REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Donnie Bowen

[email protected] +1(949) 290-9754

$ 3,895,000

Est. payment | -/mo

26 Beds

26 Baths

16,600 SqFt

Save

$ 3,895,000

Est. payment | -/mo

Save

26 Beds

26 Baths

16,600 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 16,600 sqft

Price per Sqft $234

MLS Listing ID 26669731PS

Bedrooms 26

HOA Y/N No

Year Built 1976

Lot Size 1.220 Acres

Property Description

A rare multifamily offering in one of Palm Springs' most sought-after locations, delivering 13 single-level units across three well-positioned structures. The unit mix is anchored by eleven oversized 2-bedroom, 2-bath residences averaging approximately 1,200 sq ft, complemented by two exceptional premium units spanning roughly 1,700 sq ft each featuring 2 bedrooms, 2 bathrooms, a den, expansive primary suites with oversized walk-in closets, and direct-entry 1-car garages with laundry hookups. Many units open onto a central pool/spa with tremendous mountain views and the rest open onto expansive central lawns. The asset has demonstrated consistent income growth, increasing from $265,440 in 2023 to $301,629 in 2025, with continued upward momentum into 2026. Current operations reflect elevated expenses of approximately 48%, presenting a clear and immediate opportunity to streamline to a more typical 35-40% range. Based on current averaged expenses and 2026 rent actuals the offering presents at an approximate 4.5% cap rate, with additional upside driven by both operational efficiencies and the underutilized premium unit mix. DO NOT ACCESS ANY PORTION OF THE PROPERTY WITHOUT LISTING AGENT PRESENT. DO NOT ENGAGE WITH TENANTS. 22 off-street parking spots and owned laundry facilities.

Location

State CA

County Riverside

Area 334 - South End Palm Springs

Zoning R2

Interior

Interior Features Ceiling Fan(s)

Heating Central

Cooling Central Air

Flooring Tile

Fireplaces Type Den, Kitchen, Living Room, Outside

Fireplace Yes

Appliance Dishwasher, Refrigerator

Laundry Common Area, Laundry Room

Exterior

Parking Features Uncovered

Garage Spaces 2.0

Garage Description 2.0

Pool Community, Association

Community Features Pool

Amenities Available Pool, Spa/Hot Tub

View Y/N Yes

View Mountain(s), Pool

Roof Type Foam

Porch Concrete

Total Parking Spaces 22

Private Pool No

Building

Lot Description Corners Marked, Landscaped

Faces West

Story 1

Entry Level One

Foundation Slab

Sewer Sewer Tap Paid

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 511052008

Special Listing Condition Standard

Lease Land No

CRMLS Full IDX Feed (MAIN Website Search)

Listed by James Gault Compass #01985784

NEARBY SCHOOL & BUSINESS

+1(949) 290-9754

[email protected]

22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA

GET MORE INFORMATION

1850 S Camino Real Palm Springs, CA 92264