William Landesman

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Listing provided courtesy of HomeSmart - MLS#219101745MLS Provider

521 S Desert WayPalm Springs, CA 92264

Multi-Family · 8 Beds · 3 Full Baths · 2 Partial Baths · 3,900 Sq. ft.

$1,897,999 Active

Overview

Time on Site:
41 days
Visits:
0

Welcome to The Desert Way Urban Retreat. Located on one of the most desirable streets in the Demuth Park neighborhood. Definite Location desirability. Owners have worked hard to create luxury amenities for the tenants. This property has been transformed over the past 2 decades complete with all copper plumbing, foam insulated roof, 5 Train Standard 4 ton HVAC systems,, Dual Pane windows and sliders throughout, salt water pool and spa, upgraded appliances throughout...too many amenities to state here....MUST BE SEEN ... This property is wide open for rental possibilities. The owners have transformed 2 units for their luxurious living but walls can be replaced to host a full 5 unit complex. Multi Family, Senior Living, long term or month to month residency , Family compound., light use commercial, Recovery Retreat and whatever your imagination can conceive. Each unit has a lovely outdoor patio, 2 bedrooms and 1 bath and spacious living . Income breakdown available upon pre approval financial statement prior to showing. All information to be verified by buyer or buyers agent and city of palm springs.

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Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,900
  • Price/Sq.ft. $486

General

Association/HOA
  • Association Amenities: Barbecue,Pet Rules
Listing Information
  • Dual Variable Compensation: false
Building Information
  • New Construction: false
  • Year Built: 1963
Location/Region
  • Country: US
  • County Or Parish: Riverside
  • MLS Area Major: 334 - Palm Springs South End
  • Subdivision Name: Demuth Park
  • Walk Score: 0
Rent/Lease Information
  • Tenant Pays: Move In Fee
General Information
  • Disclosures: Pet Restrictions
  • Exclusions: Sellers personal items.
  • Inclusions: Seller to provide Inventory list...itemized per unit..upon accepted offer.
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Senior Community: false
  • Special Listing Conditions: Standard

Interior

Beds/Baths
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 2
  • Bathrooms Total: 5
  • Bedrooms Total: 8
Building Interior
  • Building Area Total: 3900.0
General Information
  • Appliances: Dishwasher
  • Fireplace: false
  • Flooring: Ceramic Tile
  • Levels: Ground,Ground Level, No Unit Above
  • Living Area: 3900.0
  • Security Features: Gated Community,Resident Manager
  • Spa Features: Private,Gunite
  • Spa: true
  • Stories Total: 1

Exterior

Parking Information
  • Parking Features: Assigned,Side By Side,Total Uncovered/Assigned Spaces
  • Parking Total: 8.0
Lot Information
  • Lot Size Area: 10019.0
  • Lot Size Source: Assessor
Waterfront/View
    Building Exterior/Construction
    • Attached Garage: false
    • Roof: Foam
    General Information
    • Pool Features: In Ground,Private
    • Pool Private: true
    • Sewer: In, Connected and Paid
    • Utilities: TV Satellite Dish

    Neighborhood

    Palm Springs

    Nestled at the base of the San Jacinto Mountains, the beautiful desert resort city of Palm Springs is an international destination for outdoor sport enthusiasts, Mid-Century architecture admirers, and fans of the glamour of Golden Era Hollywood. Palm Springs is located approximately 110 miles southeast of Los Angeles and 140 miles northeast of San Diego, making it an ideal distance for Southern California residents to escape for a quick getaway weekend or the perfect locale for a second home.
    Learn More

    Community

    92264 (Palm Springs) Demographics
    59
    Median Age
    400
    Population Density (per sq. mile)
    51%
    College Educated
    $60,318
    Estimated Median Income
    7,506
    Estimated Total Home Owners
    3,772
    Estimated Total Renters
    67% / 33%
    Estimated Owner / Renter Divide
    2
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    Elementary Schools
    2
    Public
    Cahuilla Elementary
    • Grades: KG - 5
    • Enrollment: 483
    4
    Public
    Cielo Vista Charter
    • Grades: KG - 8
    • Enrollment: 869
    2
    Public
    Desert Learning Academy
    • Grades: KG - 12
    • Enrollment: 215
    Middle Schools
    4
    Public
    Cielo Vista Charter
    • Grades: KG - 8 /
    • Enrollment: 869
    2
    Public
    Desert Learning Academy
    • Grades: KG - 12 /
    • Enrollment: 215
    High Schools
    2
    Public
    Desert Learning Academy
    • Grades: KG - 12 /
    • Enrollment: 215
    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    Monthly Cost

    $
    $ %
    %
    $
    $
    * Assumes 7.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

    Market Data

    Based on the last 30 days in this zip code

    $1,106,116
    Median Sales Price
    $569
    Median Price per Square Foot
    139
    Properties Sold
    152
    New on Market
    62
    Average Days on Market
    488
    Properties for Sale
    Calculations provided by Reliance Network

    History

    Date Event Value Agent
    10/23/2023Source: California Desert MLS Added to Database
    October 23, 2023