Renovated 5-Unit Multifamily
521 Desert Way Palm Springs, CA 92264
New
521 Desert Way, Palm Springs, CA, 92264
$1,357,900
For Sale
$1,357,900
Renovated 5-unit apartment building offered with three long-term residents and R2 zoning flexibility subject to city approval.
Days on Market3
Property Features for 521 Desert Way
General Information
- Standard status
- Active
- Property subtype
- Investment
Building Details
- Year Built
- 1963
Listing agency
HomeSmart Professionals
(760) 333-5956
Listed by
Faith Messenger
(760) 333-5956
Source
Elliman
Added: Jul 20 Updated: Jul 21 at 8:41PM Checked: Jul 21 at 8:41PM
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Investment Insights
Based on property information with market context.
This renovated 5-unit apartment building presents a turn-key, owner-user or investment opportunity. The property is currently producing income with three long-term residents in place. Seller inventory is available for review, and the specific items and any in-place claims should be verified by the buyer.
The building is located on a desirable street in Palm Springs, within walking distance to the College of the Desert. It is also near Demuth Park, which includes multiple pickleball courts and dog parks, as well as access to the CV Link.
Zoned R2, the property may offer additional use flexibility beyond traditional long-term tenancy options, with potential uses described as senior living, recovery retreats, assisted living, multi-generational housing, and sober living, subject to Palm Springs City approval.
The building is located on a desirable street in Palm Springs, within walking distance to the College of the Desert. It is also near Demuth Park, which includes multiple pickleball courts and dog parks, as well as access to the CV Link.
Zoned R2, the property may offer additional use flexibility beyond traditional long-term tenancy options, with potential uses described as senior living, recovery retreats, assisted living, multi-generational housing, and sober living, subject to Palm Springs City approval.
Key Highlights
- Renovated 5‑unit apartment building, year built 1963
- Currently includes 3 long‑term residents for dependable cash flow
- R2 zoning offers flexibility for potential uses subject to Palm Springs City approval
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Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Renovated 5-unit apartment building offered with three long-term residents and R2 zoning flexibility subject to city approval.
Where is this apartment building located?
The property is located at 521 Desert Way Palm Springs, CA.
What is the asking price?
The asking price for this property is $1,357,900.
What are key features of this property?
This property features: Renovated 5‑unit apartment building, year built 1963; Currently includes 3 long‑term residents for dependable cash flow; R2 zoning offers flexibility for potential uses subject to Palm Springs City approval
