1850 S Camino Real

Property Overview

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.

Home Details

Property type: Residential Income
Year built: 1976
Living area: 16,600 sq ft
Lot size: 1.22 acres
Parking: 22 spaces
Garage: 2 spaces
Days on market: 8
MLS status: Active

Community, Schools & Utilities

Community

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Location & Neighborhood

Palm Springs, CA 92264

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Frequently Asked Questions About 1850 S Camino Real

Property type: Residential Income

The current asking price is $3,895,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1850 S Camino Real. Our team will confirm availability and timing.

This 26 bedrooms and 26 bathrooms property offers approximately 16,600 square feet of living space. It was built in 1976. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Palm Springs, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Palm Springs property.

The MLS currently reports the property as Active. It has been listed for 8 days. Status can change, so verify availability before relying on it.