Active

521 Desert Way

Palm Springs, CA 92264

$1,357,900 $5,724/Mo

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Overview

Bed

Bath

10,019

Sqft(Lot)

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 re sidents 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 . Buyer to participate in a seller 1031 Exchange at no cost to the buyer.

Property Details

Property Type : ResidentialIncome

Price : $1,357,900

AD Id : 91278886

MLS Id : 219150331DA

Lot Size : 10,019 Sq. Ft

Year Built : 1963

County : Riverside

Subdivision: Lehigh Acres

Map

What's Nearby

Nearby Areas

Features

Heating & Cooling

Has Heating: Yes Heating: ForcedAir Has Cooling: Yes Cooling: CentralAir

Building Information

Year Built: 1963

Pool Features: InGround

Private Pool: Yes

View: Mountains

Lot Information

Main Square Feet: 10019 Lot Size Acres: 0.23 Lot Size Source: Assessor Lot Size Square Feet: 10,019 Lot Description: Landscaped

Property Information

Subdivision: Demuth Park Source Property Type: ResidentialIncome Postal Code Plus 4: 1116 Property Age: 63

Listing Price Information

Listing Price: $1357900

Cash, CashToNewLoan, Exchange1031

Tax Information

Parcel Number: 680033011

Virtual Tour

Virtual Tour (External Link)

Parking Information

Parking Total: 8 Other

Location Information

Direction: Going west on Ramon..turn south on Desert View Security Features: GatedCommunity

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