587 El Placer RD, Palm Springs, CA 92264
587 El Placer RD, Palm Springs, CA 92264
587 El Placer RD, Palm Springs, CA 92264
587 El Placer RD, Palm Springs, CA 92264
587 El Placer RD, Palm Springs, CA 92264
587 El Placer RD, Palm Springs, CA 92264
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$ 1,050,000
Est. payment | /mo

0.26 Acres Lot


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$ 1,050,000
Est. payment | /mo
Save

0.26 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Demuth Park

MLS Listing ID CV26222265

HOA Y/N No

Year Built 1958

Lot Size 0.260 Acres

Property Sub-Type Quadruplex

Property Description

RESORT-STYLE LIVING IN THE HEART OF PALM SPRINGS! Discover this beautifully mid-century modern four-unit complex. Ideally situated in the desirable Demuth Park neighborhood of South Palm Springs. Offering an exceptional combination of modern upgrades, privacy, and resort-inspired outdoor living, this unique property presents an outstanding opportunity for investors or owner-occupants.
Situated on an expansive 11,326 sq. ft. lot, with approximately 2,408 sq. ft. of total living space, this meticulously maintained property features four spacious units. Unit #2 offers 2 bedrooms and 2 bathrooms, while units #1, #3, and #4 each feature 1 bedroom and 1 bathroom. Units #2 and #4 are currently tenant-occupied, offering existing rental income potential, while the property's desirable location and extensive upgrades make it an excellent investment opportunity. Step outside and experience a private, resort-like retreat, surrounded by a six-foot perimeter wall and secured gated entrances. The thoughtfully designed common grounds feature inviting outdoor lounging and entertaining areas, beautifully landscaped walkways, decorative lighting, and low-maintenance desert landscaping with native plants, trees, pea gravel, and drip irrigation systems. Each residence also enjoys its own private backyard, complete with gated access to the common grounds or separate street entrances, offering additional privacy and convenience. Conveniently located near Demuth Park, Palm Springs International Airport, shopping centers, restaurants, cultural attractions, and vibrant downtown Palm Springs, this property offers easy access to the area's renowned dining, shopping, entertainment, and recreational destinations. A RARE OPPORTUNITY TO OWN A FOUR-UNIT PROPERTY WITH RESORT-STYLE AMENITIES IN ONE OF PALM SPRINGS' MOST DESIRABLE LOCATIONS! Perfect for those seeking an exceptional investment opportunity or a private desert retreat with additional income potential.

Location

State CA

County Riverside

Area 332 - Central Palm Springs

Interior

Heating None

Fireplaces Type None

Fireplace No

Laundry See Remarks

Exterior

Pool None

Community Features Street Lights, Sidewalks

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water See Remarks

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 680035013

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Margarita Junak RE/MAX TIME REALTY 951-809-8184, DRE #01893620

Nearby Locations

Travis Breton

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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587 El Placer RD

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