579 Highland Dr Palm Springs, CA 92264-1054
Property profile & analytics
579 Highland Dr Palm Springs, CA 92264-1054
- Apartment buildings
- 4,255 SF
- 0.47 lot acres
Property ID
US09-1752988
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 579 Highland Dr
- Year built
- 1955
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.47 lot acres
- Property size
- 4,255 SF
- Zone code
- R2
- Property type
- Apartment buildings
- APN
- 680-032-007
- APU
- 680032007
Description
This exceptional investment opportunity presents a portfolio of three meticulously maintained apartment buildings totaling 32 units, situated on a single city block in desirable Palm Springs, CA. The portfolio comprises three separate properties located at 579, 561, and 509 South Highland Drive, all within the 92264 zip code. The properties boast a combined interior space exceeding 28,824 square feet and offer ample resident parking. Each building features a solar-heated pool and on-site laundry facilities. The 10-unit building at 579 S Highland Dr. showcases Spanish-style architecture and approximately 9,000 square feet of interior space. Units feature updated kitchens, central air conditioning, private patios, and paver tile floors. The 5-unit building at 561 S Highland Dr. offers expansive units (just under 5,000 square feet of interior space), all with one bedroom and 1.5 bathrooms, and shares the amenities of the other buildings. Finally, the 17-unit building at 509 S Highland Dr. offers over 14,824 square feet of interior space and mirrors the features of the 579 S Highland Dr. building. This portfolio offers a compelling 4.75% cap rate and a price per unit of $218,593.75, making it an attractive investment opportunity in a thriving market. The properties are classified as Class B and have historically demonstrated minimal vacancy. This is a rare chance to acquire a substantial, well-maintained multifamily portfolio in a prime Palm Springs location. The asking price for this entire portfolio is $6,995,000.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Palm Springs
- County
- Riverside
- State
- California
- Longitude
- -116.509
- Latitude
- 33.8144
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$14,646
$166,123
$814,595
$980,718
-
$0.00
$0.00
$0.00
