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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$1,110,000
583 S Calle Abronia, Palm Springs, California 92264
4Beds
4Baths
2,459Sqft
6,098Lot
Year Built
1936
Close
-
List price
$1.11M
Original List price
$1.2M
Price/Sqft
$451
HOA
-
Days on market
-
Sold On
-
MLS number
IG25154374
Home ConditionFair
Features
Excellent View: Mountain(s)
Patio
ViewMountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $1.11M(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

Price History

Date
Event
Price
09/27/25
Price Change
$1,110,000-3.4%
09/01/25
Price Change
$1,149,000
07/09/25
Listing
$1,199,000
Condition Rating
Fair
The property was built in 1936, making it quite old. While the images show that the units are clean and appear well-maintained with some updates like wood-look laminate flooring and fresh paint, the kitchens feature basic white appliances, laminate countertops, and mosaic tile backsplashes that are functional but dated in style, likely from a renovation 15-30 years ago. The presence of wall-mounted AC units and outdoor washer/dryers suggests a more basic, older setup rather than modern systems. The property is livable and maintained, but major components and aesthetics are outdated and would benefit from more substantial, modern renovations.
Pros & Cons

Pros

Strong Investment Potential: The property is presented as a unique investment opportunity with long-term rental income prospects and immediate returns, boasting an attractive Cap rate of about 7.
Diverse Unit Mix & Individual Amenities: Features a versatile unit mix (2-bed, 1-bed, studio) and provides individual washer/dryer, separate electric meters, and assigned parking for each unit, enhancing tenant appeal and operational efficiency.
Prime Location & Accessibility: Centrally located in Palm Springs, offering easy access to golf courses, public transportation (bus station), essential services (Grocery Outlet), and natural attractions (Tahquitz Canyon).
Low Operating Expenses: Described as a minimal maintenance property with few operating expenses, which contributes to higher net operating income for investors.
Flexibility for Owner/Investor: Offers the flexibility for an owner to live in one unit while generating income from the others, or to operate it purely as a profitable income property.

Cons

Age of Property: Built in 1936, the property's age suggests potential for outdated infrastructure (e.g., plumbing, electrical systems) and may require significant capital expenditures for modernization or unforeseen repairs.
Lack of Modern Comforts Mentioned: The description does not specify modern amenities such as central air conditioning, which is a crucial feature for tenant comfort and marketability in the Palm Springs climate.
Limited Renovation Details: While described as 'charming' and 'functional,' there's no explicit mention of recent major renovations or upgrades to the units or building systems, implying potential for deferred maintenance or necessary updates.

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