$1,400,000
587 S Calle Ajo, Palm Springs CA 92264
Multi-Family (6 Units)
Property type
132 days
On market
$337
Price per sqft
N/A
Garage
1954
Year built
10,454 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Brady Sandahl DRE #01416687 760-656-6052, Keller Williams Luxury Homes, Antonio Estrada DRE #01975439, Keller Williams Luxury Homes
Listing updated: May 7, 2026 at 03:32pm.
Last checked: Jun 15, 2026 at 11:01pm
Source: CRMLS #26647315PS
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 2 | 1 | 1 | — | $1,600 | $38,400 | $40,800 | Unfurnished |
| 1 | 1 | 1 | — | $1,450 | $17,400 | $20,400 | Unfurnished |
| 1 | 2 | 1 | — | $1,900 | $22,800 | $26,400 | Unfurnished |
| 1 | 2 | 1 | — | $1,900 | $22,800 | $26,400 | Unfurnished |
| 1 | 1 | 1 | — | $1,650 | $19,800 | $20,400 | Unfurnished |
# of Buildings: 1
# of Units Total: 6
Carpet: 6
Dishwasher: 6
Refrigerator: 6
Tenant Pays: Cable Tv, Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
11.6x
List Price / Annual Gross Rent
Cap Rate
5.51%
NOI / List Price
Net Operating Income: $77,124
Interior
Flooring: Carpet, Tile
Cooling: Central Air
Heating: Central, Natural Gas
Appliances: Dishwasher, Refrigerator, Dryer, Washer
Laundry: Dryer Included, Washer Included
Exterior
Architectural Style: Traditional
Stories Total: 1
Levels: One
Foundation: Slab
Construction Materials: Stucco
Direction Faces: East
Security Features: Gated Community
Pool: Gunite
Spa: None
Sewer: Sewer Tap Paid
View: Mountains, Pool
Patio and Porch Features: Open, Patio
Garage and Parking
Parking: Side By Side, Uncovered
Parking Total: 6
Lot Information
Land Lease: No
Parcel #: 508121008
Zoning: R2
Subdivision: Warm Sands
Community
HOA: No
Senior Community: No
Community Features: Gated