502 S Highland Drive Palm Springs, CA $ 1,265,000
502 S Highland Drive
$ 1,265,000
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502 S Highland Drive

Palm Springs, CA, 92264
$ 1,265,000
Bedrooms-- Baths0.0 Sq 2,927

Monthly Estimate*

$ 8,737

Listed by Camila Laverde, LPT Realty, camila.epicrealtygroup@gmail.com
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View a Virtual Tour

Multi-Family Home for sale in Palm Springs, CA

for $1,265,000. This 2,927 square foot home was built in 1979 on a lot size of 0.22.

Fully renovated Palm Springs triplex offering three thoughtfully updated residences centered around a sparkling pool. Each approximately 1,000 SF unit features two bedrooms, one bathroom, a spacious living area, dining area, and upgraded kitchen. Extensive improvements include updated flooring and paint, beautifully renovated bathrooms, newer kitchen appliances, and on-site laundry with washer and dryer. Situated on a private, fully fenced corner lot with six parking spaces, the thoughtful configuration allows each residence to enjoy views of the pool while maintaining its own comfortable living space. All three units are currently tenant occupied, offering an attractive opportunity to acquire a turnkey multi-unit property in Palm Springs. Adding to the property's unique potential is its P (Professional) zoning, which provides for a variety of professional and compatible uses subject to applicable City requirements and approvals. Ideally located approximately 10 minutes from downtown Palm Springs with convenient access to shopping, dining, entertainment, and major thoroughfares.

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Multi-Family Active

Price

$ 1,265,000

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.22

Year Built

1979

Town/City

Palm Springs

County/Region

Riverside

MLS | Web ID

NDP2608855

Days on Market

19

Features
General
Heating Forced Air
Cooling Central Air
Utilities Electricity Connected
Possession See Remarks
Roof Tile
Appliances Dishwasher Gas Cooking Disposal
Zoning P
HOA Fee 0
Garage Spaces 0
Pool Features In Ground
Security Features Gated Community
Construction Materials Stucco
Year Built 1979
Stories Count 1
Levels One
Property Subtype Triplex
Gross Income 79740
Community Features Sidewalks Gated
County Riverside
Net Operating Income 51736
Operating Expense 28004
Insurance Expense 1300
Property Type Residential Income
HOA false
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Follow GPS.
City Palm Springs
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 6
Number Of Units Total 3
MLS Area 332 - Central Palm Springs
Lot Size Units Acres
Lot Size Square Feet 9583.2
Carport Spaces 0
Listing Terms Cash Conventional Submit VA Loan
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 2340
Property Condition Turnkey
Trash Expense 1440
Water Sewer Expense 1284
Rent Control Y/N true
Virtual Tour https://www.zillow.com/view-imx/16b05f10-3f0d-42a8-af61-f1db5fb8a460?wl=true&setAttribution=mls&initialViewType=pano https://www.zillow.com/view-imx/16b05f10-3f0d-42a8-af61-f1db5fb8a460?initialViewType=pano
Standard Status Active
Tax Lot 011060
Property Sub Type Additional Triplex
Taxes 8500
Cap Rate 4.1
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Interior
Interior Amenities Ceiling Fan(s)
Flooring Laminate Vinyl
Total Stories 1
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Common Area
Entry Level 1
Total Baths 0
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Exterior
Exterior Amenities Awning(s)
Parking Features Driveway
Lot Features Corner Lot Level Paved
Total Parking 6
Lot Size Area 0.22
Number of Buildings 3
Spa false
Building Area Total 2927
Lot Size Acres 0.22
Road Surface Type Paved
Private Pool true
Lot Size Source Public Records
Pool Charge 2700
Number of Separate Water Meters 1
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
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* Excluded Features
List By
Camila Laverde

Listing Agent

Lpt Realty

Broker

camila.epicrealtygroup@gmail.com

Email

Affordability Calculator

$8,737
Per Month
100%
0%
0%
Monthly Principal & Interest
$8,737
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/22/2026$1,265,000 Listed Price

Map


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502 S Highland Drive, Palm Springs, CA, 92264 is a Multi-Family Home for sale at $1,265,000 with 2,927 sqft and a lot size of 0.22. 502 S Highland Drive has 0.0 baths and was built in 1979. The property's zip code is 92264 which is in Palm Springs, CA