587 S Calle Ajo - Apartments FOR SALE


Palm Springs, CA 92264- Warm Sands
$1,500,000 USD
760-656-6052
587 S Calle Ajo, Palm Springs, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/75
null | 5.89% Cap Rate

587 S Calle Ajo
Palm Springs, CA 92264
Warm Sands


HIGHLIGHTS

  • Gated property with each unit has its own private back patio with its own private washer and dryer.
  • Located very close to downtown
  • Each unit has its on central HVAC system

OVERVIEW

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. A more complete set of interior photos of each unit are available upon request. Clear Termite Report. Property Inspection Report + Disclosures + Pool Inspection Report completed and available. Call BSREG Showing Team 760-548-3522 with preferred showing date and time. Email all OFFERS to offers@bradysandahl.com

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$282 USD /SF

# OF UNITS

6

PRICE/UNIT

$250,000

CAP RATE

5.89%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

R2

APN/PARCEL ID

508-121-008

ASK ABOUT THIS PROPERTY

Brady SandahlTheMLS.com (CLAW)More Info
760-656-6052

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Brady SandahlTheMLS.com (CLAW)More Info
760-656-6052

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.