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572 Highland Drive

Palm Springs, CA 92264
  • $3,900,000
  • STATUS: Active
  • ON SITE: 22 Days
  • ID#: 219081991DA
UPDATED: 76 min ago
$3,900,000
  • 0
    BEDS
  • 0.69
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1957
County:

School Ratings & Info

Listing Agent(s): Steve Remball of Desert Real Estate (760-413-3000)


Description

3 Parcels each over 10,000 sq ft. Containing -15- unit Mid - Century Patio Apartments Separately Metered. Current Income $191,784. Projected Annual Income well over $200,000. Renovated with little to no physical obsolescence. Parcels. 003-004 & 005 Quality Construction 3 units w/Fireplaces, Building footage 12,000 square feet. 15+ parking spaces. Drive By Please Do Not Disturb Tenants! Further Information, Please Contact Agent.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T09:28:26.13. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cane Real Estate | Keller Williams La Jolla. Licensed in the State of California, USA.
www.canerealestate.com/homes/130994603
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572 Highland Drive Palm Springs, CA 92264

  • Price: $3,900,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 76 min ago
  • ID#: 219081991DA
0
Beds
0
Baths
0
½ Baths
0.69
Acres
1957
Built
Neighborhood:
Demuth Park
County:
Riverside
Area:
334 - South End Palm Springs
Property Description
3 Parcels each over 10,000 sq ft. Containing -15- unit Mid - Century Patio Apartments Separately Metered. Current Income $191,784. Projected Annual Income well over $200,000. Renovated with little to no physical obsolescence. Parcels. 003-004 & 005 Quality Construction 3 units w/Fireplaces, Building footage 12,000 square feet. 15+ parking spaces. Drive By Please Do Not Disturb Tenants! Further Information, Please Contact Agent.
Exterior Features

Carport Spaces 0 Entry Level 1 Foundation Details Slab Lot Features 2-5 Units/AcreLandscapedNear Public TransitPaved Number Of Separate Electric Meters 15 Open Parking Spaces 15 Parking Features AssignedOtherSide By Side Parking Total 16 Pool Features GuniteIn Ground Pool Private YN Yes Property Attached YN Yes Roof CompositionFlat Spa YN No View Mountain(S) View YN Yes

Interior Features

Appliances Gas Water HeaterWater Heater Fireplace Features Living RoomSee Remarks Fireplace YN Yes Flooring Tile Heating Fireplace(S) Heating YN Yes Interior Features Beamed CeilingsBlock Walls

Property Features

Additional Parcels YN Yes Association Fee 0 Cable Tv Expense 9648 Electric Expense 5820 Garage YN Yes Gross Scheduled Income 200000 Insurance Expense 8617 Land Lease YN No Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash1031 Exchange Number Of Separate Gas Meters 15 Number Of Separate Water Meters 3 Number Of Units Leased 15 Pest Control Expense 1490 Pool Expense 1500 Possession Close Of Escrow Property Condition Updated/Remodeled Rent Control YN No Security Features Security Lights Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 191784 Trash Expense 2304 Water Sewer Expense 3000



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T09:28:26.13. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cane Real Estate | Keller Williams La Jolla. Licensed in the State of California, USA.
 
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Cane Real Estate | Keller Williams La Jolla
7817 Ivanhoe Avenue #101
La Jolla CA, 92037
Listing Agent(s): Steve Remball of Desert Real Estate (760-413-3000)