$1,500,000

587 S Calle Ajo, Palm Springs, CA 92264

4,150 sqft

other
Built in 1954
10,454sqft lot
—— car garage
$361/sqft
Listed 3 months ago

Property Description

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.

Listing Status:: Active
Date Added:: July 24, 2025 at 05:00AM
Listing Office:: Keller Williams Luxury Homes : 760-322-2286
Listing Agent:: Brady Sandahl : 760-656-6052
MLS ID:: CL25569125PS

Appliances: Dryer
Laundry: DryerWasher
Flooring: TileCarpet
A/C: Central Air
Heating: Natural GasOther

Parking: OtherSide By SideUncovered Parking Space

General: Stucco

County: Riverside

Zoning: R2508121008
View: Mountain(s)Other

Utilities: Other Water/Sewer
Water: Other

This listing courtesy of Brady Sandahl, Keller Williams Luxury Homes

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Cahuilla Elementary School

833 E Mesquite Ave, Palm Springs, CA, 92264

Grades KG-5

0.59 miles away

Desert Learning Academy

2248 E Ramon Rd, Palm Springs, CA, 92264

Grades KG-12

1.30 miles away

Desert Learning Academy

2248 E Ramon Rd, Palm Springs, CA, 92264

Grades KG-12

1.30 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.