587 El Placer Road
Palm Springs, CA, 92264 $ 1,050,000
Bedrooms-- Baths1.0 Sq 4 Monthly Estimate*
$ 7,252
Listed by Margarita Junak, RE/MAX TIME REALTY, margaritajunak@gmail.com
for $1,050,000 with 1 full bath. This 4 square foot home was built in 1958 on a lot size of 0.26.
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.
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FeaturesGeneralSewer Public Sewer
Heating None
HOA Fee 0
Garage Spaces 0
Pool Features None
Year Built 1958
Tenant Pays Trash Collection Water
Stories Count 1
Levels One
Property Subtype Quadruplex
Gross Income 0
Community Features Street Lights Sidewalks
County Riverside
Net Operating Income 79000
Operating Expense 5000
Insurance Expense 2800
New Construction false
Property Type Residential Income
HOA false
Subdivision Name Demuth Park
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions El Cielo Rd and Roman Rd
City Palm Springs
Entry Location 1
Senior Community Y/N false
Number Of Units Total 4
MLS Area 332 - Central Palm Springs
Lot Size Units Square Feet
Lot Size Square Feet 11326
Listing Terms Cash Conventional
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Trash Expense 100
Water Sewer Expense 80
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot I
Property Sub Type Additional Quadruplex
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InteriorFireplace Features None
Total Stories 1
Common Walls 2+ Common Walls
Heating Y/N false
Fireplace Y/N false
Laundry Features See Remarks
Entry Level 1
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ExteriorLot Features 2-5 Units/Acre
Water Source See Remarks
Total Parking 0
Lot Size Area 11326
Number of Buildings 1
Building Area Total 4
Lot Size Acres 0.26
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded FeaturesList ByMargarita JunakListing Agent
margaritajunak@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,252
- 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.
Learn more about how to save NearbyMulti-family listings in Palm Springs, CA
Average List Price $1,287,238
Percent of Sale Price 23%
About Palm Springs, CA 46,525 Population
9% Since 2002
$ 49,313 Median Income
54.63 Median Age
11% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/16/2026 | $1,050,000 | | Listed Price |