Welcome to your dream 4-plex in the heart of South Palm Springs, completely renovated with meticulous attention to detail. This sunlit oasis boasts owned solar panels for sustainable living and significantly lower electric costs, along with a brand-new, shimmering pool to cool off on sunny days. Inside, you'll find modern luxury at every turn, with new appliances, quartz countertops, in-unit washers and dryers, and ample off-street parking for your convenience. Enjoy the added benefit of being within walking distance to downtown, making dining, shopping, and entertainment easily accessible. Outdoor enthusiasts will appreciate the proximity to hiking trails, offering the opportunity to explore the area's natural beauty. Whether you're looking for a reliable rental income stream or a versatile multi-generational residence, this property caters to both. The units include (1) 2bd/2ba, (1) 2bd/1ba, and (2) 1bd/1ba.
This property boasts an unbeatable location! Opportunities to own a four-plex in the highly sought-after Historic Tennis Club area are rare. Just a short stroll from the restaurants and vibrant atmosphere of downtown Palm Springs, this property is a prime investment. Surrounded by multi-million dollar properties and with more developments on the horizon, the potential for this building is immense, making it highly attractive to astute investors. One unit has been completely renovated, and the others have seen various updates. The upstairs unit offers breathtaking mountain views from its private covered patio. The landscaped courtyard features a soothing spa, providing tenants with a perfect spot to unwind and socialize. This property truly has it all: location, location, location! Are you ready to add this exceptional asset to your portfolio?
Excellent income opportunity. Some units have been updated to offer modern amenities while maintaining classic charm. One of the units include features such as new flooring, updated kitchens, and contemporary fixtures, ensuring a comfortable and appealing living environment for tenants. Located in a desirable area of Palm Springs, this property benefits from the city's vibrant atmosphere and convenient amenities. It is close to schools, shopping, and dining options, making it attractive to potential renters. Additionally, the property has been designed with practicality in mind, offering features like ample parking and easy access to major routes. All four units are rented out. One unit is at fair market value and the other three have room to go up.
Built in 1936, this 4 unit building is located in south Palm Springs in the Warm Sands Neighborhood, near downtown Palm Springs. Main unit is 2 bedroom and 1 bath. Two units are 1 bedroom 1 bath. And Fourth unit is a studio. Long term tenants in place all MtM.
Welcome To The Alexander Hotel. This boutique mid century modern hotel has a full set of approved plans for a 10 bedroom hotel in the heart of Uptown Palm Springs. This flagship property is one of the first iconic original hotels seen by visitors as the enter into the uptown district. Formerly known as The Pool House, this 7,500 sq ft building has a hotel and a restaurant with separate meter. The income possibilities are endless. The bar area by the pool makes the outdoor entertaining potentials countless. All of the bedrooms are huge with space for kitchenettes. The main building offers a large lobby, living, kitchen and dining area that makes this hotel feel like a giant luxury estate where friends, parties and large groups can comfortably gather and entertain. Restaurant still has grease trap, hood and walk in refrigerator area. Plans are fully approved. This is a shovel ready project.
Exceptional investment opportunity in the heart of Palm Springs - walking distance to downtown. Two neighboring (4) Four-unit Apartment Buildings being offered individually for sale, providing stable income and future value-add opportunity -- buy one or buy them both for increased ROI. Each building (4-plex) offers Four sizable 2-bedroom/2-bath apartments, each with private patios, its own washer/dryer and enclosed 1-car garage. Upstairs units have amazing mountain views! Building is 4,372 SF on a 7,841 SF lot. The community is comprised of Four Buildings (each a 4-plex) with a shared pool. Landscape and pool maintenance expenses are shared between the 4 buildings. Currently 100% occupied with great historic occupancy rates. Some rents are currently below market and the new owner would have the opportunity to increase the NOI, as rental rates have increased significantly over the last 36 months. This is a great opportunity to purchase a fully leased, income producing asset in the VERY HOT Palm Springs market. Palm Springs and the Coachella Valley are experiencing a period of massive growth - don't miss out! Reach out to Listing Agent for more information. Please do not disturb the tenants.
Exceptional investment opportunity in the heart of Palm Springs - walking distance to downtown. Two neighboring (4) Four-unit Apartment Buildings being offered individually for sale, providing stable income and future value-add opportunity -- buy one or buy them both for increased ROI. Each building (4-plex) offers Four sizable 2-bedroom/2-bath apartments, each with private patios, its own washer/dryer and enclosed 1-car garage. Upstairs units have amazing mountain views! Building is 4,048 SF on a 9,583 SF lot. The community is comprised of Four Buildings (each a 4-plex) with a shared pool. Landscape and pool maintenance expenses are shared between the 4 buildings. Currently 100% occupied with great historic occupancy rates. Some rents are currently below market and the new owner would have the opportunity to increase the NOI, as rental rates have increased significantly over the last 36 months. This is a great opportunity to purchase a fully leased, income producing asset in the VERY HOT Palm Springs market. Palm Springs and the Coachella Valley are experiencing a period of massive growth - don't miss out! Reach out to Listing Agent for more information. Please do not disturb the tenants.
