Active

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 : Residential Income

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

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total Bedrooms: 26

    Bathroom Information

    Total Baths: 26 Full Baths: 0 Half Baths: 0

    Water/Sewer

    Water Source: Public Sewer: Sewer Tap Paid
  • Interior Features

    Roof: Foam Interior Features: Ceiling Fan(s) Property Appliances: Dishwasher,Refrigerator Fireplace: Den,Kitchen,Living Room,Outside Flooring: Tile
  • Cooling Features

    Central Air Air Conditioning

    Heating Source

    Central Has Heating

    Fireplace

    Fireplace Features: Den,Kitchen,Living Room,Outside Has Fireplace: 1

  • Building Information

    Year Built: 1976 Building Area Total: 16,600 Construction: Stucco Roof: Foam
  • Foundation

    Slab
  • Pool Features

    Community,Association

    Laundry Features

    Common Area,Laundry Room

    Patio And Porch

    Concrete

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 1.22
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 53143

  • Listing Price Information

    Original List Price: 3,895,000 Listing Contract Date: 2026-03-25
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 511052008

  • Garage and Parking

    Garage Description: Uncovered

    Homeowners Association

    Association Amenities: Pool,Spa/Hot Tub
  • Rental Info

    Lease Term: Negotiable Tenant Pays: Electricity,Gas,Water

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 334 - South End Palm Springs Directions: 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. Zoning: R2 Source Property Type: Residential Income Area: 334 - South End Palm Springs
  • Building and Construction

    Property Age: 50 Common Walls: No Common Walls Year Built Source: Vendor Enhanced Total Square Feet Living: 16600 Entry Level: 1 Entry Location: Ground Level - no steps Levels or Stories: One Building Total Stories: 1
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Nearby Home Value

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1967 Marguerite Street, Palm Springs, CA, 92264 $749,000 4 2 1,750 1,750 SqFt
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2020 Lawrence Street, Palm Springs, CA, 92264 $650,000 2 2 1,000 1,000 SqFt
9 Calle Abajo, Palm Springs, CA, 92264 $135,000 2 1 1,440 1,440 SqFt
268 Encino Drive, Palm Springs, CA, 92264 $399,000 3 2 1,493 1,493 SqFt
147 Sage Drive, Palm Springs, CA, 92264 $259,000 -- -- --
2030 S Bob O Link Lane, Palm Springs, CA, 92264 $1,195,000 3 2 1,673 1,673 SqFt
4351 E Calle De Carlos, Palm Springs, CA, 92264 $649,900 3 2 1,560 1,560 SqFt
4385 E Paseo Caroleta, Palm Springs, CA, 92264 $875,000 4 2 1,592 1,592 SqFt
4267 E Sunny Dunes Road, Palm Springs, CA, 92264 $409,000 2 1 1,065 1,065 SqFt

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ByOwner last updated this listing 06/16/2026 @ 08:51

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

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