11-Unit Apartment
For Sale
$2,495,000
2080 S Camino Real, Palm Springs, CA 92264
Fully leased, single-story property with gated parking, a pool, and shared laundry amenities.
Property Size8,100 SF
Lot Size0.50 Acres
Price / SF$308.02
Days on Market50
Property Features for 2080 S Camino Real
General Information
Standard status
Active
Size
8,100 SF
Lot size
0.50 Acres
Property subtype
Investment
Occupancy
100%
Units
Unit Mix
1 x studio, 7 x 1BR, 2 x 2BR, 1 x 3BR
Multifamily Units
11
Amenities
private entrances
gated off-street parking
shared laundry facilities
mature landscaping
scenic mountain views
pool
Building Details
Year Built
1958
Stories
1
Units
11
Listed By:
Angelica Vitale · License #02074603
(760) 968-6037
Source:
Elliman
Added: Sep 18
Changed: Nov 2
Last Checked: Nov 4 at 11:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Angelica Vitale
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Investment Insights
Based on property information with market context.
Located at 2080 S Camino Real in Palm Springs, this single-story apartment property contains 11 units and approximately 8,100 square feet of living space on a half-acre lot. The unit mix includes 1 studio, 7 one-bedroom units, 2 two-bedroom units, and 1 three-bedroom unit. All units are fully leased.
Property features include private entrances, gated off-street parking, shared laundry, mature landscaping, mountain views, and a pool. Improvements include plumbing repairs, new windows and sliding doors, a new front entry gate, updated signage, refreshed landscaping and lighting, roof repairs, new pool fencing, and select new appliances. Built in 1958, the property is near downtown Palm Springs, shopping, dining, golf, resorts, and outdoor recreation. Walk Score is 47, Bike Score is 65, and Transit Score is 31.
Property features include private entrances, gated off-street parking, shared laundry, mature landscaping, mountain views, and a pool. Improvements include plumbing repairs, new windows and sliding doors, a new front entry gate, updated signage, refreshed landscaping and lighting, roof repairs, new pool fencing, and select new appliances. Built in 1958, the property is near downtown Palm Springs, shopping, dining, golf, resorts, and outdoor recreation. Walk Score is 47, Bike Score is 65, and Transit Score is 31.
Key Highlights
- 11 units with a mix of 1 studio, 7 one‑bedroom, 2 two‑bedroom, and 1 three‑bedroom units
- Approximately 8,100 square feet of living space on a half‑acre lot
- Fully leased, single‑story apartment property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,111
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,622,220
$2.6M
Cap Rate 7%
$1,873,014
$1.9M
Cap Rate 9%
$1,456,789
$1.5M
Market Conditions
NOI Build-Up for 8,100 SF
Gross rent
$243.0K $30.00/SF
− Vacancy
−$4.6K −$0.57/SF
EGI
$238.4K $29.43/SF
− OpEx
−$107.3K −$13.24/SF
NOI
$131.1K $16.19/SF
Area
Riverside County, CA
Vacancy
1.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,622,220
Cap Rate 7%
$1,873,014
Cap Rate 9%
$1,456,789
Alternative Uses
Best Use
Apartment 5plus
$1.87M
$1.64M – $2.19M
NOI $131,111 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.43M
$2.12M – $2.83M
NOI $169,864 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
11
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
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Business Placement
Demographics for 92264, CA
19,254
Population
17,518
Households
1.1
Avg Household Size
61
Median Age
48%
College-Educated
94%
High-School Grad
50.9 sq mi
ZIP Area
378
Density / Sq Mi
$75,246
Median Household Income
$46,756
Median Earnings
$1,581
Median Rent
$498,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased, single-story property with gated parking, a pool, and shared laundry amenities.
Where is this apartment building located?
The property is located at 2080 S Camino Real Palm Springs, CA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: 11 units with a mix of 1 studio, 7 one‑bedroom, 2 two‑bedroom, and 1 three‑bedroom units; Approximately 8,100 square feet of living space on a half‑acre lot; Fully leased, single‑story apartment property
