587 S Calle Ajo Palm Springs, CA $ 1,400,000
587 S Calle Ajo
$ 1,400,000
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587 S Calle Ajo

Palm Springs, CA, 92264
$ 1,400,000
Bedrooms8 Baths1.0 Sq 4,150

Monthly Estimate*

$ 8,620

Listed by Keller Williams Luxury Homes
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Multi-Family Home for sale in Palm Springs, CA

for $1,400,000 with 8 bedrooms and 1 full bath. This 4,150 square foot home was built in 1954 on a lot size of 0.24.

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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Multi-Family Active

Price

$ 1,400,000

Bedrooms

8

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.24

Year Built

1954

Town/City

Palm Springs

County/Region

Riverside

MLS | Web ID

26647315PS

Days on Market

1

Features
General
Living Area 4150
Sewer Sewer Tap Paid
Heating Central Natural Gas
Cooling Central Air
Appliances Dishwasher Refrigerator Dryer Washer
Zoning R2
Patio/Porch Features Open Patio
Architectural Style Traditional
Pool Features Gunite
Security Features Gated Community
Construction Materials Stucco
Year Built 1954
Tenant Pays Cable TV Electricity Gas
View Mountain(s) Pool
Stories Count 1
Levels One
Gross Income 117744
Community Features Gated
County Riverside
Net Operating Income 88358
New Construction false
Property Type Residential Income
HOA false
Subdivision Name Warm Sands
Facing Direction East
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions FROM DOWNTOWN PALM SPRINGS: Take South Palm Canyon southbound passing Ramon Road. Left on Camino Parocela. Left on Calle Ajo.
City Palm Springs
Senior Community Y/N false
Number Of Units Total 6
MLS Area 334 - South End Palm Springs
Lot Size Units Square Feet
Lot Size Square Feet 10454
Spa Features None
Land Lease Y/N false
Standard Status Active
Cap Rate 5.89
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Interior
Flooring Carpet Tile
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 8
Total Baths 6
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Exterior
Parking Features Side By Side Uncovered
Total Parking 6
Inclusions All attached appliances including washer and dryer
Lot Size Area 10454
Foundation Details Slab
Number of Buildings 1
Spa false
Building Area Total 4150
Lot Size Acres 0.24
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* Excluded Features
List By
Keller Williams Luxury Homes

Broker

brady@bradysandahl.com

Email

Affordability Calculator

$8,620
Per Month
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Monthly Principal & Interest
$8,620
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% 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
2/4/2026$1,400,000 Listed Price

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587 S Calle Ajo, Palm Springs, CA, 92264 is a Multi-Family Home for sale at $1,400,000 with 4,150 sqft and a lot size of 0.24. 587 S Calle Ajo has 8 bedrooms, 1.0 baths, and was built in 1954. The property's zip code is 92264 which is in Palm Springs, CA