540 S Highland Drive Palm Springs, CA
$ 3,975,000
Property Attributes
  • MLS#219069735DA
  • TypeIncome
  • CityPalm Springs
  • AreaSouth End Palm Springs
  • NeighborhoodDemuth Park
  • Zip92264
  • Style
  • Price$ 3,975,000
  • Bedrooms15
  • Full Bathrooms15
  • Half Bathrooms0
  • Lot Size0.69 Acres
Listing Provided Courtesy Of:
Steve Remball with Desert Real Estate - (760) 413-3000
Data Source:
California Regional MLS (CRMLS)
Property Description

3 Separate Parcels Sold Together. Three Main Buildings Containing -15- unit Mid - Century Patio Apartments. Renovated with little to no physical obsolescence. Varied Mixture of different Size Units on -3- Separate Parcels. 003-004 & 005 with over -15- parking spaces.

Price History
11/1/2021 Listed $3,975,000

General Features

Additional Parcels Description 680033004, 680033005
Additional Parcels Y/N Yes
Appliances Gas Water Heater, Water Heater
Community Features Gated
Cooling Central Air
Flooring Tile
Garage Spaces 1
Garage Y/N Yes
Heating Central, Fireplace(s)
Interior Features Beamed Ceilings, Block Walls
Listing Agent Steve Remball - BRE#00475059
Listing Agent State License 00475059
MLS Area 334 - South End Palm Springs
Open Parking Spaces 15
Pool Features Gunite, In Ground
Property Attached Y/N Yes
Property Type Residential Income
PropertyCondition Updated/Remodeled
Roof Composition, Flat
Security Features Gated Community, Security Lights
Senior Community Y/N No
Special Listing Conditions Standard
Status Active
Subdivision Name Demuth Park
Terms Cash, 1031 Exchange
Total Actual Rent 174420
Total Units 15
View Mountain(s)
Water Sewer Expense 3000

Interior Features

Air Conditioning Y/N Yes
Fireplace Features Living Room, See Remarks
Fireplace Y/N Yes
Heating Y/N Yes

Exterior Features

Foundation Details Slab
Lot Features 2-5 Units/Acre, Landscaped, Near Public Transit, Paved
Lot Size Acres 0.69
Lot Size Area 0.69
Lot Size Source Assessor
Lot Size Units Acres
Number of Buildings 3
Number of Separate Electric Meters 15
Number of Separate Gas Meters 15
Number of Separate Water Meters 3
Parking Features Assigned, Other, Side By Side
Total Parking 16
View Y/N Yes

Room Details

Room Dimensions Level Flooring Details
Great Room
Sound Studio


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 92264

AVG $3.98M
AVG 64
Year Built
AVG 1957
AVG 49
Data Provided by Walkscore ® not using MLS data

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