Palm Springs, CA 92264 508 Desert View Drive
$825,000
30 more
Presented By: Kayla Toohey with Coldwell Banker Realty;
Year Built • 1960
Home Details
Exceptional opportunity to own a well-maintained 5-unit multifamily property in the heart of Palm Springs. This income-producing asset features updated systems, a private pool, and a strong rental history with all units currently on month-to-month leases--offering flexibility for future rent increases or repositioning. Each unit has been thoughtfully maintained, ensuring consistent occupancy and appeal. Ideal for investors seeking stable cash flow and long-term growth potential in a desirable location.
Presented By: Kayla Toohey with Coldwell Banker Realty;
Interior Features for 508 Desert View Drive
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringTile
Heating Y/NYes
Total Stories1
General for 508 Desert View Drive
Additional Parcels Y/NNo
AppliancesDishwasher, Refrigerator, WaterHeater
Attached Garage No
Cap Rate4.31
Carport Spaces0.0
Carport Y/NNo
CityPalm Springs
Community FeaturesPool
CountyRiverside
DirectionsHead West on Ramon Rd and turn left on to Desert View Dr
Electric Expense200.0
Electric On Property Y/NNo
Garage Spaces0.0
Garage Y/NNo
HOANo
HOA Fee$0.0
HeatingCentral
Home Warranty Y/NNo
Insurance Expense140.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan, Exchange1031
Lot Size Square Feet10018.0
Lot Size UnitsSquareFeet
MLS Area334 - South End Palm Springs
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total5
Open Parking Spaces5.0
Pool FeaturesCommunity, InGround
PossessionCloseOfEscrow
Property Attached Y/NNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NNo
Security FeaturesKeyCardEntry
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Subdivision NameDemuth Park
Tenant PaysCableTv, Electricity
Total Actual Rent5375.0
Trash Expense242.0
ViewMountains
Water Sewer Expense75.0
Waterfront Y/NNo
Year Built1960
Year Built SourceAssessor
Exterior for 508 Desert View Drive
Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot, Landscaped
Lot Size Acres0.23
Lot Size Area10018.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters2
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned
Pool Charge180.0
Private PoolYes
SpaNo
Total Parking5.0
Additional Details
Price History
Alexandra Eston
Sales Associate
