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587 S Calle Ajo 6 Unit Apartment Building £1,111,395 (£185,233/Unit) 5.89% Net Initial Yield Palm Springs, CA 92264
INVESTMENT HIGHLIGHTS
- Gated property with each unit has its own private back patio with its own private washer and dryer.
- Each unit has its on central HVAC system
- Located very close to downtown
EXECUTIVE SUMMARY
Charming 6-Unit Investment Opportunity in Prime Palm Springs! Located in the highly desirable Warm Sands neighborhood, this well-maintained six-unit apartment complex offers a rare opportunity just minutes from the best of downtown Palm Springs. The property consists of four one-bedroom units and two two-bedroom units, each featuring private patios and in-unit laundry amenities that significantly enhance tenant appeal. Upgrades include dual-pane windows, modern bathrooms, quality flooring, and fir interior doors, making this a turn-key investment. The property is fully occupied with long-term tenants, reflecting the strong demand in this sought-after south-end location. With a Cap Rate of 5.89%, this is a solid addition to any investment portfolio. A more complete set of interior photos of each unit are available upon request. Clear Termite Report. Property Inspection Report + Disclosures + Pool Inspection Report completed and available. Call BSREG Showing Team 760-548-3522 with preferred showing date and time. Email all OFFERS to offers@bradysandahl.com
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
PROPERTY FACTS
| Price | £1,111,395 | Apartment Style | Low-Rise |
| Price Per Unit | £185,233 | Costar Property Class | C |
| Sale Type | Investment | Total Plot Size | 0.24 ac |
| Yield | 5.89% | Property Size | 5,313 sq ft |
| Gross Rent Multiplier | 12.74 | Average Occupancy | 100% |
| No. Units | 6 | No. Floors | 1 |
| Property Type | Build-to-Rent | Year Built | 1954 |
| Property Subtype | Apartment | Parking Allocation | 1.51/1,000 sq ft |
| Use Class | R2 - Multiple Dwelling | ||
| Price | £1,111,395 |
| Price Per Unit | £185,233 |
| Sale Type | Investment |
| Yield | 5.89% |
| Gross Rent Multiplier | 12.74 |
| No. Units | 6 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.24 ac |
| Property Size | 5,313 sq ft |
| Average Occupancy | 100% |
| No. Floors | 1 |
| Year Built | 1954 |
| Parking Allocation | 1.51/1,000 sq ft |
| Use Class | R2 - Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Tile Floors
- Refrigerator
- Range
- Patio
SITE AMENITIES
- Pool
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 2+1 | 2 | £1,408 | - |
| 1+1 | 4 | £1,148 | - |
1 1
Walk Score®
Easily Walkable (82)
PROPERTY TAXES
| Parcel Number | 508-121-008 | Improvements Assessment | £456,197 (2025) |
| Land Assessment | £91,236 (2025) | Total Assessment | £547,432 (2025) |
PROPERTY TAXES
Parcel Number
508-121-008
Land Assessment
£91,236 (2025)
Improvements Assessment
£456,197 (2025)
Total Assessment
£547,432 (2025)
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587 S Calle Ajo
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