587 El Placer Rd

Palm Springs, CA 92264

$825,000
Last Sold Price
5
Beds
5
Baths
2,408 Sq. Ft.
$343 / Sq. Ft.
2,408
Sq. Ft.
$343
per Sq. Ft.
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Closed 8/3/21
Closed 8/3/21

Description

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...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.

Property Details for 587 El Placer Road

View
Neighborhood
Parking Spaces Total
0
Private Pool
No
Cooling Type
Central Air
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2408
LISTING UPDATED: 08/04/2021 08:13 AM

Property Details for 587 El Placer Road

StatusClosed
MLS #CV21117261
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1965
Lot Size0.26 AC / 11,326 SF
CountyRiverside County
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Location

Listing Courtesy of RE/MAX TIME REALTY, MARGARITA JUNAK, DRE #01893620

Sold By RE/MAX TIME REALTY, MARGARITA JUNAK, DRE #01893620

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Building Information for 587 El Placer Road

Stories1Residences-Year Built1965Building Size-Lot Size0.26 AC / 11,326 SF

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$5,105 per month

30 year fixed, 6.46% Interest

Principal and Interest

$4,154

Property Taxes

$951

HOA Dues

$0

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Property Information for 587 El Placer Road

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, See Remarks
Income / Expense / Tax Details
Income Details
  • Gross Income: $58,500
  • Gross Scheduled Income: $58,500
  • Net Operating Income: $55,736
  • Financing: Conventional
Expense Details
  • Operating Expense: $0
  • New Taxes Expense: $0
  • Electric Expense: $180
  • Insurance Expense: $0
  • Trash Expense: $96
  • Water Sewer Expense: $52
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Block: E
  • Tax Tract Number: 0
  • Tax Census Tract: 448.04
  • Tax Lot: I
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: See Remarks
  • Cooling: Central Air
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Demuth Park
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $1,400
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,100
  • Unit Type Total Rent: $1,100
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,125
  • Unit Type Total Rent: $1,125
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,250
  • Unit Type Total Rent: $1,250
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 587 El Placer Road

DateEvent & SourcePriceAppreciation
Aug 3, 2021

Sold

CRMLS #CV21117261

$825,000—
Aug 3, 2021

Sold

CLAW #CV21117261MR

$825,000—
Aug 3, 2021

Sold

SDMLS #CV21117261

$825,000—
DateEvent & SourcePrice
08/03/2021

Sold

CRMLS #CV21117261

$825,000
08/03/2021

Sold

CLAW #CV21117261MR

$825,000
08/03/2021

Sold

SDMLS #CV21117261

$825,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 587 El Placer Road

Taxable ValueLand$212,241Additions$663,255Total$875,496
Tax Record2025$11,409 ($951 / month)
Home Facts
Total Finished SqFt4,711 SqFtAbove Grade Finished SqFt4,711 SqFtStories1Lot Size11,325 SqFtStyleQuadraplexYear Built1958Year Renovated1959ZoningR2CountyRIVERSIDEAPN680-035-013

Schools near 587 El Placer Road

This home is within Palm Springs Unified School District.
Rating
School
Type
Grades
Distance
Cahuilla Elementary School
Public - K to 5
Raymond Cree Middle School
Public - 6 to 8
Palm Springs High School
Public - 9 to 12
Cielo Vista Charter School
Charter - K to 8
Rating
School
Distance
Cahuilla Elementary School
PublicK to 5

Raymond Cree Middle School
Public6 to 8

Palm Springs High School
Public9 to 12

Cielo Vista Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX TIME REALTY, MARGARITA JUNAK, DRE #01893620

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.