$1,375,000

547 Desert Way Palm Springs, CA 92264

Demuth Park Neighborhood

Estimated payment $8,998/month

Total Views 2,203
5 Beds
5 Baths
3,816 Sq Ft
$360 Price per Sq Ft

Highlights

  • Gated Community
  • Mountain View
  • Bar
  • Palm Springs High School Rated A-
  • Side by Side Parking
  • Living Room

About This Home

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.

Listing Agent

Kyle Carruthers

License #01959946

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1966

Lot Details

  • 10,018 Sq Ft Lot
  • Fenced
  • Level Lot

Interior Spaces

  • 3,816 Sq Ft Home
  • 1-Story Property
  • Bar
  • Living Room
  • Mountain Views
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Parking

  • 6 Car Parking Spaces
  • Side by Side Parking
  • Guest Parking
  • 6 Assigned Parking Spaces

Location

  • Ground Level

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 680033010

Community Details

Overview

  • 5 Units
  • Demuth Park Subdivision

Amenities

  • Laundry Facilities
  • Community Mailbox

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter

Security

  • Gated Community

Property Details

Home Type

Apartment

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Property Attached/Detached: No
  • Levels: Ground Level, No Unit Above, One
  • Price Per Unit: 27500.00
  • Entry Location: Ground Level - No Steps
  • List Price per Sq Ft: 360.32
  • View Type: Mountain(s)
  • Year Built: 1966
  • Internal Listing I D: 20250310144503890318000000
  • Listing I D: 219126197
  • Listing Member Address: PO BOX 566, Rancho Santa Fe, CA 92067
  • Listing Office Address: PO BOX 566, Rancho Santa Fe, CA 92067
  • List Office Board Code: California Desert Association of Realtors
  • Land Type: Fee
  • New Construction: No
  • Subdivision: Demuth Park
  • Special Features: None

Interior Features

  • Number of Ranges: 5
  • Flooring: Carpet, Laminate
  • Total Bedrooms: 5
  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Laundry Equipment: Lease
  • Laundry: Community, Laundry Area
  • Estimated Sq Ft: 3816.00

Exterior Features

  • View: Yes
  • Numberof Patios: 5
  • Paved: Yes

Garage/Parking

  • Parking: Assigned, Side By Side, Guest
  • Parking Info Total Parking Spaces: 6.00
  • Total Uncovered Assigned Spaces: 6.00

Utilities

  • Number Electric Meters: 5
  • Number Water Meters: 1
  • Cooling Type: Air Conditioning, Wall/Window Unit(s)
  • Heating: Wall Furnace
  • Security: Gated Community
  • Sewer: In, Connected and Paid
  • Number Gas Meter: 5
  • Water Heater: Yes
  • Laundry Type: Yes

Association/Amenities

  • Community Features: Community Mailbox
  • Gated Community: Yes

Lot Info

  • Assessor Parcel Number: 680033010
  • Lot Description: Fenced, Level
  • Lot Size: 10018.00

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Cable TV, Gas, Electricity
  • Land Lease Type: Fee Simple

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Number Of Refrigerators: 5
  • Total Units: 5

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2025 03/10/25 For Sale $1,375,000 -- $360 / Sq Ft
Source: California Desert Association of REALTORS®

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See All Homes in Palm Springs

Source: California Desert Association of REALTORS®

MLS Number: 219126197

California Desert Association of REALTORS®

APN: 680-033-010

California Riverside County Palm Springs 92264 Demuth Park

547 Desert Way, Palm Springs, CA

Homes for Sale in Palm Springs, CA

This home is located at 547 Desert Way, Palm Springs, CA 92264 and is currently priced at $1,375,000, approximately $360 per square foot. This property was built in 1966. 547 Desert Way is a home located in Riverside County with nearby schools including Cahuilla Elementary School, Raymond Cree Middle School, and Palm Springs High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Desert Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Kyle Carruthers
Listing Agent
Kyle Carruthers
Section Image
(442) 261-4687