1850 S Camino Real, Palm Springs, CA 92264
Local realty services provided by:CENTURY 21 Classic Estates
1850 S Camino Real,Palm Springs, CA 92264
$3,895,000
- 26 Beds
- 26 Baths
- 16,600 sq. ft.
- Multi-family
- Active
Listed by: james gault
Office: compass760-350-9253
MLS#:26669731PS
Source:CRMLS
Price summary
- Price:$3,895,000
- Price per sq. ft.:$234.64
About this home
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....
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Home facts
- Year built:1976
- Listing ID #:26669731PS
- Added:82 day(s) ago
- Updated:June 16, 2026 at 10:39 AM
Rooms and interior
- Bedrooms:26
- Total bathrooms:26
- Flooring:Tile
- Kitchen Description:Dishwasher, Refrigerator
- Living area:16,600 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Foam
- Year built:1976
- Building area:16,600 sq. ft.
- Lot area:1.22 Acres
- Lot Features:Corners Marked, Landscaped
- Construction Materials:Stucco
- Exterior Features:Concrete
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Sewer Tap Paid
Finances and disclosures
- Price:$3,895,000
- Price per sq. ft.:$234.64
Features and amenities
- Appliances:Dishwasher
- Amenities:Ceiling Fans
- Pool features:Association, Community, Pool
Parking
- Total parking spaces:22
- Parking description:Uncovered
- Garage:Yes
- Garage spaces:2
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