521 Desert Way Palm Springs, CA $ 1,357,900
521 Desert Way
$ 1,357,900
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521 Desert Way

Palm Springs, CA, 92264
$ 1,357,900
Bedrooms8 Baths5.0 Sq 3,900

Monthly Estimate*

$ 8,574

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Multi-Family Home for sale in Palm Springs, CA

for $1,357,900 with 8 bedrooms and 5 full baths. This 3,900 square foot home was built in 1963.

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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Multi-Family Active

Price

$ 1,357,900

Bedrooms

8

Full Bath

5

Property Type

Multi-Family

Taxes

$ 0

Style

Year Built

1963

Town/City

Palm Springs

County/Region

Riverside

MLS | Web ID

219150331

Features
General
Living Area 3900
Sewer In Connected and Paid
Heating Forced Air
Cooling Air Conditioning Central Air
Possession Close Of Escrow
Garage Spaces 0
Pool Features In Ground Community
Security Features Gated Community
Year Built 1963
Tenant Pays Move In Fee
View Mountain(s)
Levels Ground
County Riverside
Property Type Residential Income
Subdivision Name Demuth Park
Status Active
City Palm Springs
Senior Community Y/N false
MLS Area 334 - Palm Springs South End
Carport Spaces 0
Listing Terms 1031 Exchange Cash Cash to New Loan
Spa Features Community Above Ground
Walk Score 0
Standard Status Active
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Interior
Flooring Ceramic Tile
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
1/4 Baths 0
Total Baths 5
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Exterior
Parking Features Other Total Uncovered/Assigned Spaces
Lot Features Landscaped
Total Parking 8
Inclusions Seller inventory list
Lot Size Area 10019
Spa true
Building Area Total 3900
Lot Size Source Assessor
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* Excluded Features
List By
Faith P Messenger

Listing Agent

Homesmart

Broker

faithmessenger@yahoo.com

Email

Affordability Calculator

$8,574
Per Month
100%
0%
0%
Monthly Principal & Interest
$8,574
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
0 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/16/2026$1,357,900 Listed Price

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521 Desert Way, Palm Springs, CA, 92264 is a Multi-Family Home for sale at $1,357,900 with 3,900 sqft. 521 Desert Way has 8 bedrooms, 5.0 baths, and was built in 1963. The property's zip code is 92264 which is in Palm Springs, CA