Palm Springs CA Multi-Family Real Estate, Homes for Sale

We are pleased to present Sunset Palms Apartments, a well-maintained 24-unit apartment community located in Palm Springs, CA. The property offers an attractive unit mix consisting of spacious studios, one-bedroom, and two-bedroom units across three side-by-side individual parcels. Most units have been extensively upgraded with wood-look porcelain tile flooring, upgraded kitchens and bathrooms, stainless steel sinks, and new dual pane windows and sliding glass doors. Community amenities feature two sparkling swimming pools within gated courtyards, new ductless mini split air heating and air conditioning systems, and ample open parking. Sunset Palms offers an exceptional value-add investment opportunity with approximately 28% upside in rental income. The property is currently generating a 5.5% cap rate on in-place rents, with the potential to achieve an 8.2% cap rate as rents are brought to market, providing investors with a clear path to increased cash flow and long-term appreciation.

1433 North Indian Canyon Drive, Palm Springs

$1,357,900

8 Beds ⋅ 5 Baths ⋅ 219150331 MLS

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 .

521 Desert Way, Palm Springs

$999,500

3 Beds ⋅ 2 Baths ⋅ 219150250 MLS

**Short Term Vacation Rental Opportunity, Turnkey Furnished Resort Style Vacation Home ** Welcome to your Private Palm Springs Tropical Resort! This Turnkey Furnished 3-bed, 2-bath home in the historic Racquet Club neighborhood offers the perfect blend of privacy and resort-style living. With over 1,800 sq. ft., this stunning residence features an indoor movie theater with stadium seating, ideal for ultimate entertainment. Step outside to your backyard oasis, complete with an expansive private pool, Tiki Palapa bar, fire pit, and breathtaking Mountain Views. The chef's kitchen boasts granite countertops, an island, stainless steel appliances, and a double-door fridge. The primary suite offers direct pool access--perfect for a late-night swim under the stars. Additional highlights include an interior laundry room, attached 2-car garage, and front courtyard patio. Whether you're seeking a full-time residence, vacation escape, or an investment property, this home is STVR/seasonal rental-ready for immediate income potential. Enjoy proximity to shopping, dining, downtown Palm Springs, and easy I-10 access. Your desert paradise awaits! Property is also available for Long Term Rental.

502 E Molino Road, Palm Springs

$679,000

00-23324647 MLS

DUPLEX in Warm Sands and a quick 3-minute drive to downtown Palm Springs. Two 1-bedroom/1 bathroom bungalows with separate entrances, each with its own in-unit washer/dryer, NO HOA & YOU OWN THE LAND. Live in one unit, rent the other: perfect for first time homebuyers and also anyone wanting to offset a mortgage with rental income. Also can apply to the City of Palm Springs for a short term license IF the owner occupies one of the units (& if there are licenses available in that neighborhood. Buyer & Buyer's agent responsible for verifying this with the City of Palm Springs). The entire property is surrounded by fences and landscaping for privacy, including two gated, off street, side-by-side parking spots, large cement deck and SALT WATER POOL. Buyer and buyer's agent are responsible for their own due diligence to determine the property's current condition, market rent, income projections and permits necessary for any desired improvements.

536 East Calle Roca, Palm Springs

$1,750,000

CV-26129354 MLS

We are pleased to present Sahara Road Apartments, a 10-unit multifamily investment opportunity located at 2200 E Sahara Road in the desirable Desert Park Estates neighborhood of Palm Springs, California. Situated on an expansive ±0.57-acre lot, the property offers investors the opportunity to acquire a stabilized, pride-of-ownership asset in one of the Coachella Valley's most established and desirable rental markets. Sahara Road Apartments consists of (4) one-bedroom / one-bathroom units and (6) studio units and is 100% occupied. The community features desirable single-story construction, attractive open floor plans, and well-maintained interiors that have been updated throughout the years of ownership. This true pride-of-ownership asset offers investors a stabilized investment opportunity with strong occupancy and an attractive resident environment. Residents enjoy a highly amenitized living environment featuring a swimming pool, gated dog park area, lush landscaped grounds, and an on-site laundry facility. Additionally, seven units feature private grass yards and three units feature private patios, further enhancing tenant appeal. The property is individually metered for electricity, while ownership currently pays water, sewer, trash, and gas. Additional operational features include two water heaters and a variety of electric cooling systems throughout the property, including central air conditioning, mini-split systems, and wall-mounted A/C units. Ideally located near Downtown Palm Springs, Palm Springs International Airport, major retail corridors, restaurants, and entertainment destinations, Sahara Road Apartments presents investors with the opportunity to acquire a well-maintained multifamily asset offering strong in-place occupancy, desirable amenities, and long-term investment potential within a highly sought-after Palm Springs location.

2200 East Sahara Road, Palm Springs

$850,000

4 Beds ⋅ 2 Baths ⋅ 219148422 MLS

Exceptional duplex opportunity in the desirable community of Warm Sands in Palm Springs! Located at 1372 E Camino Primrose, this well-positioned property offers strong income potential and flexible living options. Each unit features a private entrance, comfortable living spaces, abundant natural light, and dedicated outdoor areas ideal for enjoying the desert lifestyle. Perfect for investors seeking rental income, seasonal leasing, or owner-occupants looking to live in one unit while renting the other. The property offers off-street parking, low-maintenance desert landscaping, and is conveniently located near shopping, dining, golf, and the vibrant downtown scene. An outstanding opportunity to own a duplex in one of Southern California's most sought-after resort communities.

1372 E Camino Primrose, Palm Springs

$1,090,000

SW-26104056 MLS

Breathtakingly beautiful triplex in the Warm Sands area of Palm Springs. This is truly a trophy property and it doesn't get any better than this! Has three 1 bedrooms, 1 baths, including the master suite that has the private pool and spa generates $2,750 monthly! Upgraded kitchens including appliances, flooring, and cabinetry throughout! Walking distance to downtown Palm Springs of FEE land! Fabulous views of the mountains! Courtyard with firepit. Newer air conditioning plumbing and pool heater. Each unit has its own private patio. An must see! Check out the pictures!!! This is elite living at its best!!!

