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Beautifully maintained mid-century 7-unit property in the heart of Palm Springs. Each unit offers 2 bedrooms and 1.25 baths, private patios, and off-street parking. A central courtyard pool offers mountain views and a classic Palm Springs vibe. All units feature individual rooftop HVAC package units (tenants covering their own heating and cooling costs.) On-site, owned coin-operated laundry, and a total of 9 parking spaces. Six of the seven units have been recently updated, all while preserving original period details like jalousie windows. Minutes from downtown shops, the weekend Farmer's Market, and the upcoming College of the Desert campus (opening 2027). Two units will be delivered vacant. Pro forma income: approx. $14k/month or $168k annually. 7.29 CAP rate. Seller is a licensed Realtor. Buyer to participate in seller's 1031 Exchange at no expense to buyer. Interior Inspection with accepted offer only. Please drive by but do not walk on the property.
Property Type(s):
Residential Income
| Last Updated | 4/7/2025 | Tract | Central Palm Springs |
|---|---|---|---|
| Year Built | 1963 | Community | Central Palm Springs |
| County | Riverside |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AMENITIES | Pet Restrictions |
| AREA | Central Palm Springs |
| GARAGE | Assigned, Side by Side |
| HEAT | Central, Natural Gas |
| HOA DUES | 0 |
| LOT | 0.39 acre(s) |
| PARKING | Assigned,Side By Side |
| POOL | Yes |
| POOL DESCRIPTION | Community,In Ground |
| STORIES | 1 |
| SUBDIVISION | Central Palm Springs |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s) |
Location
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Listed with Coldwell Banker Realty
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