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For Sale

$1,050,000

11,326 sqft$93/sqft23 days on market

587 El Placer Road

Palm Springs, CA 92264

· 8% down, 7% APR, 30yr fixed

—

Beds

—

Baths

11,326

Square feet

1958

Built

Listing narrative

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.

Listing agent (MLS): Margarita Junak · Listing brokerage (MLS): RE/MAX TIME REALTY

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$1,050,000

Beds

Beds n/a

Type

House

Home Size

11,326 sqft

Baths

Baths n/a

Lot Size

0.26 acres

Year

1958

Neighborhood

Demuth Park

Status

For Sale

Days on Market

23

$ / Sqft

$93

· 8% down, 7% APR, 30yr fixed
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Courtesy of RE/MAX TIME REALTY