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583 S Calle Abronia, Palm Springs, California 92264, Palm Springs, 92264 - 4 bed, 4 bath

583 S Calle Abronia, Palm Springs, California 92264 home-pic-0
ACTIVE$1,199,000
583 S Calle Abronia, Palm Springs, California 92264
4Beds
4Baths
2,459Sqft
6,098Lot
Year Built
1936
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$488
HOA
-
Days on market
-
Sold On
-
MLS number
IG25069123
Home ConditionFair
Features
Good View: Mountain(s)
ViewMountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(50th), sqft - 2459(50th), beds - 4(50th), baths - 4(50th).

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. It’s 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!

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•0.5mi
4/10
Raymond Cree Middle School
Public,•6-8•2.1mi
4/10
Desert Learning Academy
Public,•K-12•1.2mi
6/10
Palm Springs High School
Public,•9-12•1.4mi
Condition Rating
Fair
The property was built in 1936, making it nearly 90 years old. While the units appear clean and functional, the kitchens and bathrooms are significantly outdated, featuring older white appliances, laminate countertops, basic white cabinetry, and dated tile work, likely from renovations 25-40 years ago. The flooring is predominantly older ceramic tile, and light fixtures are basic. The property is maintained but shows clear signs of age and would require substantial cosmetic updates to meet current market expectations and styles. There are no visible signs of major disrepair or safety issues, but the overall aesthetic and components are well past their prime for modern appeal.
Pros & Cons

Pros

Strong Investment Potential: The property is explicitly marketed as a unique investment opportunity with a stated Cap rate of about 7%, promising immediate returns and long-term rental income prospects.
Diverse Unit Mix: Features a varied unit composition including a 2-bedroom, two 1-bedroom, and an extra-large studio unit, catering to a wider range of tenants and maximizing rental income streams.
Excellent Tenant Amenities: Each unit is equipped with its own washer & dryer, separate electric meter, and assigned parking, significantly enhancing tenant convenience and simplifying utility management for the owner.
Prime Central Location: Strategically located near golf courses, a bus station, grocery stores (Grocery Outlet), and natural attractions like Tahquitz Canyon, boosting tenant desirability and rental demand.
Mountain Views: The property offers mountain views, adding aesthetic value and contributing to the picturesque Palm Springs backdrop, which can enhance rental appeal.

Cons

Age of Property: Built in 1936, the property is nearly 90 years old, which may entail higher maintenance costs, potential for outdated infrastructure (e.g., plumbing, electrical), and lower energy efficiency compared to newer constructions.
Lack of Mentioned Cooling System: Given Palm Springs' hot climate, the absence of any mention of air conditioning or cooling systems in the description is a significant concern for tenant comfort and could negatively impact rental appeal and occupancy.
Property Type Discrepancy: The property is listed as a 'Duplex' in the sub_type field but described as a 'quadraplex' with four distinct units. This inconsistency could lead to confusion regarding zoning, financing, or legal classification.

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