Skip main navigation
For sale
  • Listed by: RE/MAX TIME REALTY • Margarita Junak • Contact: 951-809-8184
    $1,050,000

    587 El Placer Rd, Palm Springs, CA 92264

    1beds
    1baths
    4sqft
    : 
    $7,403/mo
    Get pre-qualified
    Quadruplex
    Built in 1958
    -- sqft lot
    $988,200 Zestimate®
    $262,500/sqft
    $-- HOA

    What's special

    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.
    9 days
    110
    9

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Margarita Junak DRE #01893620 951-809-8184,

    RE/MAX TIME REALTY

    Source: CRMLS,MLS#: CV26222265MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 1
      Heating
      • None
      Appliances
      • Laundry: See Remarks
      Features
      • Has fireplace: No
      • Fireplace features: None
      • Common walls with other units/homes: 2+ Common Walls
      Interior area
      • Total structure area: 4
      • Total interior livable area: 4 sqft

      Property

      Features
      • Levels: One
      • Stories: 1
      • Entry location: 1
      • Pool features: None
      Lot
      • Size: 0.26 Acres
      • Features: 2-5 Units/Acre
      Details
      • Parcel number: 680035013
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex
      • Attached to another structure: Yes
      Condition
      • New construction: No
      • Year built: 1958

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: See Remarks

      Community & HOA

      Community
      • Features: Street Lights, Sidewalks
      • Subdivision: Demuth Park
      Location
      • Region: Palm Springs

      Financial & listing details

      • Price per square foot: $262,500/sqft
      • Tax assessed value: $893,005
      • Date on market: 10/15/2026
      • Cumulative days on market: 9 days
      • Listing terms: Cash,Conventional
      • Tenant pays: Trash Collection, Water

        Estimated market value

        $988,200

        $939,000 - $1.04M

        $2,314/mo

        Price history

        DateEventPrice
        10/16/2026Listed for sale$1,050,000+27.3%$262,500/sqft
        Source: CRMLS #CV26222265 Report a problem
        5/8/2026Listing removed$1,750$438/sqft
        Source: CRMLS #CV26063632 Report a problem
        3/24/2026Listed for rent$1,750-2.8%$438/sqft
        Source: CRMLS #CV26063632 Report a problem
        3/24/2026Listing removed$1,800$450/sqft
        Source: CRMLS #CV26024895 Report a problem
        2/3/2026Listed for rent$1,800+5.9%$450/sqft
        Source: CRMLS #CV26024895 Report a problem
        10/9/2024Listing removed$1,700$425/sqft
        Source: CRMLS #CV24204744 Report a problem
        10/3/2024Listed for rent$1,700$425/sqft
        Source: CRMLS #CV24204744 Report a problem
        8/3/2021Sold$825,000+55.7%$206,250/sqft
        Source: Public Record Report a problem
        2/6/2018Sold$530,000+34.7%$132,500/sqft
        Source: Public Record Report a problem
        3/17/2016Sold$393,356-12.6%$98,339/sqft
        Source: Public Record Report a problem
        8/4/2006Sold$450,000-2.7%$112,500/sqft
        Source: Public Record Report a problem
        10/24/2005Sold$462,347-12.8%$115,587/sqft
        Source: Public Record Report a problem
        10/26/2004Sold$530,000+255.7%$132,500/sqft
        Source: CDAR/ Desert Area MLS #41177590 Report a problem
        5/26/2000Sold$149,000+41.9%$37,250/sqft
        Source: Public Record Report a problem
        7/13/1998Sold$105,000$26,250/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026-- $893,005 +2%
        2025$11,409 -18.1%$875,496 +2%
        2024$13,924 -5.1%$858,330 +2%
        2023$14,672 +23.2%$841,500 +2%
        2022$11,905 +41.1%$825,000 +48.1%
        2021$8,437 +4.1%$557,123 +1%
        2020$8,104 $551,412 +2%
        2019-- $540,600 +44.3%
        2018$5,915 +1.2%$374,544 +2%
        2017$5,842 $367,200 -11.5%
        2016$5,842 -5.9%$415,022 +1.5%
        2015$6,208 +32.8%$408,790 +36.3%
        2014$4,674 $300,000
        2013-- $300,000 -49%
        2012-- $588,165 +2%
        2011-- $576,633 +0.8%
        2010-- $572,326 -0.2%
        2009-- $573,688 +2%
        2008-- $562,440 +2%
        2007-- $551,412 +2%
        2006-- $540,600 +2%
        2005-- $530,000 +235.2%
        2003-- $158,119 +2%
        2002-- $155,019 +2%
        2001$2,249 +29.6%$151,980 +41.9%
        2000$1,734 $107,100
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Demuth Park

        Getting around

        57 / 100
        Somewhat Walkable
        31 / 100
        Some Transit

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts