520 Desert Vw Dr Palm Springs, CA 92264-1040
Property Lookup
Property profile & analytics
520 Desert Vw Dr Palm Springs, CA 92264-1040
- Apartment buildings
- 3,350 SF
- 0.23 lot acres
Property ID
US10-1825818
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 520 Desert Vw Dr
- Year built
- 1963
- Construction
- WOOD
- Lot size
- 0.23 lot acres
- Property size
- 3,350 SF
- Zone code
- R2
- Property type
- Apartment buildings
- APN
- 680-032-002
- APU
- 680032002
Description
This exceptional five-unit apartment building in Palm Springs, California presents a compelling investment opportunity. The property, situated at 520 Desert View Dr, 92264, boasts a total of 3,765 square feet on a 0.23-acre lot. Each of the five units features two bedrooms and one bathroom, complete with private patios or backyards. Built in 1978, the property has undergone a complete renovation, resulting in excellent condition and a modern aesthetic. Individual units are equipped with separately metered electricity and gas. The exterior showcases recent upgrades including new paint, windows, landscaping, lighting, and asphalt. Constructed with a wood frame, stucco exterior, and concrete slab foundation, this single-story building offers low-maintenance operation and immediate cash flow. The property's prime location provides convenient access to Palm Springs' vibrant dining, entertainment, and cultural attractions, and is just two minutes from Palm Springs International Airport. The asking price is $1,475,000, representing a price per unit of $295,000 and a price per square foot of $391.77. The property's strong performance is reflected in its 4.99% cap rate. This turnkey asset offers a rare combination of location, condition, and financial performance, making it an ideal addition to any investment portfolio.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $905,000
- 6.5%
- $835,000
- 7%
- $775,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,330,000
- AI Estimate
- $855,000
Market price range: $595k - $1.96MMarket price range: $297k - $1.30M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,220,000 Current use
- AUTO REPAIR, GARAGE
- $1,445,000 Change: +18% Conversion: Difficult
- WAREHOUSE, STORAGE
- $1,360,000 Change: +11% Conversion: Difficult
- RETAIL STORES
- $1,215,000 Change: -1% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Palm Springs
- County
- Riverside
- State
- California
- Longitude
- -116.509
- Latitude
- 33.8154
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$10,149
$159,181
$573,052
$732,233
-
$0.00
$0.00
$0.00
