Advertise
    Palm Springs, CA
    Apartment Building

    Palm Springs, CA Apartment Buildings for Sale

    Notify Me
    List
    Map
    Desert Hot Springs, CA Whitewater, CA Cathedral City, CA North Palm Springs, CA Sky Valley, CA Rancho Mirage, CA Idyllwild, CA Thousand Palms, CA
    6 properties
    Renovated 5-Unit Apartment Building
    Updated: Jul 15
    Renovated 5-Unit Apartment Building

    521 Desert Way, Palm Springs, CA 92264

    $1,357,900
    3,900 sqft 0.23 AC lot
    5‑unit apartment building in Palm Springs’ Demuth Park area; offers 3 long‑term residents for dependable cash flow
    Private pool and spa at the property
    Renovation includes ceramic tile flooring; heating is forced air and cooling is central air
    R2 zoning offers flexibility beyond traditional long‑term tenants (uses subject to Palm Springs City approval)
    Demuth Park nearby with a $7.5M investment, including 22 new pickleball courts, large/small dog parks, and the CV Link entrance
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    521 Desert Way, Palm Springs, CA 92264

    View Property Analytics

    • Est. Cap Rate

      4.7%
      NOI ÷ price

    • Est. NOI

      $63K
      Annual

    • Mortgage

      $225K
      Dec 2019

    • Last Sold

      Jun 2012
      $210K

    • Property Type

      Apartment House
      Built 1963
    View Property Analytics
    7-Unit Apartment Complex
    Updated: Mar 2
    7-Unit Apartment Complex

    238 S Saturmino, Palm Springs, CA 92262

    $1,688,000
    7‑unit apartment complex in Palm Springs
    Year built: 1963
    Cooling includes window unit(s) and wall/window unit(s)
    View details
    Palm Springs Multifamily Investment Opportunity
    Palm Springs Multifamily Investment Opportunity

    3737 Calle De Carlos, Palm Springs, CA 92264

    $870,000
    3,800 sqft 0.23 AC lot

    Five-unit income property in Palm Springs' Demuth Park submarket.

    View details
    Deepwell Apartments Multifamily Investment Opportunity
    Deepwell Apartments Multifamily Investment Opportunity

    1680 East Palm Canyon Drive, Palm Springs, CA 92264

    $5,995,000
    20,296 sqft 0.94 AC lot

    30+1 unit multifamily community in Palm Springs' Deepwell Estates.

    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Palm Springs 7-Unit Apartment Complex
    Palm Springs 7-Unit Apartment Complex

    238 S Saturmino, Palm Springs, CA 92262

    $1,688,000

    7-unit apartment complex in desirable Palm Springs location.

    View details
    Palm Springs Apartment Community
    Palm Springs Apartment Community

    495 E Twin Palms Drive, Palm Springs, CA 92264

    $7,500,000
    2.34 AC lot

    51-unit apartment community near Downtown Palm Springs.

    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 6 Active listings in Palm Springs, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 66 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Multi-Unit Income Property
    Multi-Unit Income Property

    7772 Jemez Trail, Yucca Valley, CA 92284

    $649,000
    4,185 sqft 0.68 AC lot

    Well-maintained rental property with five units across four structures, including duplexes and a separate small house.

    View details
    Yucca Valley Income Property
    Yucca Valley Income Property

    7772 Jemez Trl, Yucca Valley, CA 92284

    $649,000
    0.68 AC lot

    Well-maintained 5-unit residential income property in Yucca Valley.

    View details
    Palm Desert Condo Near El Paseo
    Palm Desert Condo Near El Paseo

    72682 Thrush Road, Palm Desert, CA 92260

    $230,000
    810 sqft

    Charming 2-bedroom condo near El Paseo's shopping and dining.

    View details
    Condominium Short-Term Rental Investment
    Condominium Short-Term Rental Investment

    2-74380 El Camino, Palm Desert, CA 92260

    $6,845,000

    Updated condo units built for long- and short-term occupancy with a structure that supports continued STR operations.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    San Jacinto Land with Utilities
    San Jacinto Land with Utilities

    Rosario, San Jacinto, CA 92583

    $155,000
    0.33 AC lot

    Unique lot with utilities available for multiple residential uses.

    View details
    Development Opportunity with DTLA Views
    Development Opportunity with DTLA Views

    700 Lookout Dr, Los Angeles, CA 90012

    $799,000
    0.22 AC lot

    Land with potential for up to 23 units.

    View details
    Lancaster Corner Lot Investment Opportunity
    Lancaster Corner Lot Investment Opportunity

    Newgrove Street, Lancaster, CA 93534

    $350,000
    0.17 AC lot

    0.17-acre corner lot in Lancaster with development potential.

    View details
    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    31426 The Old Road N, Castaic, CA 91384

    $2,250,000
    2.05 AC lot

    2+ acres of commercially zoned land with freeway exposure.

