Palm Springs, CA 92264 547 Desert Way
$1,375,000
6 more
Presented By: Kyle Carruthers with KC West Real Estate;
Year Built • 1966
Home Details
Palm Springs apartments for sale. 5 units, all large 1-bedroom units over 750 square feet each with large private patios and yard space. This is a low maintenance building with plenty of room to add value. Two units are being intentionally left vacant for the sale, giving the Buyer immediate upside. The other units are rented month to month and well below market. Property is a great fit for a value-add investor, furnished rental, or owner user opportunity. Units are potentially large enough to add a 2nd bedroom. There is a laundry room with washer and dryer and a large storage room. Private, gated courtyard. Rare opportunity to invest in world famous Palm Springs.
Presented By: Kyle Carruthers with KC West Real Estate;
Interior Features for 547 Desert Way
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringCarpet, Laminate
Heating Y/NYes
Total Stories1
General for 547 Desert Way
Additional Parcels Y/NNo
AppliancesWaterHeater
Attached Garage No
Carport Spaces0.0
Carport Y/NNo
CityPalm Springs
Community FeaturesGated
CoolingWallWindowUnits
CountyRiverside
DirectionsOn E Ramon Rd, turn onto Desert Way
Electric On Property Y/NNo
Garage Spaces0.0
Garage Y/NNo
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Interior FeaturesBar
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031
Lot Size Square Feet10018.0
Lot Size UnitsSquareFeet
MLS Area334 - South End Palm Springs
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total5
Open Parking Spaces6.0
PossessionCloseOfEscrow
Property Attached Y/NNo
Property ConditionRepairsCosmetic
Property TypeResidentialIncome
Rent Control Y/NNo
Security FeaturesGatedCommunity
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Subdivision NameDemuth Park
Tenant PaysCableTv, Electricity, Gas
Total Actual Rent5960.0
ViewMountains
Waterfront Y/NNo
Year Built1966
Year Built SourceAssessor
Exterior for 547 Desert Way
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLevel
Lot Size Acres0.23
Lot Size Area10018.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned, Guest, SideBySide
Private PoolNo
SpaNo
Total Parking6.0
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$1,375,000
MLS#219126197DA
List Date
03/10/2025
Property Type
Multi-Family
Phone
(562) 537-4182