610 South Calle Palo Fierro, Palm Springs

$1,590,000

OC-26086784 MLS

A stunning high-quality triplex in North Palm Springs, showcasing timeless Spanish architecture. Fully leased residential income property offering immediate, stable cash flow from day one! Each unit features spacious open floor plans, high ceilings, and upscale finishes throughout. The downstairs unit has a huge private yard and the upstairs units have oversized balconies with beautiful mountain views. Each unit comes with 2 parking spaces, one garage plus one assigned parking. The property features sparkling on-site pool and spa, a highly desirable amenity that enhances tenant satisfaction and long-term rental appeal. Enjoy breathtaking mountain views, creating a serene desert retreat that blends style, comfort, and attractive lifestyle features! This home offers the perfect balance of tranquility and accessibility, situated just minutes from the vibrant heart of downtown Palm Springs.

3760 El Dorado Boulevard, Palm Springs

$1,590,000

6 Beds ⋅ 6 Baths ⋅ OC-26086763 MLS

A stunning high-quality triplex in North Palm Springs, showcasing timeless Spanish architecture. Fully leased residential income property offering immediate, stable cash flow from day one! Each unit features spacious open floor plans, high ceilings, and upscale finishes throughout. The downstairs unit has a huge private yard and the upstairs units have oversized balconies with beautiful mountain views. Each unit comes with 2 parking space, one garage plus one assigned parking. The property features sparkling on-site pool and spa, a highly desirable amenity that enhances tenant satisfaction and long-term rental appeal. Enjoy breathtaking mountain views, creating a serene desert retreat that blends style, comfort, and attractive lifestyle features! This home offers the perfect balance of tranquility and accessibility, situated just minutes from the vibrant heart of downtown Palm Springs.

3760 El Dorado Boulevard, Palm Springs

$930,000

10 Beds ⋅ 5 Baths ⋅ 219146767 MLS

Exceptional investment opportunity in the heart of Palm Springs. This well-maintained five-unit multifamily property features spacious 2-bedroom, 1-bath residences, each thoughtfully updated with mini-split systems and in-unit laundry. Recent improvements include a new roof, new fencing, and an upgraded brick driveway, offering both curb appeal and long-term value. Fully leased and centrally located, this property provides immediate, stable income in one of the desert's most desirable rental markets.

3940 E Calle De Ricardo, Palm Springs

$5,995,000

CV-26071280 MLS

We are proud to present an exceptional opportunity to acquire Deepwell Apartments, a superbly maintained 30+1 unit multifamily community located at 1680 E Palm Canyon Drive in Palm Springs, CA. This investment offers an attractive 6.59% current Cap Rate and a 6.07% Cash-on-Cash return, with the property yielding $705,600 annually. The ±20,296 SF building stands on a generous ±40,946 SF lot in the prestigious Deepwell Estates, a neighborhood celebrated for its historic mid-century modern architecture and high-end residential appeal. The asset features a diverse unit mix of studios, 1B/1B, 2B/1B, and a premier 3B/2B unit, perfectly catering to the desert’s sophisticated renter demographic. The asset has undergone substantial recent renovations, positioning it as a “turn-key” luxury investment with a sophisticated aesthetic. All units feature high-end finishes, including woodgrain-look ceramic tile flooring, designer tile in kitchens and bathrooms, and stainless steel appliances. Ownership has taken a proactive approach to capital preservation, recently replacing air conditioning units and upgrading the gated exterior to ensure tenant privacy and security. These comprehensive interior and exterior improvements significantly reduce near-term CAPEX requirements, allowing a new owner to focus on yield-driven operations. Furthermore, the property offers a curated “resort-style” living experience characterized by a crystal-clear pool, contemporary desert landscaping, and unobstructed mountain views. Deepwell Apartments is strategically positioned in a submarket showing robust signs of population and rental growth. Located along the historic Palm Canyon Drive corridor, the property offers an enviable “walk score” with proximity to the Smoke Tree Shopping Center, world-class hiking trails, and the high-end boutiques and restaurants of downtown Palm Springs. With immediate access to State Route 111, the property provides seamless connectivity to the broader Coachella Valley’s primary tourism and employment hubs. Deepwell Apartments is an excellent income-producing asset in the Inland Empire and a long-term investment opportunity. All units have been remodeled with resort-like amenities, making this a perfect asset for any investor seeking a strong risk-adjusted return. The property offers unparalleled stability for any type of investor, whether it be a first-time purchaser, a seasoned institutional investor, or those seeking a high-quality 1031 Exchange asset.

1680 East Palm Canyon, Palm Springs

$1,585,000

8 Beds ⋅ 6 Baths ⋅ 219145441 MLS

Extraordinary Dual-Residence Estate Resort Pool & Panoramic Mountain Views A rare find in Palm Springs, this private compound spans a massive .38-acre corner lot and features two fully independent, beautifully remodeled residences. Located moments from Demuth Park and premier golf courses, this property is designed for those seeking a multi-generational legacy home or a high-performing investment. Property Highlights Unique Privacy: Situated on a 16,600 sq. ft. parcel elevated 12 feet above neighboring homes, offering unmatched 180° mountain views and total seclusion. Dual Independence: Each residence features its own private driveway accessed from separate streets, ensuring seamless privacy for guests or tenants. Spacious Layout: A combined 8 bedrooms and 6 bathrooms across two distinct homes on fee land (you own the land). Modern Infrastructure: Recently upgraded with new roofs, an owned solar system, and solar-powered gates. The Desert Lifestyle At the center of the estate lies an oversized resort-style pool, serving as a private oasis for sophisticated entertaining. The expansive secondary yard offers a blank canvas for additional amenities, such as a private pickleball court, a second pool, or a custom outdoor kitchen. Prime Location & Potential Outdoor Recreation: Walking distance to Demuth Park (pickleball, tennis, and trails), the CV Link, and world-class golf. Proven Revenue: Previously operated as a successful luxury rental generating $10,000+ per month. Turnkey Option: The estate may be offered fully furnished for an effortless transition. Whether you choose to reside in one home while leasing the other or utilize the entire compound as a private desert retreat, this estate represents a versatile and prestigious opportunity. Private showings available by appointment.

