Palm Desert, CA Short term rental properties for sale

Updated: Oct 3, 2024

Palm Desert Condominium Package Deal

74380 El Camino #2, Palm Desert, CA 92260

$6,845,000

22,200 sqft 0.25 AC lot

Significant price reduction of $2,105,000 on the package deal.
Units priced well below market at $185,000 each, offering a potential upside of $65,000 per unit or $2,405,000 total.
Grandfathered status allows existing short‑term rentals (STRs) to continue operating without restrictions.
Pro Forma CAP rate of 14.35% with potential for long‑term rentals, short‑term Airbnb, or hotel project.
Prime location steps from El Paseo Drive, Palm Desert's premier shopping and dining district.

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Updated: Oct 3, 2024

Condominium Short-Term Rental Investment

2-74380 El Camino, Palm Desert, CA 92260

$6,845,000

37‑condominium package deal just steps from El Paseo Drive in Palm Desert’s shopping and dining district.
Condominium units priced at $185,000 per unit (package) with $2,105,000 listed price reduction.
Updated interiors/exteriors: 15 units with high‑end updates and 22 units in good condition with standard updates; fully condo‑mapped.
Grandfathered to allow existing short‑term rentals (STRs) to continue operating even if location or exceeding the 20% cap.
Seller option to sell units individually; active condos in the same community listed at $235,000–$250,000; most recent close at $250,000.

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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Palm Desert, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

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

Vacation Rental Home with Pool

58810 Barron Drive, Yucca Valley, CA 92284

$599,000

1,596 sqft 0.38 AC lot

Remodeled furnished desert home featuring a pool, spa, and mountain views, with established vacation rental history.

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High-Income Airbnb with Mountain Views

58810 Barron Dr, Yucca Valley, CA 92284

$798,000

Fully booked, remodeled 4-bedroom home with resort-style backyard.

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Remodeled Cottages Near Big Bear

528 Cottage Ln, Big Bear Lake, CA 92315

$749,000

0.12 AC lot

Four remodeled cottages near Big Bear Lake and Village.

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Big Bear Lake Turnkey Chalet

578 Conklin Rd, Big Bear Lake, CA 92315

$529,999

0.16 AC lot

Remodeled 3-bedroom chalet near lake, ski resorts, and village.

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Palm Desert, CA Short Term Rental Properties Market Trends and Statistics

Explore 2 short term rental properties for sale in Palm Desert, CA on our real estate platform. These investment opportunities span a total of 22,200 square feet of properties for sale, with an estimated market value of $6,845,000.

Sale prices for short term rental properties in Palm Desert, CA start at $6,845,000, averaging $6,845,000, and reaching up to $6,845,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
92211	$479K
92260	$6.8M

Neighborhood

Average Price

92211

$479K

92260

$6.8M