509 S Highland Drive, Palm Springs, CA

$3,415,000

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3

Beds

3

Baths

0.93

Acres

About 509 S Highland Drive

509 & 561 South Highland Drive is a 2-property, 21-unit multifamily investment portfolio located in Palm Springs, CA. Situated on two neighboring parcels encompassing a combined 0.93 acres, 509 & 561 South Highland Drive offer a mix of studio, one, and two-bedroom floor plans. The majority of the units feature one bedroom, along with 2, studio units and 3, two-bedroom units - ideally suited for singles, couples, and retirees seeking well-located housing. The properties feature 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, 509 & 561 South Highland Drive have recently undergone significant capital improvements including new plumbing, electrical, plaster, and tile as well as updated building systems including roofing, solar panels, and more. 509 & 561 South Highland Drive are 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 properties benefit from their 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 nor

Features of 509 S Highland Drive

MLS® # OC25251506
Price $3,415,000
Bedrooms 3
Bathrooms 3.00
Acres 0.93
Type Residential Income
Sub-Type Res Income 2-4 Units
Status Active

Community Information

Address 509 S Highland Drive
Area RIV CTY-PALM SPRINGS (92264)
City Palm Springs
County Riverside
State CA
Zip Code 92264

Amenities

Is Waterfront No
Has Pool Yes
Pool Community/Common

Interior

Heating N/K
Fireplace Yes
Stories 1 Story

Exterior

Lot Description Curbs,Sidewalks

Additional Information

Date Listed October 31st, 2025
Days on Market 1
Zoning Assessor
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeMarcus & Millichap RE Invest

Listing Map

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