587 El Placer Road,Palm Springs, CA 92264
Palm Springs, CA 92264
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.
Details
| MLS # | CV26222265 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 27 |
| Listing Provided By | RE/MAX TIME REALTY | Margarita Junak |
Features
| SQ Feet | 2,408 |
|---|---|
| Story(s) | 1 |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.26 |
Interior
| Heating | None |
|---|---|
| Heating Yes / No | No |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Two To Five Units Acre |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Riverside |
| City | Palm Springs |
| Zip Code | 92264 |
| Area | 332 Central Palm Springs |
| Community Name | Demuth Park |
| Listing VS Median (in Demuth Park) | |
Price: $1,050,000 low | high Med: $759,500 sqft: 2,408 low | high Med: 1,525 $ / sqft: $436 low | high Med: $499 On site: 27 low | high Med: 60 | |
Market Activity 92264
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Learn More About This Property
| State | CA |
|---|---|
| County | Riverside |
| City | Palm Springs |
| Zip Code | 92264 |
| Area | 332 Central Palm Springs |
| Community Name | Demuth Park |
| Listing VS Median (in Demuth Park) | |
Price: $1,050,000 low | high Med: $759,500 sqft: 2,408 low | high Med: 1,525 $ / sqft: $436 low | high Med: $499 On site: 27 low | high Med: 60 | |
