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Listed by Tyler Leeson • Marcus & Millichap RE Invest
$ 5,995,000
Est. payment | /mo
1 Sqft Lot
$ 5,995,000
Est. payment | /mo
1 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25082158
Originating Board California Regional MLS
Year Built 1955
Lot Size 1 Sqft
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
Area 332 - Central Palm Springs
Interior
Heating No Heating
Laundry Community Facility
Exterior
Garage Spaces 34.0
Pool Community Facility
Building
Lot Description Grade - Level
Story One Story
Water District - Public
Others
Tax ID 680032007
Special Listing Condition Not Applicable
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