521 Desert Way, Palm Springs, CA 92264
Local realty services provided by:CENTURY 21 Select Real Estate, Inc.
521 Desert Way,Palm Springs, CA 92264
$1,357,900
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: faith messenger
Office: homesmart760-844-7500
MLS#:219150331DA
Source:CRMLS
Price summary
- Price:$1,357,900
About this home
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 ....
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Home facts
- Year built:1963
- Listing ID #:219150331DA
- Added:12 day(s) ago
- Updated:July 28, 2026 at 10:57 AM
Rooms and interior
- Flooring:Tile
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Year built:1963
- Lot area:0.23 Acres
- Lot Features:Landscaped
Finances and disclosures
- Price:$1,357,900
Features and amenities
- Pool features:In Ground
Parking
- Total parking spaces:8
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