1850 S Camino Real, Palm Springs, CA 92264
1850 S Camino Real, Palm Springs, CA 92264
1850 S Camino Real, Palm Springs, CA 92264
1850 S Camino Real, Palm Springs, CA 92264
1850 S Camino Real, Palm Springs, CA 92264
1850 S Camino Real, Palm Springs, CA 92264
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$ 3,895,000
Est. payment | /mo

26 Beds

26 Baths

16,600 SqFt


Save
$ 3,895,000
Est. payment | /mo
Save

26 Beds

26 Baths

16,600 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 16,600 sqft

Price per Sqft $234

MLS Listing ID 26669731PS

Style Contemporary Mediterranean

Bedrooms 26

Year Built 1976

Lot Size 1.220 Acres

Acres 1.22

Property Sub-Type Multi-Family

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

Area Palm Springs South End

Zoning R2

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Flooring Tile

Fireplaces Type Den, Kitchen, Living Room, Patio

Equipment Ceiling Fan, Dishwasher, Refrigerator, Range/Oven, Freezer

Laundry Room, Community

Exterior

Parking Features Uncovered

Garage Spaces 22.0

Pool Community, Heated And Filtered

Amenities Available Pool, Spa

Waterfront Description None

View Y/N Yes

View Pool, Tree Top, Mountains

Roof Type Clay, Foam

Building

Lot Description Corners Established, Curbs, Landscaped, Sidewalks

Story 1

Foundation Slab

Sewer In Connected and Paid

Water District

Architectural Style Contemporary Mediterranean

Level or Stories One

Structure Type Stucco

Others

Special Listing Condition Standard

Pets Allowed Pets Permitted

TheMLS (CLAW)
Listed by Compass

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1850 S Camino Real