    View details

    Off-Market Properties in Palm Springs, CA

    Consider similar Off-Market properties in Palm Springs, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    525 Thornhill Rd
    APARTMENT HOUSE (5+ UNITS)

    525 Thornhill Rd, Palm Springs, CA 92264-7880

    Value Estimation by Request
    1,514 sqft 0.34 AC lot
    View details
    520 Desert Vw Dr
    APARTMENT HOUSE (5+ UNITS)

    520 Desert Vw Dr, Palm Springs, CA 92264-1040

    $1,125,000
    Estimated value
    3,350 sqft 0.23 AC lot
    View details
    509 Highland Dr
    APARTMENT HOUSE (5+ UNITS)

    509 Highland Dr, Palm Springs, CA 92264-1070

    $3,245,000
    Estimated value
    14,824 sqft 0.70 AC lot
    View details
    3941 Calle De Ricardo
    APARTMENT HOUSE (5+ UNITS)

    3941 Calle De Ricardo, Palm Springs, CA 92264-1239

    $730,000
    Estimated value
    3,810 sqft 0.23 AC lot
    View details
    280 Mel Ave
    APARTMENT HOUSE (5+ UNITS)

    280 Mel Ave, Palm Springs, CA 92262-4817

    $1,655,000
    Estimated value
    2,032 sqft 0.48 AC lot
    View details
    579 Highland Dr
    APARTMENT HOUSE (5+ UNITS)

    579 Highland Dr, Palm Springs, CA 92264-1054

    Value Estimation by Request
    4,255 sqft 0.47 AC lot
    View details
    725 San Lorenzo Rd
    APARTMENT HOUSE (5+ UNITS)

    725 San Lorenzo Rd, Palm Springs, CA 92264-8124

    $680,000
    Estimated value
    4,738 sqft 0.26 AC lot
    View details
    817 Riverside Pl
    APARTMENT HOUSE (5+ UNITS)

    817 Riverside Pl, Palm Springs, CA 92264-8158

    $1,465,000
    Estimated value
    6,720 sqft 0.57 AC lot
    View details
    508 Desert Vw Dr
    APARTMENT HOUSE (5+ UNITS)

    508 Desert Vw Dr, Palm Springs, CA 92264-1037

    $725,000
    Estimated value
    2,372 sqft 0.23 AC lot
    View details
    584 Calle Palo Fierro
    APARTMENT HOUSE (5+ UNITS)

    584 Calle Palo Fierro, Palm Springs, CA 92264-7483

    $660,000
    Estimated value
    1,296 sqft 0.15 AC lot
    View details
    482 Pico Rd
    APARTMENT HOUSE (5+ UNITS)

    482 Pico Rd, Palm Springs, CA 92262-1918

    $910,000
    Estimated value
    3,475 sqft 0.23 AC lot
    View details
    1945 Calle Lileta
    APARTMENT HOUSE (5+ UNITS)

    1945 Calle Lileta, Palm Springs, CA 92262-7100

    $1,325,000
    Estimated value
    4,360 sqft 0.30 AC lot
    View details
    2000 Sahara Rd
    APARTMENT HOUSE (5+ UNITS)

    2000 Sahara Rd, Palm Springs, CA 92262-3580

    $1,360,000
    Estimated value
    9,428 sqft 0.36 AC lot
    View details
    590 Calle Palo Fierro
    APARTMENT HOUSE (5+ UNITS)

    590 Calle Palo Fierro, Palm Springs, CA 92264-7462

    $600,000
    Estimated value
    1,296 sqft 0.14 AC lot
    View details
    1400 Palm Cyn Dr
    APARTMENT HOUSE (5+ UNITS)

    1400 Palm Cyn Dr, Palm Springs, CA 92264-0901

    $7,300,000
    Estimated value
    6,752 sqft 1.90 AC lot
    View details
    550 Indian Cyn Dr
    APARTMENT HOUSE (5+ UNITS)

    550 Indian Cyn Dr, Palm Springs, CA 92264-7401

    $660,000
    Estimated value
    3,561 sqft 0.15 AC lot
    View details
    380 Sunrise Way
    APARTMENT HOUSE (5+ UNITS)

    380 Sunrise Way, Palm Springs, CA 92262-6570

    $5,095,000
    Estimated value
    36,866 sqft 0.80 AC lot
    View details
    629 Thornhill Rd
    APARTMENT HOUSE (5+ UNITS)

    629 Thornhill Rd, Palm Springs, CA 92264-7694

    $1,015,000
    Estimated value
    5,178 sqft 0.34 AC lot
    View details

    Palm Springs, CA Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Palm Springs, CA, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 27,996 square feet of properties for sale, with an estimated market value of $8,222,900.

    Sale prices for two-family homes in Palm Springs, CA start at $870,000, averaging $2,740,966, and reaching up to $5,995,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Demographics Overview

    Population 46K
    Population Growth (5Y) -3.4%
    Median Household Income $72,583
    College Educated 32.1%

    High-Yield Neighborhoods for Investment

    Identify Palm Springs submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    92262 $2.1M
    92264 $4.2M

    Taxes & Financing

    Tax Rate (average for all types) 1.39%
    Property Tax per SF $15.19 per SF
    Tax Rate vs County Average 0.20 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Riverside County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Palm Springs fall within the 10,000 to 25,000 square foot range.

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Browse Apartment buildings for Sale Near Palm Springs, CA

    Popular Searches in Palm Springs, CA

    Popular Categories

    Most Searched ZIP Codes in Palm Springs, CA

    • 92264
    • 92262

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!