821 S Avenida Evelita, Palm Springs

$3,895,000

PS-26669731 MLS

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.

1850 South Camino Real, Palm Springs

$259,000

2 Beds ⋅ 2 Baths ⋅ 219144285 MLS

ATTENTION INVESTORS! Here's your chance to own an affordable income-producing property under $260,000 in beautiful sunny Palm Springs, CA. With an estimated 6% annual ROI, this beautifully updated manufactured home sits on owned land with a low HOA fee around $330/month (paid by Landlord) and is currently leased at $2,050/month with a long term Tenant who pays all utilities. Large floor plan Featuring 2 bedrooms and 2 bathrooms offers comfortable living and the property was completely remodeled over 4 years ago (PICTURES SHOWN ARE FROM BEFORE TENANTS MOVED IN). Located in a prime central location with quick access stores, shops, and restaurants. El Dorado Palm Estates is a 55+ community located just minutes from Target, Walmart, Home Depot, and more. Residents enjoy full access to two swimming pools and a spa, saunas, tennis courts, a newly renovated gym, a game room, a library and many other amenities. Residents can participate in activities, such as Bridge, Poker, other card games. The spacious clubhouse contains a commercial kitchen which is frequently put to use when catering various park-sponsored social activities that are held throughout the year. Best of all, ownership is not restricted by age--investors of all ages are welcome. Don't miss out--submit your offer before this opportunity is gone!

147 Sage Drive, Palm Springs

$1,275,000

CV-26045872 MLS

Baristo Apartments is a 7-unit multifamily investment property located at 1900 E Baristo Road in Palm Springs, California. Situated on a corner lot at the intersection of Baristo Road and S. Saturmino Drive, the property is located within the desirable Sunrise Park submarket of Palm Springs. Built in 1970, the property consists of approximately 5,231 square feet of rentable building area situated on a 11,761 square foot R-2 zoned lot. The unit mix includes one studio, five one-bedroom / one-bathroom units, and one three-bedroom / two-and-a-half-bathroom unit. The property offers 7 open parking spaces, a community pool and a shared laundry room. Units 1 and 6 feature individual in-unit washer and dryer hookups. The property benefits from its proximity to Palm Springs High School, the public library, downtown Palm Springs retail and Dining, and Palm Springs International Airport. The surrounding area is characterized by established residential neighborhoods, strong year-round rental demand, and Palm Springs’ continued appeal as a resort destination and short-term rental market (subject to local regulations). The corner lot positioning provides added visibility, access, and overall curb appeal. 1900 E Baristo Road presents investors with the opportunity to acquire a well-located, income-producing asset within one of Southern California’s most established resort markets. Please do not Disturb Tenants, Walk and/or Talk to Anyone at the Property. For Further Information, Please Contact the Listing Agents.

1900 East Baristo Road, Palm Springs

$1,175,000

14 Beds ⋅ 14 Baths ⋅ 219143913 MLS

Well-maintained 7-unit mid-century property in the heart of Palm Springs. Each unit offers 2 bedrooms and 1.5 baths, private patios, and off-street parking. A central courtyard pool offers mountain views and a classic Palm Springs vibe. All units have individual rooftop HVAC package units (tenants pay their own heating and cooling costs.) On-site coin-op laundry and a total of 9 parking spaces. Six of the seven units have been updated while preserving original period details like jalousie windows. Minutes from downtown shops, the weekend Farmer's Market, and the upcoming College of the Desert campus (opening 2027). Owner's unit to be delivered vacant. Monthly income (1 unit @pro-forma of $1700) is approximately $10,305 monthly, $123,660 annually. Seller is a licensed Realtor. Buyer to participate in seller's 1031 Exchange at no expense to buyer. Easy to show owner's unit with short notice.

1777 E Arenas Road, Palm Springs

$980,000

IG-26024498 MLS

Welcome to this exceptional income-producing quadraplex nestled in one of Palm Springs most desirable neighborhoods! This smartly configured multi-family property offers savvy investors an outstanding opportunity to generate reliable rental income while enjoying the desert lifestyle. Spanning nearly 2,500 square feet, this thoughtfully designed building features four distinct units that cater to a variety of tenant needs. You will find a spacious 2-bed, 1-bathroom unit perfect for small families or roommates, two comfortable 1-bedroom, 1-bathroom and 1-Extra-large studio that maximizes every square inch of living space. With five bedrooms and four bathrooms in total, this property delivers impressive versatility and strong rental potential. The location truly shines here. Parking considerations have been thoughtfully addressed with assigned parking for each unit. Residents enjoy the convenience of nearby public transit options, making car-free living entirely feasible. The neighborhood exudes that perfect blend of accessibility and tranquility. Whether you are expanding your investment portfolio or stepping into the world of multi-family ownership for the first time, this quadraplex checks all the boxes. Schedule your private showing today and discover why this property represents such a compelling opportunity in the heart of the desert! Ideal for 1031 Exchange.

583 South Calle Abronia, Palm Springs

$1,350,000

5 Beds ⋅ 8 Baths ⋅ 219142445 MLS

Prime mixed-use opportunity in the heart of Palm Springs. Located on highly trafficked North Palm Canyon Drive, 1059-1063 N Palm Canyon features five apartment units and three small commercial units, all 100% vacant and ready for immediate occupancy. The property offers exceptional upside for an owner/user or investor seeking to reposition and add value. Surrounded by a vibrant and well-established retail corridor, this prime location benefits from strong foot traffic, excellent visibility, and proximity to downtown Palm Springs' shops, dining, and entertainment. The commercial spaces are ideal for retail, office, or service uses, while the residential units provide additional income potential once renovated. The property needs some TLC, presenting a rare opportunity to customize and revitalize a mixed-use asset in one of Palm Springs' most desirable corridors. Endless possibilities for redevelopment, re-tenanting, and long-term hold in a premier location.

