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… Read More 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. Read Less
Property listed by Compass, James Gault 310-259-7556
Listing Snapshot
Days Online
8
Last Updated
Beds
26
Square Ft.
16,600
Lot Size
1.22 Acres
Year Built
1976
MLS Number
26669731PS
Additional Details
Appliances & Equipment
Dishwasher, Refrigerator
Building
Built in 1976, Living area: 16600.0, 2 buildings, Building faces West, 1 storey, Levels: One, Entry level: 1, Entry location: Ground Level - no steps, Construction Materials: Stucco
Community
Pool
Cooling
CentralAir
Doors
SlidingDoors
Exterior Features
Patio/Porch Features: Concrete
Fireplaces
Den, Kitchen, LivingRoom, Outside
Floors
Tile
Foundation
Slab
Garage
2 spaces
Heating
Central
Home Owner's Association
Amenities: Pool, SpaHotTub
Income
Gross Income: $2,500, Net Operating Income: $177,053
Interior Features
CeilingFans
Laundry
CommonArea, LaundryRoom
Lot
1.22 acres, CornersMarked, Landscaped
Parking
22 total parking spaces, Uncovered
Pool
Community, Association
Property
Mountains, Pool
Roof
Foam
Sewer
SewerTapPaid
Taxes
Parcel Number: 511052008, Zoning: R2
Tenant Pays
Electricity, Gas, Water
Utilities
Water Source: Public, 13 separate electric meters, 13 separate gas meters
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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