Palm Springs, CA 92264 579 S Highland Drive

579 S Highland Drive Palm Springs, CA - Image 1579 S Highland Drive Palm Springs, CA - Image 2579 S Highland Drive Palm Springs, CA - Image 3
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579 S Highland Drive Palm Springs, CA - Image 4579 S Highland Drive Palm Springs, CA - Image 5
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; tleeson@marcusmillichap.com
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# OC25155870
  • 07/11/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 11
  • Baths • 3
  • SQFT • 8,963

Home Details

579 South Highland Drive is a 10-unit multifamily investment property located in Palm Springs, CA. 579 South Highland is available in conjunction with 509 & 561 South Highland Drive, a 2-property, 21-unit multifamily portfolio. Situated on a spacious parcel measuring 0.47 acres, 579 South Highland Drive 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 property features attractive amenities including secure keypad entry, private patios, a swimming pool, & ample surface parking. Additionally, the property features exclusively single-story construction, a highly desirable characteristic to prospective renters. Furthermore, 579 South Highland Drive 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. 579 South Highland Drive is situated in an optimal Palm Springs location, just moments away from shops and restaurants at El Cielo Center and The Springs. The property is within a 0.85-mile radius of Demuth Park and Sunrise Park, two sprawling community centers granting residents convenient access to a plethora of outdoor activities. Additionally, the property benefits from its close proximity to Palm Springs International Airport, a major employment and economic driver for the area, with tourism being a significant part of the local economy. Furthermore, Ramon Road, situated just to the north of the property, provides easy access to Downtown Palm Springs, the heart of the city featuring a plethora of unique shops, restaurants, and entertainment options. 579 South Highland Drive’s desirable single-story construction and upgraded facilities are primary draws for potential renters. The overall demand for well-maintained and amenitized rental units will be a key driver in the continued growth and success at the property.
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; tleeson@marcusmillichap.com

Interior Features for 579 S Highland Drive

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories1

Other Rooms

Entry Level1

General for 579 S Highland Drive

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.73
Carport Y/NNo
CityPalm Springs
Community FeaturesCurbs, Gutters, Sidewalks, Pool
CountyRiverside
DirectionsCross Streets of South Highland Drive & Ramon Road
Electric Expense2422.0
Entry LocationFirst level
Fuel Expense2422.0
Garage Spaces0.0
Garage Y/NNo
Gross Income158220.0
HOANo
HeatingNone
Home Warranty Y/NNo
Insurance Expense10000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031
Lot Size Square Feet20473.2
Lot Size UnitsAcres
MLS Area334 - South End Palm Springs
Maintenance Expense7000.0
MobileHomeRemainsYNNo
Net Operating Income85096.0
New ConstructionNo
Number Of Units Total10
Open Parking Spaces15.0
Operating Expense65213.0
Pool FeaturesCommunity
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Subdivision NameDemuth Park (33443)
Tax Lot20
Taxes$21,888
Trash Expense2422.0
Water Sewer Expense2424.0
Year Built1955
Year Built SourceAssessor
ZoningR2

Exterior for 579 S Highland Drive

Building Area Total8963.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesStreetLevel
Lot Size Acres0.47
Lot Size Area0.47
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters10
Number of Separate Gas Meters10
Number of Separate Water Meters1
Private PoolNo
SpaNo
Total Parking15.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,800,000
MLS#OC25155870
List Date 07/11/2025
Property Type Multi-Family
Phone 714.742.6515
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Request Info
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