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    587 S Calle Ajo Palm Springs, CA 92264

    For Sale
    $1,500,000

    MULTI_FAMILY - Palm Springs, CA

    Property size:
    4,150 SF
    Lot size:
    0.24 Acres
    Days on Market:
    127
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 587 S Calle Ajo

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    R2
    Rooms
    Bedroom 3, Bedroom 7, Bedroom 8, Bedroom 4, Bedroom 5, Bedroom 6, Bathroom 4, Bathroom 1, Bathroom 3, Bathroom 5, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 6
    Bedrooms
    8
    Bathrooms
    6
    APN
    508-121-008
    Parking
    6
    Parking features
    Side By Side, Covered
    Patio and Porch features
    Patio
    Size
    4,150 SF
    Lot size
    0.24 Acres

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1954
    Floors in Building
    1
    Number of units
    6
    Flooring type
    Carpet, Tile
    Roof type
    Asphalt

    Keller Williams Realty (760) 969-1002 [email protected]

    Listing agent Brady Sandahl (760) 322-2286 License #01416687

    Listing date Aug 1, 2025

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Palm Springs Multifamily Investment Opportunity

    This six-unit apartment complex is located in the Warm Sands neighborhood of Palm Springs. The property features four one-bedroom units and two two-bedroom units. Each unit includes private patios and in-unit laundry amenities. Upgrades to the property include dual-pane windows, modern bathrooms, quality flooring, and fir interior doors. The property is fully occupied with long-term tenants. The property size is 4150 square feet and the lot size is 0.24 acres. The zoning is R2. The property is located minutes from downtown Palm Springs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Springs
    County
    Riverside
    State
    California
    Longitude
    -116.544952
    Latitude
    33.814255

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    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment complex in Palm Springs' Warm Sands neighborhood.
    Where is this apartment building located?
    The property is located at 587 S Calle Ajo Palm Springs, CA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Prime Warm Sands location, minutes from downtown Palm Springs.; - Turn-key investment with a **5.89% Cap Rate.**; - Six-unit complex with a mix of one and two-bedroom units.
    (760) 322-2286
    Request Owner's contact information
    587 S Calle Ajo Palm Springs, CA 92264
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    Palm Springs, CA 92264
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    587 S Calle Ajo Palm Springs, CA 92264
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