Listed by Margarita Junak•DRE #01893620• RE/MAX TIME REALTY
Contact: 951-809-8184
For sale
$1,050,000
Est. $7,105/mo —
5
bd
•
5 ba
•
4
sq ft
587 El Placer Rd, Palm Springs, CA 92264
About this home
RESORT-STYLE LIVING IN THE HEART OF PALM SPRINGS! Discover this beautifully mid-century modern four-unit complex. Ideally situated in the desirable Demuth Park neighborhood of South Palm Springs. Offering an exceptional combination of modern upgrades, privacy, and resort-inspired outdoor living, this unique property presents an outstanding opportunity for investors or owner-occupants. Situated on an expansive 11,326 sq. ft. lot, with approximately 2,408 sq. ft. of total living space, this meticulously maintained property features four spacious units. Unit #2 offers 2 bedrooms and 2 bathrooms, while units #1, #3, and #4 each feature 1 bedroom and 1 bathroom. Units #2 and #4 are currently tenant-occupied, offering existing rental income potential, while the property's desirable location and extensive upgrades make it an excellent investment opportunity. Step outside and experience a private, resort-like retreat, surrounded by a six-foot perimeter wall and secured gated entrances. The thoughtfully designed common grounds feature inviting outdoor lounging and entertaining areas, beautifully landscaped walkways, decorative lighting, and low-maintenance desert landscaping with native plants, trees, pea gravel, and drip irrigation systems. Each residence also enjoys its own private backyard, complete with gated access to the common grounds or separate street entrances, offering additional privacy and convenience. Conveniently located near Demuth Park, Palm Springs International Airport, shopping centers, restaurants, cultural attractions, and vibrant downtown Palm Springs, this property offers easy access to the area's renowned dining, shopping, entertainment, and recreational destinations. A RARE OPPORTUNITY TO OWN A FOUR-UNIT PROPERTY WITH RESORT-STYLE AMENITIES IN ONE OF PALM SPRINGS' MOST DESIRABLE LOCATIONS! Perfect for those seeking an exceptional investment opportunity or a private desert retreat with additional income potential.
Demuth Park, located between East Palm Canyon Drive and East Ramon Road, is a residential and park-centered Palm Springs neighborhood with midcentury ranch homes and a broad greenbelt. The neighborhood’s character concentrates at Demuth Park along Mesquite Avenue, where ballfields, tennis courts, and shaded paths set a steady, outdoorsy rhythm. Low-slung lines, desert landscaping, and mountain views shape the streetscape. The Palm Springs Swim Center and the Palm Springs Dog Park act as daily gathering points beside the park’s open lawns. Nearby, Moorten Botanical Garden adds a distinctly Palm Springs note of cacti and desert botany. The feel is calm and practical, with recreation and walkable park edges defining the map.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Bedrooms
Four units: three 1-bedroom units and one 2-bedroom unit
Bathrooms
Four full bathrooms total: three units with one bathroom each and one unit with two bathrooms
Kitchen
Refrigerators in two units
Laundry & utility
Laundry available
Exterior features
Street lighting
Sidewalks
Home design
One story
Single-level entry
Utilities
Public sewer
Four separate gas meters
Four separate electric meters
One separate water meter
Financial info
Gross scheduled income of $93,000
Net operating income of $79,000
Total expenses of $5,000
Tenants pay for trash and water
Electricity and solar
View estimated energy costs and solar savings for this home
TRULY BEAUTIFUL LIKE A FIRST-CLASS RESORT! This mid-century modern 4-unit complex in the Demuth Park area of South Palm Spring exudes tranquility, comfort and privacy. This complex in this upscale area which is fully surrounded by a 6 foot wall with security gates demonstrates pride of ownership in true Palm Springs fashion. The recently renovated resort-like common grounds are welcoming to residents and visitors alike. The units are good size at 2408 square feet total and a huge lot 11,326 square feet. One unit (#2) offers 2 Bedrooms and 2 Baths. The other Three Units (#1,3,4) offer 1 Bedroom and 1 Bath. All units have beautiful views and step out onto a tastefully designed common area for lounging and entertaining with walkways leading to each unit. All four units have been upgraded including: New paint (interior and exterior) and new lighting fixtures throughout. The new kitchen cabinets are soft touch close, granite countertops, brand new central AC units, new windows, tankless water heaters, stainless steel appliances, ceiling Fans, bathrooms with new vanities, sinks and shower enclosures. Each unit has its own private small backyards with gates leading to common areas or exits to the street for private entrances. And that's not all, the grounds have been tastefully landscaped in low to no maintenance pea gravel and native plants and trees all on drip systems and well-designed lighting. This beautiful complex includes plenty of parking with 2 parking spaces for each unit and 4 extra spaces for guests for a total of 12 parking spaces. This ideal location is close to all amenities including Palm Springs Airport and Museum, shopping centers and just minutes from great dining and shopping in downtown Palm Springs.
