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

8 Beds ⋅ 6 Baths ⋅ 219150697 MLS

Investor's dream in the heart of Palm Desert! This fully permitted five-unit income property sits on a spacious 0.41-acre lot and offers projected gross rental income of $10,350 per month ($124,200 annually) at full stabilization. Three units are currently leased and generating income, while the property's two highest-value units are vacant and ready for immediate lease-up at market rates. The primary residence is a spacious 2,700 sq. ft. 3-bedroom, 2-bath home featuring an attached two-car garage, private lap pool, in-ground spa, and built-in BBQ, with projected rental income of $3,750 per month. The standout feature is the detached 2-bedroom, 1.5-bath guest house, complete with its own owned solar system that saves approximately $400-$500 per month in electricity costs, with projected rental income of $3,000 per month. Completing the investment are two detached permitted ADUs projected to rent for $1,500 and $1,100 per month, each with its own electric meter, plus an attached permitted casita currently leased at $1,000 per month, with utilities included. Four of the five units have independent electric meters, helping reduce owner expenses. Best of all, there's no HOA. Ideally situated in the heart of Palm Desert, this property is just steps from the world-class dining, shopping, and entertainment along Highway 111 and the iconic El Paseo -- the ''Rodeo Drive of the Desert.'' Tenants enjoy walkable access to upscale boutiques, galleries, cafes, and restaurants, making this one of the most desirable rental locations in the Coachella Valley. Strong tenant demand and low vacancy are a natural result of a location this central. Whether you're completing a 1031 exchange, expanding your Coachella Valley investment portfolio, or looking for a multi-generational property with substantial income potential, 74431 De Anza Way offers a rare combination of immediate cash flow, future upside, and long-term flexibility.

74431 De Anza Way, Palm Desert

$820,000

2 Beds ⋅ 2 Baths ⋅ IV-26146614 MLS

This Property offers 2 spacious units on a 7,405 Square Feet lot both units are 2 Bed 2 Bath with 1,680 Square Feet of living space with washer and dryer hook ups in each unit along with an attached 1 car garage. Both units offer their own spacious private patio. Whether you're looking for an investment property or next gen living this property is great for both. Conveniently located less than one mile to plenty of shopping, restaurants and golfing. Also, located close to the future home of the Disney Vacation Beach Club which offers a beach in the middle of the desert where you can swim, rent a boat and relax. This property is the perfect get away or the perfect place to call home.

73134 Guadalupe, Palm Desert

$1,475,000

IV-26151955 MLS

PRICED TO SELL!!!!! DON'T MISS OUT ON THIS RARE INVESTMENT OPPORTUNITY. THIS EXCEPTIONAL WELL MAINTAINED LUXURY MULTI-FAMILY PROPERTY ON PARK PLACE IN PALM DESERT IS A PRIME INVESTMENT. EACH UNIT HAS MASTER BEED ROOM WITH A STRONG LAYOUT,NEWER TILE AND LAMINATE FLOORING AND DESIRABLE AMENITIES LIKE GARAGE PARKING, A POOL, AND SPA. IT APPEALS TO SERIOUS LONG TERM AND SHORT TERM TENANTS. NEWER ROOF AND A/C UNITS. ONLY ONE UNIT RENTED! 3 UNITS ARE VACANT TO GET HIGH MARKET RENTS FOR NEW OWNER. PLEASE CALL FOR MORE RENTAL INFORMATION. POSSIBLE OWNER FINANCING AVAILABLE. THE AREA IS SERVED BY EXCELLENT SCHOOLS, INCLUDING ABRAHAM LINCOLN ELEMENTARY AND PALM DESERT HIGH SCHOOL, MALL, EL PESEO, FWY ACCESS, COSTCO, SAMS CLUB AND NEW DISNEY RESORT COTINO. MAKING IT CONSISTENTLY SOUGHT AFTER. IT'S THE PERFECT ADDITION TO ANY PORTFOLIO, WHETHER YOU'RE JUST STARTING INVSTIONG OR LOOKING TO EXPAND. THIS PROPERTY QUALIFIES FOR STANDART FHA, VA AND CONVENTIONAL FININCING IF OWNER OCCUPIED.

