587 S Calle Ajo, Palm Springs, CA 92264

Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
587 S Calle Ajo,Palm Springs, CA 92264
$1,500,000
  • 8 Beds
  • 6 Baths
  • 4,150 sq. ft.
  • Multi-family
  • Active
Listed by:brady sandahl
Office:keller williams luxury homes
MLS#:25569125PS
Source:CRMLS

Price summary

  • Price:$1,500,000
  • Price per sq. ft.:$361.45

About this home

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.

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Home facts

  • Year built:1954
  • Listing ID #:25569125PS
  • Added:67 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:6
  • Living area:4,150 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central, Natural Gas

Structure and exterior

  • Year built:1954
  • Building area:4,150 sq. ft.
  • Lot area:0.24 Acres

Utilities

  • Sewer:Sewer Tap Paid

Finances and disclosures

  • Price:$1,500,000
  • Price per sq. ft.:$361.45
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