Family One-Story Buildings. 579, 561, and 509 S. Highland sold collectively as a package for $6,995,000. Key Features:
509: 17 units all 1 bedroom 1 bath with 1 reserved as a managers unit.
561: 5 units all 1 bedroom 1 bath.
579: 10 units 2- 2 beds, 7 1 beds and 1 studio
Swimming Pools: Each building has a brand-new pool with permits, new plumbing, new electrical, new plaster, and designer tile. Pools are SOLAR heated....Prime Investment Opportunity and Entire City Block for Sale! 32 Units Across Three Multi-Family One-Story Buildings. 579, 561, and 509 S. Highland sold collectively as a package for $6,995,000. Key Features:
509: 17 units all 1 bedroom 1 bath with 1 reserved as a managers unit.
561: 5 units all 1 bedroom 1 bath.
579: 10 units 2- 2 beds, 7 1 beds and 1 studio
Swimming Pools: Each building has a brand-new pool with permits, new plumbing, new electrical, new plaster, and designer tile. Pools are SOLAR heated. Private Patios: Almost all units feature private patios, offering tenants their own personal outdoor space. Modern Amenities: Updated retro fitted windows are in all buildings, essential for energy efficiency in the desert climate. Conveniences: On-site laundry facilities and trash pickup for all buildings. Secure Entry: All buildings have keypad secure safe entry system. Parking: Ample parking available for all tenants and guests. Landscaping: Freshly landscaped grounds provide an attractive, low-maintenance environment. Proximity: Located near great eateries and shopping, lovely parks, and golf courses and bus stops. Convenient access to the airport ensures easy travel. Economies of Scale - has massive upside thanks to high key count providing opportunity to raise rents and maximize ROI.
509: 17 units all 1 bedroom 1 bath with 1 reserved as a managers unit.
561: 5 units all 1 bedroom 1 bath.
579: 10 units 2- 2 beds, 7 1 beds and 1 studio
Swimming Pools: Each building has a brand-new pool with permits, new plumbing, new electrical, new plaster, and designer tile. Pools are SOLAR heated....Prime Investment Opportunity and Entire City Block for Sale! 32 Units Across Three Multi-Family One-Story Buildings. 579, 561, and 509 S. Highland sold collectively as a package for $6,995,000. Key Features:
509: 17 units all 1 bedroom 1 bath with 1 reserved as a managers unit.
561: 5 units all 1 bedroom 1 bath.
579: 10 units 2- 2 beds, 7 1 beds and 1 studio
Swimming Pools: Each building has a brand-new pool with permits, new plumbing, new electrical, new plaster, and designer tile. Pools are SOLAR heated. Private Patios: Almost all units feature private patios, offering tenants their own personal outdoor space. Modern Amenities: Updated retro fitted windows are in all buildings, essential for energy efficiency in the desert climate. Conveniences: On-site laundry facilities and trash pickup for all buildings. Secure Entry: All buildings have keypad secure safe entry system. Parking: Ample parking available for all tenants and guests. Landscaping: Freshly landscaped grounds provide an attractive, low-maintenance environment. Proximity: Located near great eateries and shopping, lovely parks, and golf courses and bus stops. Convenient access to the airport ensures easy travel. Economies of Scale - has massive upside thanks to high key count providing opportunity to raise rents and maximize ROI.
- Listed by Adam Gilbert • DRE #01914157 • The Firm Brokerage
Property Details for 561 Highland Drive
Subdivision Name
Demuth Park
Carport Spaces5.00
Garage Spaces.00
ViewMountain(s)
Cross StreetCamino Parocela and Ramon
LISTING UPDATED: 11/19/2024 08:01 PM
Property Details for 561 Highland Drive
Status | Active |
---|---|
MLS # | 219115030 |
Days on Market | 109 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1962 |
Lot Size | 1.00 AC / 43,560 SF |
County | Riverside County |
Building Information for 561 Highland Drive
Stories1Residences-Year Built1962Building Size-Lot Size1.00 AC / 43,560 SF
Property Information for 561 Highland Drive
Property History for 561 Highland Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 561 Highland Drive
Taxable ValueLand$187,272Additions$645,048Total$832,320
Tax Record2024$11,366 ($947 / month)
Home Facts
Total Finished SqFt3,480 SqFtAbove Grade Finished SqFt3,480 SqFtStories1Lot Size10,018 SqFtStyleMulti-Family Res (5+ Units)Year Built1962Year Renovated1967ZoningR2CountyRIVERSIDEAPN680-032-008
Schools near 561 Highland Drive
This home is within Palm Springs Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
Cahuilla Elementary School PublicK to 5 | ||
Raymond Cree Middle School Public6 to 8 | ||
Palm Springs High School Public9 to 12 | ||
Cielo Vista Charter School CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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