42995 Park, Palm Desert

$369,000

2 Beds ⋅ 2 Baths ⋅ 219149853 MLS

** Short Term Vacation Rental Opportunity -Turnkey Furnished condo on the Golf Course with Mountain Views** Experience one of the most coveted Golf Course locations in Palm Desert Resort Country Club! Wake up to Fairway and Mountain Views. Perfectly positioned on the 13th Fairway, this exceptional condo captures Breathtaking, Panoramic views of the Golf Course and San Jacinto & Santa Rosa Mountains. From Sunrise to Sunset, the Sweeping Vistas create a truly unforgettable backdrop. This Turnkey Furnished, Forest Hills model is Move-in Ready. Featuring Two Private Master Suites & Two well appointed baths. A stylishly updated kitchen boasts Quartz Slab Countertops, Stainless Steel Appliances & Range Hood, Granite composite sink & Abundant Storage with an interior walk in closet and additional owners closet as well as an exterior storage closet at the carport. Attached Covered Parking Carport parking for 2 cars. Additional upgrades:Quartz bathroom vanities, white oak Luxury vinyl flooring, high-end ceiling fan, Interior Laundry Area complete w/washer/dryer & walk-in closets with built-ins. Thoughtfully updated to create a Comfortable & Inviting Ambiance. Prime End-Unit location with no condos to the front, offering optimal Privacy. Enjoy Desert Resort Living from your gracious Backyard Patio--perfect for Entertaining & Relaxing while watching golfers pass by & soaking in the view. Ideal as a Full-Time Residence, Seasonal Retreat or Short-Term Rental investment, offering incredible value in a Premier Country Club setting.HOA fee $845.00 per month. Resort Amenities include 24-hour Guard-Gated Security, 18-hole Championship Golf Course, Clubhouse w/ restaurant & bar, 20 Pools/Spas, 28 Pickleball courts, 7 Tennis Courts--home to the largest Pickleball Club in the Desert.

40523 Preston Trail, Palm Desert

$1,700,000

PS-26846525 MLS

Successful 4plex in Palm Desert South in the Shadow Mountain area. Each unit is fully rented with long term tenants. Each apartment features 2 bedrooms and 2 bathrooms. There is a fully outfitted kitchen and a nice sized living space. Each unit also has its own washer/dryer. A full sized pool with patio in the back completes the space. there is ample off street parking along with one garage space per unit. This building is in a great location, near restaurants and shopping.

73970 Grapevine Street, Palm Desert

$1,700,000

PS-26846573 MLS

Successful 4plex in Palm Desert South in the Shadow Mountain area. Each unit is fully rented with long term tenants. Each apartment features 2 bedrooms and 2 bathrooms. There is a fully outfitted kitchen and a nice sized living space. Each unit also has its own washer/dryer. A full sized pool with patio in the back completes the space. there is ample off street parking along with one garage space per unit. This building is in a great location, near restaurants and shopping.

73950 Grapevine Street, Palm Desert

$948,950

4 Beds ⋅ 4 Baths ⋅ 219148976 MLS

One of a kind South Palm Desert income property / Duplex! | Live in one unit and rent the other | Both are 2 bed 2 full bath units with large 2 -car garages. | Laundry in each unit ( garage ) | Located on quiet cul-de-sac in South Palm Desert and within Washington Charter School district | Beautiful private back yard with shared pool and down valley views | Entire property is in need of TLC - priced accordingly and incredible upside | Solar for both pool and the 2 units ( status / functionality unknown)

46420 Ryway Place 1 & 2, Palm Desert

$865,000

2 Beds ⋅ 3 Baths ⋅ 219140259 MLS

A unique opportunity a newly constructed modern income producing Duplex in the heart of Palm Desert. This modern duplex was built in 2024. The duplex features 2 total units. Unit 1 - 1 bedroom and 1 bathroom. Unit 2 - 1 bedroom and 1.5 bathrooms. Total size of property is 2,329 SF. The property also features a full pool and spa. Nice grass yard space for pets. Each unit features an open floor plan with modern fit and finishes such as - smooth drywall, high ceilings, recessed HVAC vents, large format tile, LED lighting, spa inspired bathrooms. Each unit has washer and dryer hook ups. This property is ideal for an investor that wants to rent out both units. Or also a nice set up for someone who wants to live in one unit and rent out the other unit to bring in rental income. Plenty of parking in the front oversized driveway, with shade. Property is in close proximity to El Paseo, retail, and entertainment. Please call to schedule a private showing.

44393 Lingo Lane, Palm Desert

$1,338,000

NP-24245123 MLS

Location, Location, Location.. you have heard it before but imagine owning a turnkey, swanky property just 1 block off of the infamous El Paseo in Palm Desert. Picture yourself going to dinner, happy hour with friends, shopping till you drop and being only 1 block away from your incredible home. Completely remodeled and offered turnkey furnished, this 3 BR | 2 BA home with a private pool and spa is just what you need to rejuvenate. Keep it all to yourself or take advantage of short term rental income with a transferable permit. The Great Room concept is perfect for entertaining offering sliding glass doors that open to a very private back yard with a sparkling pool, spa, bbq and plenty of space to relax. A large primary suite with vintage tiles in the ensuite take you back to old Palm Springs. Two additional bedrooms and another bathroom complete the home. Newer AC, pool heater, pool equipment and water heater allows you to have comfort knowing the big ticket items are taken care of. Sold turnkey furnished. Come see it for yourself!

45475 San Luis Rey Avenue, Palm Desert

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Palm Desert Multi-Family Real Estate