Keegan Cin | Realtor® | License # DRE 01971604

Property

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
55 more
579 S Highland Drive Palm Springs, CA - Image 4579 S Highland Drive Palm Springs, CA - Image 5579 S Highland Drive Palm Springs, CA - Image 6579 S Highland Drive Palm Springs, CA - Image 7579 S Highland Drive Palm Springs, CA - Image 8579 S Highland Drive Palm Springs, CA - Image 9579 S Highland Drive Palm Springs, CA - Image 10579 S Highland Drive Palm Springs, CA - Image 11579 S Highland Drive Palm Springs, CA - Image 12579 S Highland Drive Palm Springs, CA - Image 13579 S Highland Drive Palm Springs, CA - Image 14579 S Highland Drive Palm Springs, CA - Image 15579 S Highland Drive Palm Springs, CA - Image 16579 S Highland Drive Palm Springs, CA - Image 17579 S Highland Drive Palm Springs, CA - Image 18579 S Highland Drive Palm Springs, CA - Image 19579 S Highland Drive Palm Springs, CA - Image 20579 S Highland Drive Palm Springs, CA - Image 21579 S Highland Drive Palm Springs, CA - Image 22579 S Highland Drive Palm Springs, CA - Image 23579 S Highland Drive Palm Springs, CA - Image 24579 S Highland Drive Palm Springs, CA - Image 25579 S Highland Drive Palm Springs, CA - Image 26579 S Highland Drive Palm Springs, CA - Image 27579 S Highland Drive Palm Springs, CA - Image 28579 S Highland Drive Palm Springs, CA - Image 29579 S Highland Drive Palm Springs, CA - Image 30579 S Highland Drive Palm Springs, CA - Image 31579 S Highland Drive Palm Springs, CA - Image 32579 S Highland Drive Palm Springs, CA - Image 33579 S Highland Drive Palm Springs, CA - Image 34579 S Highland Drive Palm Springs, CA - Image 35579 S Highland Drive Palm Springs, CA - Image 36579 S Highland Drive Palm Springs, CA - Image 37579 S Highland Drive Palm Springs, CA - Image 38579 S Highland Drive Palm Springs, CA - Image 39579 S Highland Drive Palm Springs, CA - Image 40579 S Highland Drive Palm Springs, CA - Image 41579 S Highland Drive Palm Springs, CA - Image 42579 S Highland Drive Palm Springs, CA - Image 43579 S Highland Drive Palm Springs, CA - Image 44579 S Highland Drive Palm Springs, CA - Image 45579 S Highland Drive Palm Springs, CA - Image 46579 S Highland Drive Palm Springs, CA - Image 47579 S Highland Drive Palm Springs, CA - Image 48579 S Highland Drive Palm Springs, CA - Image 49579 S Highland Drive Palm Springs, CA - Image 50579 S Highland Drive Palm Springs, CA - Image 51579 S Highland Drive Palm Springs, CA - Image 52579 S Highland Drive Palm Springs, CA - Image 53579 S Highland Drive Palm Springs, CA - Image 54579 S Highland Drive Palm Springs, CA - Image 55579 S Highland Drive Palm Springs, CA - Image 56579 S Highland Drive Palm Springs, CA - Image 57579 S Highland Drive Palm Springs, CA - Image 58579 S Highland Drive Palm Springs, CA - Image 59
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; tleeson@marcusmillichap.com
  • MLS# OC25082158
  • 04/14/2025
  • Request Tour
  • Request Info
  • Beds • 1
  • Baths • 1
  • SQFT • 27,267
  • Year Built • 1955

Home Details

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 convenient access to a plethora of outdoor activities. Additionally, the Highland Portfolio 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 Portfolio, provides easy access to Downtown Palm Springs, the heart of the city featuring a plethora of unique shops, restaurants, and entertainment options. The portfolio’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 Highland Apartments.
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 FeaturesCommonArea
Total Stories1

Other Rooms

Entry Level1

General for 579 S Highland Drive

Additional Parcels Description680-042-008, 680-042-009
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.51
Carport Y/NNo
CityPalm Springs
Community FeaturesCurbs, Gutters, Sidewalks, Pool
CountyRiverside
DirectionsCross Streets of South Highland Drive & Ramon Road
Electric Expense10354.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense10354.0
Garage Spaces0.0
Garage Y/NNo
Gross Income528991.0
HOANo
HOA Fee$0.0
HeatingNone
Home Warranty Y/NNo
Insurance Expense32000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031, OwnerWillCarry
Lot Size Square Feet60984.0
Lot Size UnitsAcres
MLS Area332 - Central Palm Springs
MaintenanceExpense21700.0
MobileHomeRemainsYNNo
Net Operating Income270082.0
New ConstructionNo
Number Of Units Total31
Open Parking Spaces34.0
Operating Expense232460.0
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
Stories1
Subdivision NameOther
Tax Lot20
Taxes$72,899
Trash Expense10354.0
Water Sewer Expense10355.0
Waterfront Y/NNo
Year Built1955
Year Built SourceAssessor
ZoningR2

Exterior for 579 S Highland Drive

Building Area Total27267.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesStreetLevel
Lot Size Acres1.4
Lot Size Area1.4
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters31
Number of Separate Gas Meters31
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking34.0
Water SourcePublic

Additional Details

Price History

Alexandra Eston

Sales Associate
Price $5,995,000
MLS#OC25082158
List Date 04/14/2025
Property Type Multi-Family
Request Tour
Request Info
Visit My Website

Similar Properties to 579 S Highland Drive

Skip to content