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Jessamine Walker

jessamine@walkerpropertygroupca.com +1(949) 241-2927

$ 1,357,900

Est. payment | -/mo

10,018 Sqft Lot

Save

$ 1,357,900

Est. payment | -/mo

Save

10,018 Sqft Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Demuth Park

MLS Listing ID 219150331DA

HOA Y/N No

Year Built 1963

Lot Size 10,018 Sqft

Property Description

Rare Palm Springs Demuth Park 5-Unit investment and owner -user opportunity . Beautifully renovated property offering immediate rental income, resort style living and exceptional zoning flexibility. This Desert Urban Retreat presents a unique opportunity. . Set on one of the areas most sought after streets, this 5 unit apartment building blends immediate potential income with comfort and sophistication with owner occupied living if you choose. . Located within walking distance to the new College of the Desert and the newly renovated Demuth Park which features a $7.5 million dollar investment that includes 22 new pickleball courts, large and small dog parks and entrance to the new valley wide CV Link. Nearby Prescott Reserve also adds value to the area., Currently you have 3 long term residents that offer dependable cash flow.R2 zoning adds valuable flexibility beyond traditional long term tenants Potential uses may include senior living, recovery retreats, assisted living, multi -generational housing, sober living ..all subjected to Palm Springs City approval. This is a turn key property with seller inventory list . All items outlined here are subjected to buyer verification . Buyer to participate in a seller 1031 Exchange at no cost to the buyer.

Location

State CA

County Riverside

Area 334 - South End Palm Springs

Interior

Heating Forced Air

Cooling Central Air

Flooring Tile

Inclusions Seller inventory list

Fireplace No

Exterior

Parking Features Other

Pool In Ground

Community Features Gated

View Y/N Yes

View Mountain(s)

Total Parking Spaces 8

Private Pool Yes

Building

Lot Description Landscaped

Story 1

New Construction No

Others

Senior Community No

Tax ID 680033011

Security Features Gated Community

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Faith Messenger HomeSmart #01094022

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 241-2927

jessamine@walkerpropertygroupca.com

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521 Desert WAY Palm Springs, CA 92264