Martinez and Associates, as the exclusive listing agent, is pleased to offer for sale the fee simple interest in Cottonwood Apartments, a 10-unit multifamily community located in Palm Springs, California. Originally constructed in 1963, the property consists of eight one bedroom units, one two bedroom unit, and one three bedroom unit. Each unit has its own private patio and yard. Cottonwood is ideally situated just steps from uptown Palm Springs, which has seen a renaissance in recent years.
This is the building for you if you’re looking for a good return with low hassle. The building and parking area are in excellent condition with almost no common area to maintain and minimal exterior lighting. Location in DeMuth Park West which is a quiet neighborhood in central Palm Springs. Demuth Park sits on the south side of the neighborhood, giving the locals a 61-acre public green space full of sports fields, tennis courts, and playgrounds. Residents also enjoy easy access to many of Palm Springs’ legendary golf courses such as Mesquite Golf Club and Tahquitz Creek Golf Resort. The community’s location just south of Palm Springs International Airport is perfect for traveling professionals and airport employees. Financial information provided is from 2023 directly from the property manager income statement. Water, trash, sewer, and insurance numbers are from 2022. Property taxes not included in CAP rate calculations.
Attention, savvy investors and 1031 exchange enthusiasts! Welcome to 243 Avenida Ortega, a prime investment opportunity in the heart of South Palm Springs. This fourplex offers a rare chance to capitalize on the Palm Springs market while enjoying the beauty of the desert.Nestled against the backdrop of majestic mountains, this property boasts breathtaking mountain views that will leave you in awe. Each unit has been thoughtfully updated to provide a harmonious blend of comfort and style, making it an attractive prospect for investors looking to generate rental income.The location couldn't be more ideal for investors seeking to diversify their portfolio or execute a 1031 exchange. You'll find yourself just moments away from Palm Springs' renowned dining, shopping, and entertainment options.Don't miss this golden opportunity to own a piece of Palm Springs paradise and achieve your investment goals. Contact us today to schedule a viewing and explore the potential this unique fourplex offers
The Dots Apartments was completely renovated and is in excellent condition offering the new owner a turnkey, low-maintenance asset with immediate cash flow. The properties highly desirable unit mix consist of all two-bedroom one-bathroom units with private patios/backyards. Tenants enjoy open floor plans, large double-pane windows, and high-quality vinyl plank flooring. Each unit includes a stacked washer and dryer. Units are separately metered for electricity and gas. There are over 10% upside rents through annual rent increases. The Dots Apartments displays a sought after, modern atmosphere and consists of one single story building constructed of wood frame, stucco exteriors, and concrete slab foundation atop of .23 acres of land. The exterior has been enhanced with new paint, new windows, new landscaping, new lighting, and new asphalt. Additionally, the prime location provides easy access to Palm Springs' renowned dining, entertainment, and cultural hotspots.
PALM SPRINGS HOTEL: Extremely rare Palm Springs hotel opportunity with a total of 25 bedrooms - 12 units each with their own Kitchen and Laundry. Manager's Office/Lobby, community bathroom and 3 cabana locations. Eleven units are 2 bedroom and 2 bath and one is a 3/3 Penthouse. Situated in the highly desirable neighborhood connecting Central and South Palm Springs next to the recently completed Cody Place, where units sell over $1M. Just a block east of South Palm Canyon Drive, the location offers easy access to shopping, dining, entertainment, and medical facilities near historic Downtown Palm Springs. Featuring gated controlled access, ample parking, a luxurious pool and spa, koi pond, private patio/BBQ area, and an open courtyard, the property provides a perfect blend of comfort and entertainment. Modern amenities such as keyless entry, plank and carpet flooring, stainless steel appliances, and central air conditioning enhance the living experience. Besides as a hotel, there is also an ability to condo map the building and sell off as condos at a later date for a significant return. Whether you're a first-time purchaser, seasoned investor, or considering a 1031 exchange, 588 E San Lorenzo Road stands as a prime income-producing investment in the thriving Palm Springs real estate market. Current loan is assumable at rate of 4.75%.
Fantastic location coupled with a wonderful opportunity to add value and turn around this 6-unit apartment building and increase cash flow and equity. The building has consistent rental income and is located west of Palm Canyon Drive and close to downtown. The property has excellent potential for redevelopment. Buyers to confirm with the city regarding zoning and development potential. All information is not guaranteed. Buyers to perform due diligence. Drive by only - Do not disturb tenants or walk the property without permission.
Courtesy: Oak View Realty
Courtesy: Socalhomeshop Inc.
Palm Springs is located in California. Palm Springs, California has a population of 47,140. Palm Springs is less family-centric than the surrounding county with 15.64% of the households containing married families with children. The county average for households married with children is 36.51%.
The median household income in Palm Springs, California is $48,126. The median household income for the surrounding county is $60,807 compared to the national median of $57,652. The median age of people living in Palm Springs is 54.1 years.
The average high temperature in July is 107.8 degrees, with an average low temperature in January of 45.6 degrees. The average rainfall is approximately 9.8 inches per year, with 0 inches of snow per year.