1059 N Palm Canyon Drive, Palm Springs

$899,000

00-26642729 MLS

Located in the highly desirable Warm Sands neighborhood, this beautifully maintained triplex is just minutes from everything Palm Springs has to offer, including hiking trails, restaurants, shopping, and entertainment. Unit Three, currently used as the owner's unit and a short-term rental, has been thoughtfully remodeled with exceptional attention to detail. The kitchen features custom cabinetry, designer backsplash, premium finishes, and updated appliances. The stunning, designer-curated bathroom offers a walk-in shower with built-in seating, product niches, custom cabinetry, and stylish tile and finishes. Unit Two features a spacious, open-concept living area and is move-in ready. Highlights include newer vinyl flooring, a kitchen with granite countertops and stainless steel appliances, generously sized bedrooms, and a convenient Jack-and-Jill bathroom. Unit One (tenant-occupied) showcases wood flooring and an updated, light-filled kitchen complete with stainless steel appliances, custom cabinetry, countertops, and backsplash. The property also offers a large shared outdoor community area, perfect for lounging, dining, and relaxing by the pool while enjoying the splendor of Palm Springs living. Some furnishings in Unit 3 per inventory list available for purchase outside of escrow. Unit #1 & #3 currently occupied. See website for floor-plans & 3D Matterport.

502 South Calle Santa Rosa, Palm Springs

$649,000

PS-26636641 MLS

Stylish South Palm Springs Duplex with Flexible Living Spaces. Welcome to 111 Canyon Rock Road, a gem nestled in the heart of South Palm Springs offering versatility and charm. This 2,096-square-foot duplex provides an ideal setup for both homeowners and investors. On one side, you'll find a spacious three-bedroom, two-bath layout that includes a welcoming living room, an inviting dining area and a private pool and spa for those sunny desert days. This main unit is perfect for comfortable full-time living or as your Palm Springs getaway. On the other side, a charming one-bedroom, one-bath unit offers a wonderful opportunity for rental income, guest accommodation, or even a private home office. Both units come with covered outdoor parking, ensuring convenience for you and your guests. Set in a prime South Palm Springs location, this duplex is truly a fantastic find at a great price. As a bonus, consider the rental potential: the one-bedroom, one-bath unit was previously rented at $1,400 per month. Imagine the possibilities: rent out the smaller unit for steady income, lease the main three-bedroom side, or even rent out both units. This duplex truly offers flexible living and investment opportunities all in one prime location.

111 Canyon Rock Road, Palm Springs

$995,000

PS-25619893 MLS

Centrally located in the Warm Sands neighborhood of Palm Springs, this duplex sits on a corner lot with direct mountain views. The western unit features two bedrooms and two bathrooms, and the eastern unit includes one bedroom, one bathroom, and an additional office. Renovated in 2019, the property includes updated kitchens, appliances, fixtures, Corian countertops, and KitchenAid cabinetry in the two-bedroom unit. Both units have double-pane windows and sliding doors, separate HVAC systems, newer water heaters, and shared washer and dryer. The roof was replaced in 2024.Both units are tenant-occupied, and leases will transfer to the new owner. The two-bedroom unit is on a five-year lease, and the one-bedroom unit is month-to-month. Each unit has a private entrance and private driveway. This property offers the flexibility to maintain both units as rentals or live in one side while leasing the other.Residents have access to nearby dining, cafs, bakeries, hiking, the Agua Caliente Spa & Casino, and Downtown Palm Springs. The property is Fee Simple, zoned for commercial use, and has no HOA

594 South Calle Encilia, Palm Springs

$1,200,000

5 Beds ⋅ 5 Baths ⋅ 219138230 MLS

NEW LOWERED PRICE!!! Welcome to 525 S Thornhill Rd, an exceptional five-residence multifamily offering nestled in the timeless allure of Palm Springs. This boutique investment property blends stable income performance with remarkable long-term upside, making it a rare opportunity in one of Southern California's most sought-after destinations. Currently 80% occupied, minus the owner's unit (#4) which will generate an additional $2100 per month. At full occupancy the property will obtain a projected stabilized income of approximately $108,000—positioning it as both a reliable asset and a premium value-add candidate. Pro forma annual income would be $121,200 at market rents. Along with annual expenses of approximately $32,266.50 this provides a potential $88,933.50 annual net income (6.71% cap rate). There are 6 electric and gas meters., one for the common utilities and each residence has their individual meter. Each unit comprises of approximately 650 sq ft. with a layout of 1 bedroom and 1 bath with private courtyards and 1 assigned parking spot. The property offers a dedicated laundry room along with a common area pool and spa. The property offers comfort, livability, and the charm expected in a desert retreat, attracting quality tenants and sustaining consistent demand. Set against Palm Springs' stunning mountain backdrop, the property sits minutes from world-class golf, boutique shopping, acclaimed dining, and the vibrant downtown scene. Its strategic location and boutique scale make it ideal for investors seeking a high-quality, low-maintenance asset in a premier rental market. Refined, income-producing, and poised for appreciation, 525 S Thornhill Rd is a standout addition to any luxury investment portfolio. Owners' unit available for viewing by appointment only. Call 760-574-2299 to schedule.

525 S Thornhill Road, Palm Springs

$3,186,000

OC-25251506 MLS

509 & 561 South Highland Drive is a 2-property, 21-unit multifamily investment portfolio located in Palm Springs, CA. Situated on two neighboring parcels encompassing a combined 0.93 acres, 509 & 561 South Highland Drive offer a mix of studio, one, and two-bedroom floor plans. The majority of the units feature one bedroom, along with 2, studio units and 3, two-bedroom units - ideally suited for singles, couples, and retirees seeking well-located housing. The properties feature attractive amenities including secure keypad entry, private patios, swimming pools, ample surface parking, and on-site laundry facilities. Additionally, the properties feature exclusively single-story construction, a highly desirable characteristic to prospective renters. Furthermore, 509 & 561 South Highland Drive have recently undergone significant capital improvements including new plumbing, electrical, plaster, and tile as well as updated building systems including roofing, solar panels, and more. 509 & 561 South Highland Drive are situated in an optimal Palm Springs location, just moments away from shops and restaurants at El Cielo Center and The Springs. The properties are within a 0.85-mile radius of Demuth Park and Sunrise Park, two sprawling community centers granting residents convenient access to a plethora of outdoor activities. Additionally, the properties benefit from their close proximity to Palm Springs International Airport, a major employment and economic driver for the area, with tourism being a significant part of the local economy. Furthermore, Ramon Road, situated just to the north of the properties, provides easy access to Downtown Palm Springs, the heart of the city featuring a plethora of unique shops, restaurants, and entertainment options. 509 & 561 South Highland Drive’s desirable single-story construction and upgraded facilities are primary draws for potential renters. The overall demand for well-maintained and amenitized rental units will be a key driver in the continued growth and success at the properties.

