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.
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
Quadruplex
Built in 1958
-- sqft lot
$988,200 Zestimate®
$262,500/sqft
$-- HOA
What's special
- 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#: CV26222265
Originating 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
| Date | Event | Price |
|---|---|---|
| 10/16/2026 | Listed for sale | $1,050,000+27.3%$262,500/sqft |
Source: | ||
| 5/8/2026 | Listing removed | $1,750$438/sqft |
Source: CRMLS #CV26063632 Report a problem | ||
| 3/24/2026 | Listed for rent | $1,750-2.8%$438/sqft |
Source: CRMLS #CV26063632 Report a problem | ||
| 3/24/2026 | Listing removed | $1,800$450/sqft |
Source: CRMLS #CV26024895 Report a problem | ||
| 2/3/2026 | Listed for rent | $1,800+5.9%$450/sqft |
Source: CRMLS #CV26024895 Report a problem | ||
| 10/9/2024 | Listing removed | $1,700$425/sqft |
Source: CRMLS #CV24204744 Report a problem | ||
| 10/3/2024 | Listed for rent | $1,700$425/sqft |
Source: CRMLS #CV24204744 Report a problem | ||
| 8/3/2021 | Sold | $825,000+55.7%$206,250/sqft |
Source: Public Record Report a problem | ||
| 2/6/2018 | Sold | $530,000+34.7%$132,500/sqft |
Source: Public Record Report a problem | ||
| 3/17/2016 | Sold | $393,356-12.6%$98,339/sqft |
Source: Public Record Report a problem | ||
| 8/4/2006 | Sold | $450,000-2.7%$112,500/sqft |
Source: Public Record Report a problem | ||
| 10/24/2005 | Sold | $462,347-12.8%$115,587/sqft |
Source: Public Record Report a problem | ||
| 10/26/2004 | Sold | $530,000+255.7%$132,500/sqft |
Source: | ||
| 5/26/2000 | Sold | $149,000+41.9%$37,250/sqft |
Source: Public Record Report a problem | ||
| 7/13/1998 | Sold | $105,000$26,250/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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


