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

583 S Calle Abronia, Palm Springs, California 92264 home-pic-0
ACTIVE$1,110,000
583 S Calle Abronia, Palm Springs, California 92264
0Bed
0Bath
2,458Sqft
6,098Lot
Year Built
1936
Close
-
List price
$1.11M
Original List price
$1.2M
Price/Sqft
$452
HOA
-
Days on market
-
Sold On
-
MLS number
IG25154358
Home ConditionFair
Features
Good View: Mountain(s), Neighborhood
ViewMountain(s), Neighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $1.11M(50th), sqft - 2458(50th), beds - undefined(50th), baths - undefined(50th).

MOTIVATED SELLER. 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

Price History

Date
Event
Price
09/27/25
Price Change
$1,110,000-3.4%
09/01/25
Price Change
$1,149,000-4.2%
07/09/25
$1,199,000
Condition Rating
Fair
The property, built in 1936, has undergone renovations, but the style of these updates appears to be 15-25 years old. The kitchens feature white cabinets, laminate countertops, and a dated mosaic tile backsplash. Appliances are a mix of white and stainless steel, suggesting piecemeal updates rather than a cohesive modern renovation. Bathrooms are functional with updated vanities and fixtures, but the tile flooring is not contemporary. Laminate wood flooring is present throughout living areas. While the property is well-maintained and move-in ready, the visible styles and finishes in key areas like the kitchen and bathrooms show signs of being outdated, aligning with the 'Fair' condition criteria for a property of its age with renovations between 15-30 years ago.
Pros & Cons

Pros

Strong Investment Opportunity: This quadraplex offers a compelling investment with a stated 7% Cap Rate, promising immediate returns and long-term rental income potential.
Prime & Convenient Location: Centrally located in Palm Springs, providing tenants easy access to golf courses, public transportation, grocery stores, and natural attractions like Tahquitz Canyon.
Diverse Unit Mix: The property features a varied unit composition (2-bed, 1-bed, studio), appealing to a broad tenant demographic and maximizing occupancy potential.
Tenant-Centric Amenities: Each unit is equipped with its own washer/dryer, separate electric meters, and assigned parking, significantly enhancing tenant appeal and convenience.
Low Operating Expenses: Described as a 'minimal maintenance property' with 'few operating expenses,' which contributes positively to the net operating income for investors.

Cons

Historic Property Age: Built in 1936, the property's age may necessitate future capital expenditures for system upgrades or renovations to meet contemporary standards and tenant expectations.
Potential for Outdated Interiors/Systems: The description emphasizes functionality but lacks details on recent aesthetic or system modernizations, suggesting interiors might be dated and potentially limit rental upside.
Absence of Cooling System Mention: Given Palm Springs' hot climate, the lack of explicit mention of air conditioning or cooling systems could be a significant drawback for tenant comfort and marketability.

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