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This beautifully maintained mid-century 7-unit property sits in the heart of Palm Springs. Each spacious unit offers 2 bedrooms and 1.25 baths, complete with private patios and off-street parking. A central courtyard pool offers stunning mountain views and a classic Palm Springs vibe. All units feature individual rooftop HVAC package units, with tenants covering their own heating and cooling costs. There's also an 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. With stable, long-term tenants and strong rental upside, this property is a solid investment in a high-demand area. Just minutes from downtown shops, the weekend Farmer's Market, and the upcoming College of the Desert campus (opening 2027). One unit is currently owner-occupied and can be delivered vacant. Pro forma income: approx. $14,700/month or $176,400 annually. Current monthly rent with $0 for owner's unit is $7225. 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 | 4/2/2025 | 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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