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Millman Team Real Estate

$1,357,900
0.23 Acre Lot

521 Desert Way, Palm Springs, California 92264

  • Residential Income Property Type
  • Other Cars Garage
  • 1963 Year Built
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 .

Basic Details
Residential Income
For Sale
219150331DA
$1,357,900
Mountain(s)
1963
0.23 Acre
Active
Features
: In Ground
: Forced Air
: Central Air
: Other
: Tile
1
$0
Address Map
CA
Riverside
Palm Springs
Demuth Park
92264
Desert
521
Way
W117° 29' 30.3''
N33° 48' 55.2''
Going west on Ramon..turn south on Desert View
334 - South End Palm Springs
Additional Information
$0
$0
$0
$0
$0
: Gated
: Landscaped
5
2026-07-15
1
Broker/Agent Information
Home Smart
Faith Messenger
Listing Information
CDAR-D25258
CDAR-oD22725
Cash, Cash to New Loan, 1031 Exchange
Active
2026-07-16T17:28:08Z
CRMLS
: Standard
2026-07-14T22:00:00Z
Agent info
Ray Millman
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