587 S Calle Ajo, Palm Springs, CA 92264

Local realty services provided by:ERA Excel Realty
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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:21 day(s) ago
  • Updated:August 13, 2025 at 01:21 PM

Rooms and interior

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

Heating and cooling

  • Cooling:Central Air
  • Heating:Central Furnace, 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
Based on information from California Regional Multiple Listing Service, Inc. as of August 14, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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