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Status: ACTIVE

583 S Calle Abronia 
Palm Springs, CA 92264

3% Drop

$1,149,000

$1,110,000

------/mo*
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Introducing a unique investment opportunity awaited by astute investors and developers alike. A charming quadraplex, minimal maintenance property, with few operating expenses, nestled in the scenic neighborhood of Palm Springs. This property boasts a diverse unit mix, including one spacious 2-bedroom, 1-bath unit, two comfortable 1-bedroom, 1-bath units, and one extra-large studio with one bathroom and a separate kitchen. These units combine ample living space with functional design that maximizes space and comfort. Each unit has its own washer & dryer and electric meter. Parking is never an issue, with assigned parking for each tenant. This quadraplex is not just a place to live, it is an investment in comfort and convenience, promising long-term rental income prospects and immediate returns with a Cap rate of about 7. Location is the ace in the hole for this property! Centrally located to several golf courses nearby for convenience, and popular courses a bit farther out. A short stroll away is the Ramon at Indian Canyon bus station, placing convenience right on your tenant's doorstep. The Grocery Outlet is a mere stone's throw away for your grocery runs. Tahquitz Canyon offers acres of natural beauty that is less than a mile away for those moments when grounding calls. Its the perfect backdrop for those Instagram-worthy sunset pics or a serene morning jog! Whether you're looking to live in one unit and accommodate multiple tenants in the other units, this property blends functionality with charm, set against the picturesque backdrop of Palm Springs. Turn this property into your profitable income property or your private oasis or why not a bit of both? Opportunities are knocking; make sure you're home!
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Bedrooms
4
Baths
4
House Size
2,459 sqft
Year Built
1936
Lot Size
0.14 ac

Location

Market Insights

In the last 30 days, homes for sale in 92264, Palm Springs, CA were on the market for a median of 82 days and 0% of homes sold above list price.

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Interior Information

appliances
Dishwasher
Dryer
Microwave
Refrigerator
Washer
Gas Oven
Gas Range
Gas Water Heater
heating
Energy Star Qualified Equipment
laundry features
Washer Hookup
view
Mountain(s)

Exterior Information

patio and porch
Covered
Patio

Property Information

architectural style
Craftsman/bungalow
construction
Adobe
Concrete
parking
Assigned
security features
Carbon Monoxide Detector(s)
sewer
Public Sewer
subdivision name
Warm Sands (33520)
utilities
Electricity Available
Natural Gas Available
Electricity Connected
Natural Gas Connected
Phone Connected
Sewer Connected
Water Connected
water source
Public
  • Listed By BRIAN DROZE
  • Brian@briandrozerealtor1.com
  • (760) 243-4860
  • BPO HOMES INC.
  • (888) 616-5270
  • operations@bpohomes.com
  • MLS IG25154374

Monthly Payments Calculator

Estimated Monthly Cost

$7,073

30 year fixed·6.9% interest rate
Principal & Interest
$5,848
Property Taxes
$925
Home Insurance
$300
HOA Fees
$0
%

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*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
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