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1850 S Camino Real

Palm Springs, CA 92264
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Bed 26

Bed

Bath 0

Bath

SqFt16,600

Sqft

SqFt53,143

Sqft(Lot)

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 elevate d 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,895,000

AD Id : 76386581

MLS Id : 26669731PS

Beds : 26

Lot Size : 53,143 Sqft

Living Area Size : 16,600

Year Built : 1976

Garage : 2

County : Riverside

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Feature Features

  • Bedroom Information

    Total beds: 26

    Bathroom Information

    Total Baths: 26

    Roofing Information

    Foam

    Flooring Information

    Tile
  • Interior Features

    Ceiling Fan(s)
    Roof: Foam
    Appliances: Dishwasher, Refrigerator
    Laundry Features: Common Area, Laundry Room
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1976
    Building Area Total: 16600
    Construction Materials: Stucco
    Stories: 1
    Patio And Porch Features: Concrete
    Pool Features: Community, Association
    Private Pool: No
    View: Mountain(s), Pool

  • Lot Information

    Main Square Feet: 53143 Lot Size Acres: 1.22 Lot Size Square Feet: 53,143 Lot Description: Corners Marked,Landscaped

  • Listing Price Information

    Listing Price: $3895000

  • Tax Information

    Parcel Number: 511052008

  • Parking Information

    Parking Total: 22 Uncovered

    Garage Information

    Has Garage: Yes Garage Space: 2

    Homeowners Association Information

    Association Amenities: Pool, Spa/Hot Tub
    Community Features: Pool

  • Location Information

    Direction: From E Palm Canyon turn right on S Camino Real. The property will be on your left. DO NOT access any part of the property, any part of the grounds, or engage with tenants without first contacting listing agent. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1914 Marguerite Street, Palm Springs, CA, 92264 $750,000 3 2 1,550 1,550 SqFt
1941 Marguerite Street, Palm Springs, CA, 92264 $799,000 4 2 1,750 1,750 SqFt
1967 Marguerite Street, Palm Springs, CA, 92264 $749,000 4 2 1,750 1,750 SqFt
145 Calle Arriba, Palm Springs, CA, 92264 $183,000 2 1 1,392 1,392 SqFt
145 Sage Drive, Palm Springs, CA, 92264 $260,000 2 2 1,440 1,440 SqFt
5191 E Lakeside Dr, Palm Springs, CA, 92264 $1,780,000 3 3 2,292 2,292 SqFt
2063 S Broadmoor Drive, Palm Springs, CA, 92264 $1,494,000 4 3 2,336 2,336 SqFt
4318 E Mesquite Avenue, Palm Springs, CA, 92264 $900,000 3 2 1,850 1,850 SqFt
4140 E Calle San Antonio, Palm Springs, CA, 92264 $570,000 3 2 1,807 1,807 SqFt
4011 E Camino San Simeon, Palm Springs, CA, 92264 $799,000 3 3 2,106 2,106 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/07/2026 @ 06:33

MLS: 26669731PS LISTED BY: James Gault, Compass 760-350-9253 SOURCE: CRMLS

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