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547 Desert Way

Palm Springs, CA 92264
  • $1,375,000
  • STATUS: ACTIVE
  • ON SITE: 11 Days
  • ID#: 250021029
UPDATED: 104 min ago
$1,375,000
  • 4
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,052
    SQFT
  • $451
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1976
County:

School Ratings & Info

Description

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.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.coastalhomesbytiffany.com/homes/161294231
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547 Desert Way Palm Springs, CA 92264

  • Price: $1,375,000
  • Status: ACTIVE
  • On Site: 11 Days
  • Updated: 104 min ago
  • ID#: 250021029
4
Beds
4
Baths
0
½ Baths
N/A
Acres
3,052
SQFT
$451
$/SQFT
1976
Built
Neighborhood:
Demuth Park
County:
Riverside
Area:
Riv Cty-Palm Springs (92264)
Property Description
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.
Exterior Features

Exterior BlockBrick Fencing FullGate Parking Garage Desc Unit1 Assigned Parking Garage Desc Unit2 Assigned Parking Garage Desc Unit3 Assigned Parking Garage Desc Unit4 Assigned Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Unit4 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 5 View Mountains/Hills

Interior Features

Cooling Wall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Wall/Gravity Heat Source Other/Remarks Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Unit4 Laundry Hook Ups Common Units With Cooling 5 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 5 Units With Refrigerators 5 Units With Washers 0

Property Features

Actual Cap Rate 3.12 Age Restrictions N/K Annual Expense Actual 28608 Annual Expense Projected 28608 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Complex Features Gated Community Complex Park UK Cross Streets E Ramon RdDesert Way Gross Rent Multiplier Actual 19.0 Gross Rent Multiplier Project 13.5 Gross Scheduled Income Actual 71520 Gross Scheduled Income Project 101700 Mandatory Remarks None Known Monthly Total Fees 0 Net Operating Income Projected 73092 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 5.0 Projected Other Income 0.0 Sales Restrictions N/K Security Gated Community Short Sale No Tenant Pays Cable TVElectricityGas/Propane Terms CashConventionalExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Deposit 0 Unit1 Occupied Vacant Unit1 Projected Rent 1695.0 Unit1 Rent Actual 1400.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 1695.0 Unit2 Rent Actual 1020.0 Unit3 Deposit 0 Unit3 Occupied Tenant Unit3 Projected Rent 1695 Unit3 Rent Actual 1025.0 Unit4 Deposit 0 Unit4 Occupied Tenant Unit4 Projected Rent 1695 Unit4 Rent Actual 1115.0 Water Available

San Diego MLS logo Listing provided courtesy of Kyle Carruthers of KC West Real Estate: 949-547-8088. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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Tiffany Torgan | Prestige Properties Enterprises
7855 Ivanhoe Ave. Suite 210
La Jolla CA, 92037