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$5,995,000
Est. payment /mo
27,267 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 27,267 sqft
Price per Sqft $219
MLS Listing ID CROC25082158
HOA Y/N No
Year Built 1955
Lot Size 1.400 Acres
Acres 1.4
Property Sub-Type Other
Property Description
Highland Portfolio is a 3-property, 31-unit multifamily investment portfolio located in Palm Springs, CA. Seller financing is available on the Highland Portfolio. Situated on three neighboring parcels encompassing a combined 1.40 acres, the Highland Portfolio offers a mix of studio, one, and two-bedroom floor plans. The majority of the units feature one bedroom, along with 1, studio unit and 2, two-bedroom units - ideally suited for singles, couples, and retirees seeking well-located housing. The portfolio features attractive amenities including secure keypad entry, private patios, swimming pools, ample surface parking, and on-site laundry facilities. Additionally, the properties feature exclusively single-story construction, a highly desirable characteristic to prospective renters. Furthermore, the Highland Portfolio has recently undergone significant capital improvements including new plumbing, electrical, plaster, and tile as well as updated building systems including roofing, solar panels, and more. The Highland Portfolio is situated in an optimal Palm Springs location, just moments away from shops and restaurants at El Cielo Center and The Springs. The properties are within a 0.85-mile radius of Demuth Park and Sunrise Park, two sprawling community centers granting residents
Location
State CA
County Riverside
Zoning R2
Interior
Heating None
Fireplace No
Laundry Community Facility
Building
Lot Description Level
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 680032007
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Listed by Tyler Leeson • Marcus & Millichap RE Invest