Palm Springs, CA 92264 520 S Desert View Drive
$1,350,000
18 more
Presented By: William Melton with PAEZ REALTY COMPANY;
Beds • 10
Baths • 1
SQFT • 10,019
Year Built • 1963
Home Details
The Dots Apartments was completely renovated and is in excellent condition offering the new owner a turnkey, low-maintenance asset with immediate cash flow. The properties highly desirable unit mix consist of all two-bedroom one-bathroom units with private patios/backyards. Tenants enjoy open floor plans, large double-pane windows, and high-quality vinyl plank flooring. Each unit includes a stacked washer and dryer. Units are separately metered for electricity and gas. There are over 10% upside rents through annual rent increases.
The Dots Apartments displays a sought after, modern atmosphere and consists of one single story building constructed of wood frame, stucco exteriors, and concrete slab foundation atop of .23 acres of land. The exterior has been enhanced with new paint, new windows, new landscaping, new lighting, and new asphalt. Additionally, the prime location provides easy access to Palm Springs' renowned dining, entertainment, and cultural hotspots.
Presented By: William Melton with PAEZ REALTY COMPANY;
Interior Features for 520 S Desert View Drive
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesBath, Kitchen, PrimaryBedroom, Outside
Fireplace Y/NYes
Heating Y/NYes
Total Stories1
Other Rooms
Entry Level1
General for 520 S Desert View Drive
Additional Parcels Y/NNo
AppliancesDryer, Washer
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityPalm Springs
Community FeaturesCurbs, StreetLights, Urban, Pool
CoolingCentralAir
CountyRiverside
DirectionsOn Ramon Road, after passing El Cielo Road you turn right on Desert View Drive
Electric On Property Y/NNo
Entry LocationDesert View Drive
Garage Spaces0.0
Garage Y/NNo
Gross Income109860.0
HOANo
HeatingCentral
Home Warranty Y/NNo
Insurance Expense3800.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsConventional
Lot Size Square Feet10019.0
Lot Size UnitsSquareFeet
MLS Area334 - South End Palm Springs
MobileHomeRemainsYNNo
Net Operating Income70837.0
New ConstructionNo
Number Of Units Total5
Operating Expense36227.0
Pool FeaturesCommunity
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerUnknown
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Subdivision NameDemuth Park (33443)
Tax Lot2
Trash Expense600.0
Waterfront Y/NNo
Year Built1963
Year Built SourcePublicRecords
ZoningR2
Exterior for 520 S Desert View Drive
Building Area Total10019.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.23
Lot Size Area10019.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters5
Open Parking Y/NNo
Parking FeaturesAssigned
Private PoolNo
SpaNo
Total Parking0.0
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$1,350,000
MLS#CV25050079
List Date
03/06/2025
Property Type
Multi-Family
Phone
(562) 537-4182