GPSMLS #41359076
Sep 18, 2019
Listing Removed
—
Feb 17, 2009
Listed
$339,999
$85,000/sq ft
GPSMLS #41314081
Sep 18, 2019
Listing Removed
—
Dec 6, 2007
Listed
$515,000
$128,750/sq ft
CRMLS #IG17271964
Feb 6, 2018
Sold
$530,000
$132,500/sq ft
Jan 14, 2018
Contingent
—
Dec 23, 2017
Price Changed
$525,000
$131,250/sq ft
Dec 8, 2017
Listed
$525,000
$131,250/sq ft
Dec 8, 2017
Listed
$529,000
$132,250/sq ft
CRMLS #IG17206374
Dec 8, 2017
Price Changed
$529,000
$132,250/sq ft
Dec 8, 2017
Listing Removed
—
Dec 3, 2017
Price Changed
$535,000
$133,750/sq ft
Nov 7, 2017
Price Changed
$539,000
$134,750/sq ft
Oct 11, 2017
Price Changed
$549,000
$137,250/sq ft
Oct 4, 2017
Price Changed
$559,000
$139,750/sq ft
Sep 16, 2017
Price Changed
$565,000
$141,250/sq ft
Sep 7, 2017
Price Changed
$579,000
$144,750/sq ft
Sep 6, 2017
Listed
$589,000
$147,250/sq ft
CRMLS #SW16078241
May 12, 2016
Sold
$263,025
$65,756/sq ft
Apr 25, 2016
Pending
—
Apr 14, 2016
Listed
$250,900
$62,725/sq ft
SDMLS #301713218
May 12, 2016
Sold
$263,025
$65,756/sq ft
Apr 14, 2016
Listed
$250,900
$62,725/sq ft
GPSMLS #41442193
May 23, 2016
Listing Removed
—
Dec 11, 2011
Contingent
—
Nov 20, 2011
Listed
$299,900
$74,975/sq ft
SDMLS #301702460
May 23, 2016
Listing Removed
—
Nov 20, 2011
Listed
$299,900
$74,975/sq ft
GPSMLS #16972101
Jan 14, 2016
Listed
$290,000
$72,500/sq ft
SDMLS #301707766
Jan 23, 2016
Listing Removed
—
Jan 12, 2016
Listed
$290,000
$72,500/sq ft
SDMLS #301707072
Dec 27, 2015
Listing Removed
—
Apr 16, 2007
Listed
$525,000
$131,250/sq ft
SDMLS #301702452
Aug 2, 2009
Listing Removed
—
Feb 17, 2009
Listed
$339,999
$85,000/sq ft
SDMLS #301706290
Mar 8, 2008
Listing Removed
—
Dec 6, 2007
Listed
$515,000
$128,750/sq ft
GPSMLS #41288738
Jun 18, 2007
Listing Removed
—
Apr 16, 2007
Listed
$525,000
$131,250/sq ft
GPSMLS #21249708
May 26, 2006
Listing Removed
—
May 8, 2006
Listed
$434,900
$108,725/sq ft
GPSMLS #21234529
Apr 20, 2006
Listing Removed
—
Jan 4, 2006
Listed
$434,900
$108,725/sq ft
GPSMLS #41177590
Oct 26, 2004
Sold
$530,000
$132,500/sq ft
Oct 26, 2004
Sold
$530,000
$132,500/sq ft
Mar 10, 2004
Listed
$499,000
$124,750/sq ft
GPSMLS #21132716
Oct 16, 2002
Listing Removed
—
Apr 15, 2002
Listed
$239,000
$59,750/sq ft
Public Records
May 26, 2000
Sold
$149,000
$37,250/sq ft
Public Records
Jul 13, 1998
Sold
$105,000
$26,250/sq ft
Public Records
Jul 9, 1993
Sold
$150,000
$37,500/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$11,409 (−18.1%)
$212,241 + $663,255
$875,496
2024
$13,924 (−5.1%)
$212,241 + $663,255
$875,496
2023
$14,672 (+23.2%)
$208,080 + $650,250
$858,330
2022
$11,905 (+41.1%)
$204,000 + $637,500
$841,500
2021
$8,437 (+4.1%)
$200,000 + $625,000
$825,000
2020
$8,104 (+1.5%)
$157,676 + $399,447
$557,123
2019
$7,982 (+34.9%)
$156,060 + $395,352
$551,412
2018
$5,915 (+1.2%)
$153,000 + $387,600
$540,600
2017
$5,842 (−8.1%)
$91,800 + $275,400
$367,200
2016
$6,359 (+2.4%)
$91,800 + $275,400
$367,200
2015
$6,208 (+32.8%)
$97,836 + $317,186
$415,022
2014
$4,673 (+1.0%)
$60,000 + $240,000
$300,000
2013
$4,628 (−41.4%)
$60,000 + $240,000
$300,000
2012
$7,892 (+5.5%)
$60,000 + $240,000
$300,000
2011
$7,478 (−1.5%)
$159,997 + $428,168
$588,165
2010
$7,589
$156,860 + $419,773
$576,633
2009
$7,587 (+7.4%)
$155,689 + $416,637
$572,326
2008
$7,068
$156,060 + $417,628
$573,688
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
0.26 Acres
Year renovated
1959
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
1958
Style
Other
County
Riverside County
APN
680035013
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 8, 2026.
R2
Limited Multiple-Family Residential Zone
The R-2 zone is intended to provide for the development of medium-density multiple-family residential uses.
Permitted uses
Include but are not limited to:
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Other
Hotel / motel
Climate risks
5/10 Flood Factor
Estimated 22-32% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
7 days above 112° expected this year, 21 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
5/10 Air Factor
6 unhealthy days expected this year, 8 days in 30 years
Provided by First Street
Historical weather
Palm Springs, CA • 92264
Average low and high temperatures (°F)
69
48
76
55
82
60
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60
91
66
101
74
104
79
104
79
94
74
90
66
75
54
73
50
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 587 El Placer Rd
$1,041,576
$8,424 under list price of $1.05M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $575K to $944K.