509 561 S Highland Drive

Palm Springs, CA 92264

  • 0 Bed(s)
  • 0 Bath(s)
  • 18,304 Sqft
  • 40510.8
    Sqft(Lot)
$3,950,000

Description

509 & 561 south highland drive is a 2-property, 21-unit multifamily investment portfolio located in palm springs, ca. 509 & 561 south highland is

available in conjunction with 579 south highland drive, a 10-unit multifamily property. situated on two neighboring parcels encompassing a combined 0.93 acres, 509 & 561 south highland drive offer a mix of studio, one, and two-bedroom floor plans. the majority of the units feature one bedroom, along with 1, studio unit and 2, two-bedroom units - ideally suited for singles, couples, and retirees seeking well-located housing. the properties feature attractive amenities including secure keypad entry, private patios, swimming pools, ample surface parking, and on-site laundry facilities. additionally, the properties feature exclusively single-story construction, a highly desirable characteristic to prospective renters. furthermore, 509 & 561 south highland drive have recently undergone significant capital improvements including new plumbing, electrical, plaster, and tile as well as updated building systems including roofing, solar panels, and more. 509 & 561 south highland drive are situated in an optimal palm springs location, just moments away from shops and restaurants at el cielo center and the springs. the properties are within a 0.85-mile radius of demuth park and sunrise park, two sprawling community centers granting residents convenient access to a plethora of outdoor activities. additionally, the properties benefit from their close proximity to palm springs international airport, a major employment and economic driver for the area, with tourism being a significant part of the local economy. furthermore, ramon road, situated just to the north of the properties, provides easy access to downtown palm springs, the heart of the city featuring a plethora of unique shops, restaurants, and entertainment options. 509 & 561 south highland drive’s desirable single-story construction and upgraded facilities are primary draws for potential renters. the overall demand for well-maintained and amenitized rental units will be a key driver in the continued growth and success at the properties.

  • Property Type

    Residential Income

  • County

    Riverside

  • Style

    Residential Income

  • AD ID

    50403143

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Heating Source

    • None
    • Has Heating

  • Building Information

    • Year Built: 1962
    • Building Area Total: 18,304

    Pool Features

    • Community

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.93
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 40510.8

  • Listing Price Information

    • Original List Price: 3,950,000
    • Listing Contract Date: 2025-07-11

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 680032008

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 334 - South End Palm Springs
    • Postal Code Plus 4: 1055
    • Directions: Cross Streets of South Highland Drive & Ramon Road
    • Zoning: R1C
    • Source Property Type: Residential Income
    • Area: 334 - South End Palm Springs
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 63
    • Common Walls: No Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: First level
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 07/15/2025 @ 23:56

  • MLS: OC25155892
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 18,304 sqft, 40,511 sized lot, and 0 parking. are nearby neighborhoods.