
Palm Springs, California 92264
This Value-Add Residential Property in Demuth Park is listed at $519,000, positioned above the $464,421 Fair Market Value. The primary financial driver is the rare 2.875% Assumable FHA Loan, offering significant long-term savings. With a Condition Rating of 4, the 1946 build features Granite Countertops, Flagstone Flooring, and Western Mountain Views on Fee-Simple Land. Proximity to Palm Springs High School and local amenities enhances rental appeal. This is a strategic acquisition for Value-Add Investors or Contractors looking to modernize a property with a flexible 4th Bedroom Loft.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3933 E Calle San Antonio Subject | $519,000* List Price | 4 | 2 | 1,433 | $324 | - |
A 4080 E Calle San Antonio Sold | $450,000 | 3 | 2 | 1,464 | $307 | 0.1 mi |
B 942 S Paseo Dorotea Sold | $558,500 | 3 | 2 | 1,200 | $465 | 0.2 mi |
C 3735 E Camino San Simeon Active | $649,000 List Price | 3 | 3 | 1,592 | $408 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1946, this property is functional and maintained but shows significant signs of age. While it features some past updates like granite countertops and flagstone flooring, the overall aesthetic, cabinetry, and fixtures are dated. The listing explicitly describes the home as 'ready to be reimagined,' suggesting that while it is livable, it requires modernization and potential system updates to meet current market standards.
The property features a rare 2.875% assumable FHA loan, providing a significant financial advantage and lower monthly payments in the current interest rate environment.
Situated on fee-simple land, this property allows for full ownership of the lot, avoiding the lease land complexities and costs common in many Palm Springs neighborhoods.
Located in the desirable Demuth Park area, the home offers stunning western mountain views and is minutes away from downtown Palm Springs, the airport, and local amenities.
Built in 1946 and described as 'ready to be reimagined,' the home likely requires significant updates or renovations to meet modern luxury standards.
While the lot has space for one, the absence of an existing pool is a notable drawback for the Palm Springs lifestyle and may require a large capital investment from the buyer.
Assumable FHA loan at 2.875% available, buyer to qualify and lender approval required. Set in South Palm Springs' desirable Demuth Park neighborhood, this home sits on fee-simple land (you own the land) and offers beautiful mountain views along with a generous lot ready to be reimagined, with plenty of space to add a pool and create your ideal outdoor retreat. Inside, the home features warm, inviting tones throughout and a welcoming living room anchored by a wood-burning fireplace, creating a comfortable space to gather and relax. The kitchen is finished with granite countertops, while flagstone flooring flows throughout the home, adding character and continuity to the living spaces. The three primary bedrooms offer ample storage, and a spacious full bathroom includes laundry hookups for added convenience. A fourth bedroom with a loft-style layout and attached bath provides flexible use for guests, a creative studio, or a private home office. The backyard is well suited for enjoying the desert lifestyle, featuring a covered patio and built-in BBQ area with beautiful western mountain views, creating an ideal setting for outdoor dining, entertaining, and sunset evenings. Ideally located just minutes from downtown Palm Springs, Palm Springs International Airport, and Cielo Vista Charter School, with abundant shopping, dining, and everyday amenities nearby. Short-term rentals may be permitted (buyer to verify local regulations and permit availability). This property offers both comfort and flexibility in one of the city's sought-after neighborhoods. Some photos may include virtual staging to show potential use of space. Furniture, decor, and other items depicted in staged images are digital enhancements and are not included with the property.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades K-5 • 2.0 mi
Grades 6-8 • 3.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 69% |
| Baths | 2.0 | 3.0 | 25% |
| Square foot | 1,433 | 2,266 | 12% |
| Lot Size | 6,534 | 10,019 | 25% |
| Price | $519.0K | $1.34M | 6% |
| Price per sq ft | $362 | $608 | 5% |
| Built year | 1946 | 1976 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 158 | 2% |
Mar 16, 2026
$519,000
Initial Listing
Oct 27, 1998
$85,000
Public Record