1850 S Camino Real, Palm Springs, CA 92264
1850 S Camino Real, Palm Springs, CA 92264
1850 S Camino Real, Palm Springs, CA 92264
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Danielle Broad

Danielle Broad

+1(925) 383-9200
$3,895,000
Est. payment /mo
16,600 SqFt
Save

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 16,600 sqft

Price per Sqft $234

MLS Listing ID CL26669731PS

HOA Y/N No

Year Built 1976

Lot Size 1.220 Acres

Acres 1.22

Property Sub-Type Other

Property Description

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

Location

State CA

County Riverside

Zoning R2

Interior

Heating Other

Cooling Central Air

Flooring Tile

Fireplace No

Laundry Common Area, Laundry Room

Exterior

Utilities Available Other Water/Sewer

View Y/N true

View Mountain(s), Other

Building

Lot Description Other

Sewer Other

Water Other

New Construction No

Others

Tax ID 511052008

Read Less Info
Bridge MLS
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by James Gault • Compass

NEARBY SCHOOLS & PROPERTIES

Danielle Broad

+1(925) 383-9200

danielle.broad@exprealty.com

GET MORE INFORMATION

Full Name
Phone*
Message

By checking this box, I agree to receive recurring marketing communication from Danielle Broad, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

By checking this box, I agree to the Terms of Service and Privacy Policy of this website.

Go tour this home

1850 S Camino Real

QUICK SEARCH
VIEW MORE