LKV Realty
Logo
$1,357,900
$6,000Reward *
521 Desert Way, Palm Springs, CA 92264Listing ID 219150331DA

521 Desert Way, Palm Springs, CA 92264

Active
Demuth Park
Time on site: 28 daysLast updated: Jul 16, 2026
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
-
Acres
Acres
0.23
Days on Site
Days on Site
28
Cooling
Cooling
Central Air
Heating
Heating
Forced Air
Year Built
Year Built
1963
Parking
Parking
Other

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 .

Property Information

Property Details

Location

Address
521 Desert Way
County
Riverside
City
Palm Springs
Zip Code
92264
Subdivision
Demuth Park
MLS Area
334 - South End Palm Springs

Interior Features

Heating and Cooling

Cooling
Central Air
Heating
Forced Air

Building

Building Information

Year Built
1963

Financial

Special Conditions
Standard
Faith MessengerHomeSmart, (760) 844-7500

Market Report for 92264

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: California Regional MLS
California Regional MLS logo

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

For corrections to this data please contact Brytecore MLS Support.

CDAR-D25258