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    Palm Springs, CA Apartment Buildings for Sale

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    Whitewater, CA Cabazon, CA Desert Hot Springs, CA Cathedral City, CA Sky Valley, CA Rancho Mirage, CA
    12 properties
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    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
    7-Unit Apartment Building
    Updated: Mar 2
    7-Unit Apartment Building

    238 S Saturmino, Palm Springs, CA 92262

    $1,688,000
    7‑unit apartment property
    Built in 1963
    Wall/window unit cooling
    238 S Saturmino, Palm Springs, CA 92262
    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
    See what stands out in Riverside County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

    Cap Rate available after sign in
    NOI available after sign in
    Local Demand available after sign in
    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.

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    Single-Story 10-Unit Apartment Building
    Single-Story 10-Unit Apartment Building

    2200 E Sahara Rd, Palm Springs, CA 92262

    $1,750,000
    0.57 AC lot

    A fully occupied 10-unit, single-story apartment property with studio and one-bedroom layouts plus an on-site laundry facility.

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    Renovated 5-Unit Multifamily Property
    Renovated 5-Unit Multifamily Property

    521 Desert Way, Palm Springs, CA 92264

    $1,357,900

    Renovated 5-unit apartment building offered with three long-term residents and R2 zoning flexibility subject to city approval.

    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    24-Unit Apartment Community with Pools
    24-Unit Apartment Community with Pools

    1433 1455 N Indian Canyon Drive, Palm Springs, CA 92262

    $3,500,000

    Sunset Palms Apartments offers studios, one- and two-bedroom units with upgraded interiors, plus two gated pool courtyards and open parking.

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    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.

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    Six-Unit Apartment Building with Pool
    Six-Unit Apartment Building with Pool

    595 S Thornhill Rd, Palm Springs, CA 92264

    $925,000

    Former hotel property with a community pool, mountain views, and separately metered utilities.

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    Apartment Community with Pools
    Apartment Community with Pools

    1433-1455 N Indian Canyon Dr, Palm Springs, CA 92262

    $3,500,000

    Upgraded unit interiors, gated courtyards, ductless HVAC, and open parking support resident convenience.

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    Palm Springs Apartment Community
    Palm Springs Apartment Community

    495 Twin Palms Drive, Palm Springs, CA 92264

    $7,500,000

    51-unit apartment community near Downtown Palm Springs.

    View details
    6-Unit Apartment Building with Pool
    6-Unit Apartment Building with Pool

    629 S Thornhill Rd, Palm Springs, CA 92264

    Contact for pricing
    0.34 AC lot

    Fully leased apartment property with gated access, designated off-street parking, and a swimming pool.

    View details
    Based on your search, we've compiled 77 Potential Opportunities for your consideration. Besides 12 Active listings in Palm Springs, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 60 Off-Market properties to explore as potential leads, plus 1 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.

    12-Unit Renovated Apartment Community
    12-Unit Renovated Apartment Community

    37250 Bankside Drive Cathedral City CA 92234, Cathedral City, CA 92234

    $1,800,000
    6,680 sqft

    Single-story residences include a gated courtyard pool, central HVAC, laundry facilities, and open parking in Cathedral City.

    View details
    Commercial
    Commercial

    27700 Avenida Terrazo, Cathedral City, CA 92234

    $1,200,000
    4,200 sqft 19.73 AC lot

    Apartment buildings · 4,200 SF

    View details
    Remodeled 5-Unit Income Property
    Remodeled 5-Unit Income Property

    67780 Arena Blanca Rd, Desert Hot Springs, CA 92240

    $1,300,000

    Recently remodeled 4-plex plus studio is rented long term as separate units on two lots.

    View details
    5-Unit Apartment Building
    5-Unit Apartment Building

    66185 Acoma Ave, Desert Hot Springs, CA 92240

    $695,000

    Mixed unit configuration with one two-bedroom residence and four one-bedroom residences.

    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

    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

    $825,000
    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

    $745,000
    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

    $2,370,000
    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

    $140,000
    Estimated value
    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

    $255,000
    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

    $330,000
    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

    $675,000
    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

    $620,000
    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

    $860,000
    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

    $1,370,000
    Estimated value
    4,360 sqft 0.30 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 12 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 $30,131,800.

    Sale prices for two-family homes in Palm Springs, CA start at $870,000, averaging $2,739,254, and reaching up to $7,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    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 $2.4M
    92264 $3M

    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.

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    Most Searched ZIP Codes in Palm Springs, CA

    • 92264
    • 92262

    Featured Palm Springs Real Estate Agencies

    Realmo connects you with licensed Palm Springs CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    HomeSmart Professionals
    431 S. Palm Canyon Drive Palm Springs, CA 92262
    Phone: 17608447500
    www.HSprofessionals.com

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