USACAPalm Springs1850 S Camino Real
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$3,895,000

For Sale

16 hours ago

1850 S Camino Real, Palm Springs, CA

MLS® 26669731PS

26 Bed

26 Bath

16600 sqft

22 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 16600 sqft
Garage Yes
HOA Fees 
Taxes 
Days Active 0
Approx. Age 1976
Avg. Price Per Sqft $234
MLS® Number 26669731PS

Property Address: 1850 S Camino Real, Palm Springs, CA, 92264

Average square foot calculated using Size range provided by listing agent.

Description

A rare multifamily offering in one of Palm Springs' most sought-after locations, delivering 13 single-level units across three well-positioned structures. The unit mix is anchored by eleven oversized 2-bedroom, 2-bath residences averaging approximately 1, 200 sq ft, complemented by two exceptional premium units spanning roughly 1, 700 sq ft each featuring 2 bedrooms, 2 bathrooms, a den, expansive primary suites with oversized walk-in closets, and direct-entry 1-car garages with laundry hookups. Many units open onto a central pool/spa with tremendous mountain views and the rest open onto expansive central lawns. The asset has demonstrated consistent income growth, increasing from $265, 440 in 2023 to $301, 629 in 2025, with continued upward momentum into 2026. Current operations reflect elevated expenses of approximately 48%, presenting a clear and immediate opportunity to streamline to a more typical 35-40% range. Based on current averaged expenses and 2026 rent actuals the offering presents at an approximate 4.5% cap rate, with additional upside driven by both operational efficiencies and the underutilized premium unit mix. DO NOT ACCESS ANY PORTION OF THE PROPERTY WITHOUT LISTING AGENT PRESENT. DO NOT ENGAGE WITH TENANTS. 22 off-street parking spots and owned laundry facilities.
MLS® Number26669731PS
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelCommon Area, Laundry Room
Exposure
Exterior
GarageYes
Approx. Age1976
Stories1
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 25, 2026List Date
$3,895,000List Price
  • Commute

Commute

Starting Address
Destination Address
1850 S Camino Real, Palm Springs, CA

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