509 South Highland Drive, Palm Springs

$1,100,000

PS-25590487 MLS

A great opportunity for the renovation, re-development or land of the former Kiddie Kollege location in central Palm Springs. This is a corner lot, just under 1/2 acre and zoned R-2. The existing building measures 3,721 SF and contains classrooms, bathrooms and a residential unit. Fantastic mountain views from the enclosed courtyard and plenty of parking.

490 South Compadre Road, Palm Springs

$700,000

00-22163461 MLS

Indian Canyon machine shop/manufacturing/auto repair facility available. This Palm Springs North End location is teeming with new construction. Commercial, retail, and residential projects are coming online all around this location now. The CM zoning allows a variety of uses (Buyer to perform due diligence regarding allowable uses with City of Palm Springs) Prime Indian Canyon frontage with vehicle access points from Oasis, the alleyway and Indian Canyon. 18,000 plus sq ft lot with large wood frame/stucco main building and smaller red iron outbuilding with office and restroom. There is also a large covered outdoor work area between the two buildings. The current tenant is a machine shop/auto parts manufacturer and may be willing to stay on with new ownership. The property has long been a machine shop, (some equipment and tools may be available) Seller financing with very strong down payment is possible. Call your agent or contact listing agent for more info.

3521 North INDIAN CANYON Drive, Palm Springs

$7,500,000

IV-25172556 MLS

The Twin Palms Villas lot totals at 2.34 acres and consisting of 5 buildings and multiple parking lots. The property is located at 495 E Twin Palms Drive, Palm Springs, CA, and is conveniently located a short distance from the Downtown Palm Springs, the Historic Tennis Club, the Palm Springs Art Museum, the Palm Springs International Airport & many major regional employers. This 51 unit apartment community is composed of (41) One bedroom / One bathroom units and (10) Two bedroom /One bathroom units. The current ownership’s emphasis has been on quality updates which include capital improvements exceeding $300,000 within the last year. Some of these improvements include parking lot re-done, floor replacement, window replacement, HVAC replacement, rehab expenses, landscaping expenses, plumbing replacement, and numerous other quality updates

495 East Twin Palms Drive, Palm Springs

$743,250

IG-25160389 MLS

Welcome to Calle Santa Rosa! The Income-Producing Duplex you have been waiting for! Located in the HEART of downtown Palm Springs! This beautifully remodeled CORNER property offers 2 very upgraded units Offering 2-bedroom, 1-bath EACH, making it ideal for investors, multigenerational living, or homeowners seeking to offset their mortgage with rental income. This charming residence has been modernized with high-end finishes throughout while preserving its original character and curb appeal. Each unit features updated kitchens with contemporary finishes, remodeled bathrooms, new flooring, updated lighting, and private entrances—providing comfort, functionality, and privacy for both residents. With a combined nearly 2,000 sqft of living space, the layout is perfect for maximizing rental potential. Enjoy peace of mind with major system upgrades already completed: new EBS panels, newer drains, newer copper plumbing, newer electrical, and a newer central AC unit. The only shared utility is water. Additional highlights include a carport parking for one of the units, both units offer PRIVATE gated driveway each entrance is on different streets to give unit more privacy, and low-maintenance outdoor areas. The property is conveniently located walking distance to DOWNTOWN PALM SPRINGS, near shopping centers, dining, schools, and major freeways—making it highly desirable for tenants and commuters alike. Whether you're looking for a turnkey investment, a home with additional rental income, or a dual-living solution, this duplex-style property offers strong income potential in a central location. AIRBNB WILL BE AN OUTSTANDING SOURCE OF INCOME WITH THIS PROPERTY!

595 South Calle Santa Rosa, Palm Springs

$1,700,000

OC-25155870 MLS

579 South Highland Drive is a 10-unit multifamily investment property located in Palm Springs, CA. 579 South Highland is available in conjunction with 509 & 561 South Highland Drive, a 2-property, 21-unit multifamily portfolio. Situated on a spacious parcel measuring 0.47 acres, 579 South Highland Drive offers a mix of studio, one, and two-bedroom floor plans. The majority of the units feature one bedroom, along with 1, studio unit and 2, two-bedroom units - ideally suited for singles, couples, and retirees seeking well-located housing. The property features attractive amenities including secure keypad entry, private patios, a swimming pool, & ample surface parking. Additionally, the property features exclusively single-story construction, a highly desirable characteristic to prospective renters. Furthermore, 579 South Highland Drive has recently undergone significant capital improvements including new plumbing, electrical, plaster, and tile as well as updated building systems including roofing, solar panels, and more. 579 South Highland Drive is situated in an optimal Palm Springs location, just moments away from shops and restaurants at El Cielo Center and The Springs. The property is within a 0.85-mile radius of Demuth Park and Sunrise Park, two sprawling community centers granting residents convenient access to a plethora of outdoor activities. Additionally, the property benefits from its close proximity to Palm Springs International Airport, a major employment and economic driver for the area, with tourism being a significant part of the local economy. Furthermore, Ramon Road, situated just to the north of the property, provides easy access to Downtown Palm Springs, the heart of the city featuring a plethora of unique shops, restaurants, and entertainment options. 579 South Highland Drive’s desirable single-story construction and upgraded facilities are primary draws for potential renters. The overall demand for well-maintained and amenitized rental units will be a key driver in the continued growth and success at the property.

