521 Desert WAY, Palm Springs, CA 92264
521 Desert WAY, Palm Springs, CA 92264
521 Desert WAY, Palm Springs, CA 92264
61
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$1,357,900
Est. payment /mo
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8 Beds
5 Baths
3,900 SqFt
New

521 Desert WAY Palm Springs, CA 92264

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Kimberlee Morgan

Kimberlee Morgan

+1(760) 333-4690

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,900 sqft

Price per Sqft $348

Subdivision Demuth Park

MLS Listing ID 219150331

Bedrooms 8

Full Baths 3

Three Quarter Bath 2

HOA Y/N No

Year Built 1963

Lot Size 10,019 Sqft

Property Description

Rare Palm Springs Demuth Park 5-Unit investment and owner -user opportunity . Beautifully renovated property offering immediate rental income, resort style living and exceptional zoning flexibility. This Desert Urban Retreat presents a unique opportunity. . Set on one of the areas most sought after streets, this 5 unit apartment building blends immediate potential income with comfort and sophistication with owner occupied living if you choose. . Located within walking distance to the new College of the Desert and the newly renovated Demuth Park which features a $7.5 million dollar investment that includes 22 new pickleball courts, large and small dog parks and entrance to the new valley wide CV Link. Nearby Prescott Reserve also adds value to the area., Currently you have 3 long term residents that offer dependable cash flow.

R2 zoning adds valuable flexibility beyond traditional long term tenants Potential uses may include senior living, recovery retreats, assisted living, multi -generational housing, sober living ..all subjected to Palm Springs City approval. This is a turn key property with seller inventory list . All items outlined here are subjected to buyer verification .

Location

State CA

County Riverside

Area 334 - Palm Springs South End

Interior

Heating Forced Air

Cooling Air Conditioning, Central Air

Inclusions Seller inventory list

Fireplace false

Exterior

Pool In Ground, Community

View Y/N true

View Mountain(s)

Private Pool Yes

Building

Lot Description Landscaped

Story 1

Entry Level Ground

Sewer In, Connected and Paid

Level or Stories Ground

Others

Senior Community No

Acceptable Financing 1031 Exchange, Cash, Cash to New Loan

Listing Terms 1031 Exchange, Cash, Cash to New Loan

Special Listing Condition Standard

Listed by HomeSmart

NEARBY SCHOOL & BUSINESS

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Kimberlee Morgan

Kimberlee Morgan

Agent | License ID: 01492141

+1(760) 333-4690

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521 Desert WAY