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Palm Springs 7-Unit Apartment Complex
For Sale
$1,688,000

238 S Saturmino, Palm Springs, CA 92262

7-unit apartment complex in desirable Palm Springs location.

Property SizeContact for details
Days on Market106

Property Features for 238 S Saturmino

General Information

Standard status Active
Property subtype Commercial

Building Details

Year Built 1963
Listing Agency: Realty Masters & Associates
Listed By: Michelle Bagi · License #02112864
Source: Elliman
Added: Apr 24 Changed: Jul 10 Last Checked: Aug 6 at 3:33AM

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 Realty Masters & Associates

Investment Insights

Based on property information with market context.

This 7-unit apartment complex is located in a desirable area of Palm Springs. The property is situated in a strong rental corridor near downtown amenities, shopping, dining, and major transportation routes. The location has a bike score of 80, indicating it is very bikeable. The walk score is 69, meaning it is somewhat walkable, and the transit score is 34, indicating some transit options are available. This property offers investors stable cash flow in one of the Coachella Valley’s most sought-after rental markets.

Key Highlights

  • Strong rental income potential in a highly desirable Palm Springs location.
  • Proximity to downtown amenities, shopping, and dining.
  • Convenient access to major transportation routes.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Repair Shop Grocery & Convenience Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair Storage Facility HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,006
Businesses Nearby

Demographics for 92262, CA

26,593
Population
19,940
Households
1.3
Avg Household Size
54
Median Age
42%
College-Educated
93%
High-School Grad
35.1 sq mi
ZIP Area
758
Density / Sq Mi
$70,514
Median Household Income
$42,940
Median Earnings
$1,420
Median Rent
$600,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - 7-unit apartment complex in desirable Palm Springs location.
Where is this apartment building located?
The property is located at 238 S Saturmino Palm Springs, CA.
What is the asking price?
The asking price for this property is $1,688,000.
What are key features of this property?
This property features: Strong rental income potential in a highly desirable Palm Springs location.; Proximity to downtown amenities, shopping, and dining.; Convenient access to major transportation routes.
More about this property
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