About This Home

This 5-bedroom, 5-bathroom multi-family at 587 El Placer Road in Palm Springs, CA is listed for $1,050,000. Built in 1958, on a 0.26 acres lot.

Key Features

  • Built in 1958
  • 0.26 acre lot

Property Details

1 story
5 full
1958
Listing Description

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. Another exceptional feature is the abundant on-site parking, with two designated parking spaces per unit plus four additional guest spaces, totaling 12 parking spaces.

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.

Monthly Cost Estimate

$5,616/mo

20% down · 6.5% · 30 years

Principal$759
Interest$4,550
Insurance$306

Estimates only. Actual payments may vary.

Location

587 El Placer Road

Palm Springs, CA 92264

Other (OTHR)

Questions & Answers

This 5-bedroom, 5-bathroom multi-family at 587 El Placer Road is listed at $1,050,000. The estimated monthly payment is $5,615 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1958, 0.26 acre lot.

This property is listed by Margarita Junak.

MJ

Margarita Junak

License 01893620

Agent at RE/MAX Time

Listed by RE/MAX Time · Broker phone: (909) 373-0880

MLS# CV26222265· Source: California Regional Multiple Listing Service, Inc· 18 days on PropertySimple

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

587 El Placer Road, Palm Springs, CA 92264

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