579 South Highland Drive, Palm Springs

$775,000

6 Beds ⋅ 5 Baths ⋅ 219128814 MLS

Exceptional opportunity to own a well-maintained 5-unit multifamily property in the heart of Palm Springs. This income-producing asset features updated systems, a private pool, and a strong rental history with all units currently on month-to-month leases—offering flexibility for future rent increases or repositioning. Each unit has been thoughtfully maintained, ensuring consistent occupancy and appeal. Ideal for investors seeking stable cash flow and long-term growth potential in a desirable location.

508 Desert View Drive, Palm Springs

$750,000

PS-25517761 MLS

Price adjustment! Unique opportunity to acquire this cozy, quiet, income producing 4 plex consisting of 4 studio apartments. Conveniently located in Central Palm Springs on N. Indian Canyon. There is private, gated parking for tenants. Fully rented with long term tenants. Some units have outdoor patio space. Most units have been updated. Great potential for income day one. All leases will be transferred to buyers/new owners.

1315 North Indian Canyon Drive, Palm Springs

$1,300,000

CV-25050079 MLS

Seller Financing Available! The Dots Apartments was completely renovated and is in excellent condition offering the new owner a turnkey, low-maintenance asset with immediate cash flow. The properties highly desirable unit mix consist of all two-bedroom one-bathroom units with private patios/backyards. Tenants enjoy open floor plans, large double-pane windows, and high-quality vinyl plank flooring. Each unit includes a stacked washer and dryer. Units are separately metered for electricity and gas. There are over 10% upside rents through annual rent increases. The Dots Apartments displays a sought after, modern atmosphere and consists of one single story building constructed of wood frame, stucco exteriors, and concrete slab foundation atop of .23 acres of land. The exterior has been enhanced with new paint, new windows, new landscaping, new lighting, and new asphalt. Additionally, the prime location provides easy access to Palm Springs' renowned dining, entertainment, and cultural hotspots.

520 South Desert View Drive, Palm Springs

$1,425,000

6 Beds ⋅ 6 Baths ⋅ 219124410 MLS

584 and 590 S. Calle Palo Fierro. This is two separate parcels side by side and list price is for both. Each has a triplex for a total of six units. Must be purchased together. Can be financed with traditional financing because of two parcels vs one. Owner MAY carry a first trust deed. Well kept units with two units recently renovated. The rest are in great condition. Excellent corner lot in Warm Sands.

584-590 S Calle Palo Fierro, Palm Springs

$1,575,000

10 Beds ⋅ 10 Baths ⋅ 219122100 MLS

This beautiful 1990's Spanish apartment building features 5 units, all 2-2. Two units are free standing. The building has 100% occupancy with high demand for rental units in this highly desirable area -Palm Springs neighborhood (Sunrise Park) just a short walk to the new College of the Desert, the Cultural Center (Camelot Theatre), restaurants including John Henry's, Ralphs, CVS, Eisenhower Urgent Care, and much more. The owners 'pride of ownership' shows by his remodeling and upgrading of every unit over the last several years, including granite counter tops in all kitchens, stainless steel appliances including refrigerators and built in microwaves, matching granite counters in all bathrooms. The buildings 1990's construction means lower maintenance costs for the owner and desirable features for tenants with dual pane windows, good insulation, 2 off-street parking places per unit, private patios and on-site laundry.

1945 E E. Calle Lileta, Palm Springs

$687,000

00-24461661 MLS

Fantastic opportunity to own a charming Spanish style Warm Sands triplex with pool. This property is walled and private with amazing western mountain views. Property is currently configured as: Unit 1 = studio/one bath, Unit 2 = one bed/two baths, and Unit 3 = one bed/one bath. Former Adobe Hotel. The south end location, proximity to downtown, shopping and restaurants on land you own makes this one a winner. Interior photos are of Unit 3.

580 South Calle Palo Fierro, Palm Springs

$460,000

SW-24221815 MLS

This "Prime Investment Opportunity!" Newer of exterior paint, giving it a modern and welcoming curb appeal. Fully Occupied Multi-Unit Property located in Palm Springs! This income-producing property consists of 2 -2 bedroom/1 bath units with separate living room and kitchens. Step inside to discover the newly updated bathroom, adding a touch of contemporary elegance to this already delightful space. Laundry hook ups are available in each unit. The property is 100 percent occupied with fair rents and room for growth. There is 4 off street parking spaces. Rents on all units for the savvy investor know that this is a great opportunity for their ROI. SELLER IS MOTIVATED! Great property to hold long term. DO NOT DISTURB TENANT'S

356 West Sunview Avenue, Palm Springs

$1,475,000

00-24454125 MLS

Discover an exceptional investment opportunity for this first time on the market four-plex near the Ace Hotel in Twin Palms and close to downtown Palm Springs. This beautifully remodeled four-unit multifamily property is ideally situated, and features three spacious 2-bedroom, 2-bath units, each over 1,200 sq. ft. and one expansive 2-bedroom, 2-bath unit with two additional rooms, boasting over 1,800 sq. ft. Each unit has been meticulously updated with modern finishes and amenities, ensuring comfort and style. Relax by the sparkling pool or unwind in the landscaped outdoor area perfect for Palm Springs' sunny climate. There is a dedicated parking lot, offering convenience for residents, and is close to local attractions, dining, and shopping. Don't miss your chance to own a piece of paradise in Palm Springs! Buyer to comply with seller's 1031 exchange.

