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Residential Income - 587 El Placer Road, Palm Springs, CA

$1,050,000

587 El Placer Road, Palm Springs, CA

MLS# CV26222265

587 El Placer Road, Palm Springs, CA 92264 - $1,050,000 · Multi-Family Home for Sale, photo 1 587 El Placer Road, Palm Springs, CA 92264 - $1,050,000 · Multi-Family Home for Sale, photo 2 587 El Placer Road, Palm Springs, CA 92264 - $1,050,000 · Multi-Family Home for Sale, photo 3 587 El Placer Road, Palm Springs, CA 92264 - $1,050,000 · Multi-Family Home for Sale, photo 4 587 El Placer Road, Palm Springs, CA 92264 - $1,050,000 · Multi-Family Home for Sale, photo 5
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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. 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.

Property details

Year built
1958
Property type
Residential Income
Lot size
11,326 sqft

Location

587 El Placer Road • Palm Springs, CA 92264

More homes for sale and rent in Palm Springs, CA →

Listing Agent

Margarita Junak

DRE #: 01893620

Brokerage: RE/MAX TIME REALTY

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Closed sales reported in 92264, nearest first, last 12 months. All recent sales in Palm Springs →

Sale history for 587 El Placer Road → (3 recorded sales)

CRMLS

MLS# CV26222265

Listed: 10/15/2026 1:15 PM

© 2026 California Regional Multiple Listing Service, Inc.

Based on information from the California Regional Multiple Listing Service, Inc. as of 10/17/2026 6:11 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: RE/MAX TIME REALTY

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

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