$ 3,895,000
-
$3,895,000
Price -
4
Bed -
4
Bath -
16,600
SqFt
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About the Listing CLW-8373 - CLW-51760
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.
Listing Highlights
Status
Active
Days on Site
7
Property Type
Multi-Family
MLS ®
26669731PS
Year Built
1976
Total Square Footage
16,600
Lot/Acreage
1.22
County
Riverside
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances: Dishwasher, Refrigerator
- Air Cond: Central Air
- Heating: Central
- Fireplaces: Den,Kitchen,Living Room,Outside
- Floor: Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Ceiling Fan(s)
- Water: Public
Exterior Details
- Lot Description: Corners Marked,Landscaped,No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 22
- Zoning: R2
- Roof: Foam
- Others: Stucco,2+ Total Units
- Sewer: Sewer Tap Paid
- Parking Features: Uncovered
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 511052008
- Tax Year: N/A
Payment Calculator
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Questions About..
1850 S Camino Real Palm Springs, CA 92264
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