1965 South Camino Real, Palm Springs

$1,795,000

00-24421577 MLS

PROPERTY UPDATE: "TEMPORARILY OFF THE MARKET" while "UNDERGOING EXTENSIVE REMODELING & UPDATING". Will return to the market in early 2025 at a higher list price. ANY & ALL QUESTIONS: Contact Listing Agent Rick Chimienti at (310) 985-3420. Do not go onto the property. Do not disturb construction workers working on the property. Do not contact or disturb Sellers/Owners. Security cameras on the property. Located in the prime and much sought-after Warm Sands area, in desirable South Palm Springs. This mid-century modern 5-unit garden style property has many possibilities. It can be run as a hotel, apartment building or live in one unit and rent out the rest. The City of Palm Springs has approved the property for conversion to a boutique hotel once specific upgrades are completed. Building permit and architectural plans to be transferred to the buyer upon closing. Five units total, four 1bd/1ba and one 2bd/2ba. Detached front unit includes living room with fireplace, 1 bedroom + 1 bath, kitchen, dining area, private patio, and mountain views. Four additional units include three 1 bedroom + 1 bath units and one 2 bedroom + 2 bath unit. All four remaining units have living rooms, vintage Mid-Century Modern kitchens, breakfast bars, and dining areas. All overlook garden areas and all have private patios. Gated pool and patio area. Minutes to the many fine shops and restaurants in the downtown village area of Palm Springs. Included in the purchase price are all appliances, exterior patio furniture. The perfect desert retreat! Buyer to co-operate with "possible" Seller's 1031 Tax Deferred Exchange at no cost to Buyer. Broker, Broker's Agents, & Sellers do not represent and/or guarantee the accuracy of the square footage, permitted or unpermitted space, bedroom/bath count, lot size/dimensions, schools, or any other information concerning the conditions or features of the property & surrounding area, including property income. Buyer is advised to independently verify the accuracy of all information through personal inspection and/or investigation with appropriate professionals to satisfy themselves regarding all material issues of the subject property etc.

975 East Camino Parocela, Palm Springs

$685,000

00-23339439 MLS

A charming cottage-style duplex and an exceptional investment opportunity in the heart of the sought-after Warm Sands neighborhood.

541 South Calle Amigos, Palm Springs

$825,000

00-24418685 MLS

Welcome to this stunning duplex, completely renovated, top to bottom in a stunning contemporary design, in one of Palm Springs' most desirable neighborhoods, Warm Sands. This versatile property is ideal as a primary residence with rental income, or 2nd home, or short-term rental (buyer to verify with city). Property is fully enclosed and private with custom steel gates, new low maintenance landscaping, astro turf, and freshly laid concrete for 4 parking spaces in front and passageways. Renovations include HVAC and ducting, water heaters, drywall throughout, electrical and plumbing, switches and dimmers, recessed lighting and cabinetry throughout. Brand new appliances, including washer and dryer in each unit. Front unit is 1 bedroom, 1bath and the rear unit is a spacious 1 bedroom with 2 baths. Both entrances are on the side with combo locks. Both units have a firepit. Separate meters for gas and electric. Not a single detail has been overlooked. You will be amazed.

1377 East Camino Primrose, Palm Springs

$679,000

3 Beds ⋅ 2 Baths ⋅ 219116048 MLS

Nestled in the heart of desirable Warm Sands neighborhood, one block off famous Indian Canyon - this historic duplex offers serenity with access a street over to world-class dining, shopping, vibrant nightlife and outdoor adventures. This architectural gem is freshly painted and offers NEW HE Air Conditioning System, window treatments & furniture! Just pack your bag and live almost free with one unit available for rent and one just waiting for you! Upper Unit: Features two spacious bedrooms and is currently unoccupied. With its classic architecture and cozy ambiance, this space offers both comfort and character. Lower Unit: a flexible studio that can also function as a one-bedroom, is rented on a month-to-month basis. Ideal for guests, extended family, or additional income. Expansive lot situated on a generous 6,098 square foot lot, this property presents a myriad of opportunities for expansion. Imagine adding some outdoor entertainment area furniture, or even additional living spaces—your vision can become a reality here. Cap rate is strong at over 5%. Tenant downstairs is month to month but open to staying. Upper unit is a great vacation rental, and there's lots of storage space that could easily be finished off to add another 400 square feet. Termite report from September, 2024 is clear. Whether you're looking for a solid investment property, a vacation getaway with built income, this is it! Interested parties verify all info thx

575 S Calle Ajo, Palm Springs

$1,035,000

4 Beds ⋅ 4 Baths ⋅ 219114445 MLS

Attention, savvy investors and 1031 exchange enthusiasts! Welcome to 243 Avenida Ortega, a prime investment opportunity in the heart of South Palm Springs. This fourplex offers a rare chance to capitalize on the Palm Springs market while enjoying the beauty of the desert. Nestled against the backdrop of majestic mountains, this property boasts breathtaking mountain views that will leave you in awe. Each unit has been thoughtfully updated to provide a harmonious blend of comfort and style, making it an attractive prospect for investors looking to generate rental income. The location couldn't be more ideal for investors seeking to diversify their portfolio or execute a 1031 exchange. You'll find yourself just moments away from Palm Springs' renowned dining, shopping, and entertainment options. Don't miss this golden opportunity to own a piece of Palm Springs paradise and achieve your investment goals. Contact us today to schedule a viewing and explore the potential this unique fourplex offers

243 Avenida Ortega, Palm Springs

$1,579,000

BB-24128239 MLS

Welcome to your dream 4-plex in the heart of South Palm Springs, completely renovated with meticulous attention to detail. This sunlit oasis boasts owned solar panels for sustainable living and significantly lower electric costs, along with a brand-new, shimmering pool to cool off on sunny days. Inside, you'll find modern luxury at every turn, with new appliances, quartz countertops, in-unit washers and dryers, and ample off-street parking for your convenience. Enjoy the added benefit of being within walking distance to downtown, making dining, shopping, and entertainment easily accessible. Outdoor enthusiasts will appreciate the proximity to hiking trails, offering the opportunity to explore the area's natural beauty. Whether you're looking for a reliable rental income stream or a versatile multi-generational residence, this property caters to both. The units include (1) 2bd/2ba, (1) 2bd/1ba, and (2) 1bd/1ba. Entire property has one meter for gas, electric, and water.

145 East Mesquite Avenue, Palm Springs

$2,080,000

CV-24108311 MLS

Martinez and Associates, as the exclusive listing agent, is pleased to offer for sale the fee simple interest in Cottonwood Apartments, a 10-unit multifamily community located in Palm Springs, California. Originally constructed in 1963, the property consists of eight one bedroom units, one two bedroom unit, and one three bedroom unit. Each unit has its own private patio and yard. Cottonwood is ideally situated just steps from uptown Palm Springs, which has seen a renaissance in recent years.

