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

$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

$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

$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

$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

$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

$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

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