Highland Portfolio
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Highland Portfolio
3 Multifamily Properties Offered at $6,995,000 in Palm Springs, CA
Investment Highlights
- Modern Amenities: Updated retro fitted windows are in all buildings, essential for energy efficiency in the desert climate.
- Private Patios: Almost all units feature private patios, offering tenants their own personal outdoor space.
- Swimming Pools: Each building boasts a brand-new pool with permits, new plumbing, new electrical, new plaster, and designer tile. All pools are SOLAR
Executive Summary
Prime Investment Opportunity and Entire City Block for Sale! 31 Units Across Three Multi-Family One-Story Buildings
579 S Highland Drive is a 10-unit, spanish-style apartment complex located just north of Demuth Park in Central Palm Springs. This single-level complex spans just under 9,000 SF of interior space and provides ample parking for residents. Units include paver tile floors throughout, updated kitchen, central A/C, and a private patio area. In the center of the complex is a solar-heated pool area, as well as the on-site laundry room. A well- maintained property in a great location.
561 S Highland Dr is 5 unit, all 1 bed, 1.5 bath apartment complex, offers a number of the same luxuries as our neighboring property with expansive units (just under 5,000 SF of interior space), central pool, solar, and private parking.
509 S Highland Dr is a 17-unit multi-family apartment complex located directly next to 561 Highland. This single-level complex spans just over 14,824 SF of interior space and provides ample parking for residents. Units include paver tile floors throughout, updated kitchen, central A/C, and a private patio area. In the center of the complex is a solar-heated pool area, as well as the on-site laundry room. A well- maintained property in a great location.
579 S Highland Drive is a 10-unit, spanish-style apartment complex located just north of Demuth Park in Central Palm Springs. This single-level complex spans just under 9,000 SF of interior space and provides ample parking for residents. Units include paver tile floors throughout, updated kitchen, central A/C, and a private patio area. In the center of the complex is a solar-heated pool area, as well as the on-site laundry room. A well- maintained property in a great location.
561 S Highland Dr is 5 unit, all 1 bed, 1.5 bath apartment complex, offers a number of the same luxuries as our neighboring property with expansive units (just under 5,000 SF of interior space), central pool, solar, and private parking.
509 S Highland Dr is a 17-unit multi-family apartment complex located directly next to 561 Highland. This single-level complex spans just over 14,824 SF of interior space and provides ample parking for residents. Units include paver tile floors throughout, updated kitchen, central A/C, and a private patio area. In the center of the complex is a solar-heated pool area, as well as the on-site laundry room. A well- maintained property in a great location.
Property Facts
| Price | $6,995,000 | Number of Properties | 3 |
| Price / SF | $287.23 / SF | Individually For Sale | 3 |
| Cap Rate | 4.75% | Total Building Size | 24,353 SF |
| Sale Type | Investment | Total Land Area | 1.40 AC |
| Status | Active |
| Price | $6,995,000 |
| Price / SF | $287.23 / SF |
| Cap Rate | 4.75% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 3 |
| Total Building Size | 24,353 SF |
| Total Land Area | 1.40 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 561 S Highland Dr, Palm Springs, CA 92264 | Multifamily | 4,323 SF | 1962 | - |
| 509 S Highland Dr, Palm Springs, CA 92264 | Multifamily | 11,067 SF | 1959 | - |
| 579 S Highland Dr, Palm Springs, CA 92264 | Multifamily | 8,963 SF | 1955 | - |
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