550 East Cottonwood Road, Palm Springs

$660,000

00-24397053 MLS

South Palm Canyon Dr Commercial fixer. Adjacent to Tahquitz River Estates, multiple new construction projects, hotels, outstanding dining and small shops. This area is definitely up and coming. Front parking and gated rear parking, walled rear area with so much potential. The upstairs was originally two studio apartments now combined into one. Downstairs is retail space. C1 Zoning allows the biggest variety of uses including residential, retail, mixed use, restaurant and more (Buyer to confirm allowable uses with the City of Palm Springs) Small buildings for sale in this area are rare. This building is a fixer but worth the effort. Showings are by appointment. Contact your Realtor or listing agent for access. The City of Palm Springs currently has a moratorium on new liquor licenses in the area. See virtual tour below for agent walk through video.

1146 South Palm Canyon Drive, Palm Springs

$815,000

CV-24105852 MLS

Excellent income opportunity. Some units have been updated to offer modern amenities while maintaining classic charm. One of the units include features such as new flooring, updated kitchens, and contemporary fixtures, ensuring a comfortable and appealing living environment for tenants. Located in a desirable area of Palm Springs, this property benefits from the city's vibrant atmosphere and convenient amenities. It is close to schools, shopping, and dining options, making it attractive to potential renters. Additionally, the property has been designed with practicality in mind, offering features like ample parking and easy access to major routes. All four units are rented out. One unit is at fair market value and the other three have room to go up.

4093 East Calle De Carlos, Palm Springs

$1,725,000

8 Beds ⋅ 8 Baths ⋅ 219110045 MLS

Rare opportunity to acquire a well maintained successfully established income property in one of the most desirable locations of South Palm Springs. This modern 6-Unit Courtyard complex (Two 2BDR-2BA and Four 1BDR-1BA) fully occupied with remarkable rental history and high cash-flow, offers stability for any type of investor, first-time purchaser, investors seeking to diversify their portfolio or execute a 1031 exchange. Nestled in the serene Twin Palms neighborhood, the complex features a private and peaceful environment, modern architecture with tall ceilings, stunning mountain views, a private central sparkling pool & spa and manicured landscape. The well-designed layout of each unit provides ample space and flexibility to accommodate a wide range of living arrangement. All separately metered, and with assigned off-street parking, and four units featuring private patios. Among the most recent updates in recent years, four of the six units were renovated with contemporary finishes, quartz countertops, stainless steel appliances, modern showers and more. The roof of unit E was completely redone in 2022, and the L-shaped roof was serviced throughout. The pool decking was redone in 2022. This 6-Unit complex showcases attention to details in every aspect of its maintenance. Its location offers convenient access to renowned dining, shopping, and entertainment options. The property has high rental income with potential for further revenue growth. You Own the Land!

1900 S Camino Real, Palm Springs

$729,000

00-24364393 MLS

Built in 1935, this 4 unit cottage styled building is located in south Palm Springs in the Warm Sands Neighborhood, near downtown Palm Springs. Main unit is 2 bedroom and 1 bath. 2nd unit is 2 bedroom 1 bath. Plus two small studios. 3 fireplaces. Each unit was remodeled in 20011-2012, with new plumbing, electrical, tile, and cabinetry. Central air and heating in each unit. Each has their own electrical meters and gas. Great long term tenants, with minimal maintenance. Whether investing or wanting to live here, this south Palm Springs location and proximity to down town can't be beat.

517 East Camino Parocela, Palm Springs

$750,000

00-23317851 MLS

Fantastic location coupled with a wonderful opportunity to add value and turn around this 6-unit apartment building and increase cash flow and equity. The building has consistent rental income and is located west of Palm Canyon Drive and close to downtown. The property has excellent potential for redevelopment. Buyers to confirm with the city regarding zoning and development potential. All information is not guaranteed. Buyers to perform due diligence. Drive by only - Do not disturb tenants or walk the property without permission.

330 West Mariscal Road, Palm Springs

$900,000

SW-24043433 MLS

Featured in LUXE Interiors and Design Magazine and currently used as a popular vacation rental, this professionally decorated Barbie-inspired PINK PALOMA comes complete with furnishings, decor and is fully stocked. Nestled in the prestigious Little Tuscany neighborhood of Palm Springs and just minutes from the action of downtown, this 3 bedroom, 2 bath POOL home was fully remodeled in 2022 and offers easy access to all that Palm Springs has to offer - the award-winning restaurants, bars, art galleries and more. The home features an open-concept layout encompassing the living, dining and kitchen spaces, complete with a convenient eat-in island. Abundant natural light filters in from the surrounding patio areas, illuminating the home. The master bedroom comes complete with its own master bath area and enjoys separate access to the private patio, pool and ample yard. Enjoy the gorgeous mountain views behind. Separate 2-car garage with additional driveway parking.

2723 North Junipero Avenue, Palm Springs

$2,750,000

12 Beds ⋅ 12 Baths ⋅ 219107147 MLS

Newly renovated boutique hotel in The Movie Colony in Palm Springs! Renovated in 2024, The Bearfoot Inn is a twelve room hotel located on Indian Canyon Drive just one block over from Downtown Palm Springs & the Uptown Design District, and features spacious rooms with incredible mountain views. The room mix currently includes (3) King Suites with a kitchenette and private patio, (1) Poolside King Suite, (2) Deluxe King Suites with kitchenette and private patio, (5) Poolside Queen Suites, and (1) Queen Suite with kitchenette and patio. The rooms feature open floor plans (many of which have their own kitchenettes) with lots of natural light, large slider doors opening up to the exterior, updated flooring throughout, and more. The courtyard includes a beautiful pool and spa area with lounging chairs, grass areas, and an outdoor shower. Ample private parking, new & refreshed grounds, and an irreplaceable location are just some of the perks of this hotel! Renovations have recently been completed so there is no current book of business, and certain aspects are ready for the new buyer to put their own personal touches on (including the showers). Reach out for more information or if you'd like to schedule a private tour.

888 N Indian Canyon Drive, Palm Springs

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