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570 S Highland Drive, Palm Springs, CA 92264$3,499,000

--
bed
--
bath
· 30057
ft2 lot

Listing provided courtesy of Steve Remball, Desert Real Estate
Source CRMLS;
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Reduced Half Million dollars from original listing MLS# 219069735 Three Parcels each over 10,000 sq ft.=30,000 sq.ft.+- Containing -14- unit Mid - Century Patio Apartments Separately Metered. Current Income $191,604. Projected Annual Income well over $200,000. Renovated with most units very large converted 2 bedrooms. 3 Lots 003-004 & 005 Quality Construction 3 units w/Fireplaces, Building footage 12,000 square feet. 15+ parking spaces. Drive By Please Do Not Disturb Tenants! Further Information, Please Contact Agent.

HOA

$0/month

On market

2 months

Year built

1958

Property type

Multi-Family

Parking

16

MLS

219084897DA

Price / Sq.Ft.

ft2

Status

Active

Buyer’s Brokerage Commission

2%

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Home details for 570 S Highland Drive

Interior Features & Layout
Appliances
•   
Appliances: Gas Water Heater, Water Heater
•   
Has Appliances
•   
Security Features: Security Lights
•   
Laundry: 1
Fireplace Info
•   
Has Fireplaces
•   
Fireplace Details: See Remarks, Living Room
Rooms Info
•   
Room Information: Great Room, Living Room, See Remarks, Sound Studio
•   
Entry Level: 1
Interior Features
•   
Interior Features: Beamed Ceilings, Block Walls
Heating & Cooling
•   
Has Heating
•   
Heating Details: Fireplace(s)
•   
Cooling Details: Central Air, Dual, Wall/Window Unit(s)
Flooring
•   
Flooring: Tile
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Assigned, Other, Side by Side
•   
Garage Spaces: 1.00
•   
Uncovered Spaces: 15.00
•   
Carport Spaces: 0.00
Property Features
•   
View: Mountain(s)
•   
Property Condition: Updated/Remodeled
•   
Pool Details: In Ground, Private, Gunite
Building Info
•   
Zoning: 1OGB82Z9HAAU
•   
Roof: Composition, Flat
•   
Foundation Details: Slab
•   
Stories Total: 1
•   
Num Stories: One
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: 2-5 Units/Acre, Back Yard, Landscaped, Paved, Near Public Transit, Park Nearby
•   
Lot Size Acres: 0.6900
•   
Additional Parcels Description: 003-004-005
•   
Lot Size Dimensions: 3 Individual Lots
•   
Lot Size Area: 30057.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 3
•   
Total Units: 14
Exterior Features
•   
Private Pool: 1
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 14
•   
Number Of Separate Gas Meters: 14
•   
Number Of Separate Water Meters: 3
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 3000.00
•   
Laundry Income: 720.00
•   
Licenses Expense: 150.00
•   
Pest Control Expense: 1490.00
•   
Laundry Equipment Own Lease: Own
•   
Total Actual Rent: 191604.00
•   
Trash Expense: 2304.00
•   
Insurance Expense: 8617.00
•   
Professional Management Expense: 1500.00
•   
Pool Expense: 1500.00
•   
Gross Scheduled Income: 200000.00
•   
Gardener Expense: 1440.00
Terms
•   
Exclusions: Tenants Personal Property
•   
Inclusions: Appliances Fixtures Murphy Beds Equipment
Listing Info
•   
Status: Active
Other
•   
Electric Expense: 5820.00
•   
Cable Tv Expense: 9648.00
Multi Unit Information
Multi Unit Information
•   
Number Of Units Leased: 14
School Neighborhood & Directions
Location
•   
Other Subdivision Name: Demuth Park
•   
Subdivision: Demuth Park
School Info
•   
Directions: Ramon Rd Two Blocks East of El Cielo between Desert View & Desert Way. Long term month to month tenants do not disturb.
Other
Calculation
•   
Dom: 63

Neighborhood snapshot

96
Properties for sale
16
Median days on market
$335.89
Median sold price/sqft
103.28%
Sold/List %
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Property History for 570 S Highland Drive

11/14/2022
11/14/2022
CRMLS #219084897DA
active
CRMLS #219084897DA
$3,499,000
--2.81%
10/30/2022
10/30/2022
CRMLS #219084897DA
active
CRMLS #219084897DA
$3,600,000
--4.00%
09/23/2022
09/23/2022
CRMLS #219084897DA
active
CRMLS #219084897DA
$3,750,000

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