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.
Property Details
Price:
$3,895,000
MLS #:
26669731PS
Status:
Active
Beds:
26
Baths:
26
Type:
Single Family
Neighborhood:
334southendpalmsprings
Listed Date:
Mar 25, 2026
Finished Sq Ft:
16,600
Total Sq Ft:
16,600
Lot Size:
53,143 sqft / 1.22 acres (approx)
Year Built:
1976
See this Listing
Schools
Interior
Appliances
DW, RF
Cooling
CA
Flooring
TILE
Heating
CF
Interior Features
CF
Laundry Features
CM, IR
Levels
A
Exterior
Common Walls
NCW
Construction Materials
STC
Direction Faces
W
Garage Spaces
2
Parking Spots
22
Parking Total
22
Patio And Porch Features
CON
Roof
FOM
Spa Features
IG
View
MT, PL
Financial
Map
Community
- Address1850 S Camino Real Palm Springs CA
- CityPalm Springs
- CountyRiverside
- Zip Code92264
Subdivisions in Palm Springs
- 43 @ Racquet Club 33139
- Alta 33401
- Andreas Hills
- Biarritz
- Biltmore
- Biltmore 33409
- Biltmore Colony 33410
- Caballeros Estates
- Caballeros Estates 33208
- Cahuilla Hills
- Camino Del Sol
- Canyon C.C. Estados
- Canyon Colony West
- Canyon Estates
- Canyon Granada 33420
- Canyon Heights
- Canyon Sands
- Canyon View Condos
- Canyon Vista Estates
- Canyon West Estates
- Casa Canyon
- Casa De Oro
- Casa Verde 33211
- Cathedral Canyon Country Club
- Center Court
- Central Palm Springs
- Central Palm Springs 33215
- Chino Canyon
- Coco Cabana
- Deauville
- Deepwell
- Demuth Park
- Demuth Park 33443
- Desert Highland Gateway
- Desert Palm Villas
- Desert Park Estates
- Desert Park Estates 33103
- Desert Sun Resort
- Diplomat
- El Dorado Palm Springs 33447
- El Mirador
- El Rancho Vista Estates
- Escena
- Escena 33274
- Estancias at South Canyon 33450
- Fairways
- Fairways 33451
- Firebird
- Flora Vista
- Four Seasons
- Four Seasons 33106
- Gateway Highlands 33107
- Hermosa Villas
- Indian Canyon Gardens
- Indian Canyon Villas 33109
- Indian Canyons
- La Palme
- Lantana Lodge 33231
- Las Palmas Heights
- Little Tuscany
- Los Compadres
- Los Compadres 33459
- Luminaire
- Mesquite Country Club 33465
- Mountain Gate
- Mountain Gate PS 33110
- Mountain Shadow North
- Mountain Shadows PS 33468
- Movie Colony
- Movie Colony East
- Movie Colony East 33248
- Ocotillo Lodge
- Old Las Palmas
- Palermo
- Palm Canyon Villas 33473
- Palm Sp Villas I
- Palm Sp Villas II
- Palm Springs C.C. 33113
- Palm Springs Country Club
- Palm Springs Golf &
- Palm Springs Golf & Tennis
- Palm Springs Villas I 33115
- Palm Springs Villas II 33114
- Park Escoba
- Park Imperial South 33481
- Plaza Villas
- Plaza Villas 33239
- Pueblo Sands
- Quail Point
- Racquet Club East
- Racquet Club East 33122
- Racquet Club West
- Ramon Estados
- Ranch Club Estados
- Rancho El Mirador 33245
- Rancho La Paz 33487
- Riviera Gardens
- Rose Garden 33247
- Saddlerock Estate
- Safari Park
- Safari Park 33493
- Sahara Park
- San Jacinto Cove 33126
- Sandstone Villas
- Seven Lakes C.C.
- Smoketree Racquet Cl
- Sol
- Sommerset Springs 33526
- St. Tropez Villas 33252
- Summerset Springs
- Sun Villas
- Sundial Condos
- Sunflower
- Sunrise Alejo
- Sunrise East
- Sunrise Palms
- Sunrise Park
- Sunrise Villas
- Tahquitz Creek Golf
- Tahquitz Creek Golf Course 33508
- Tahquitz Creek Villas
- Tahquitz River Estat
- Tahquitz River Estates
- Tahquitz River Estates 33510
- Terra Vita
- The Cove
- The Cove 33133
- The Mesa
- The Mesa 33463
- The Morrison
- The Que at Vibe
- Twin Springs
- Victoria Park 33134
- Victoria Park/Vista Norte
- Villa Alejo 33266
- Villa Caballeros
- Vintage Palms
- Vista Canyon
- Vista Las Palmas
- Warm Sands
- Waverly Park
- Waverly Park 33521
Market Summary
Current real estate data for Single Family in Palm Springs as of Apr 06, 2026
805
Single Family Listed
100
Avg DOM
426
Avg $ / SqFt
$1,042,846
Avg List Price
Property Summary
- 1850 S Camino Real Palm Springs CA is a Single Family for sale in Palm Springs, CA, 92264. It is listed for $3,895,000 and features 26 beds, 26 baths, and has approximately 16,600 square feet of living space, and was originally constructed in 1976. The current price per square foot is $235. The average price per square foot for Single Family listings in Palm Springs is $426. The average listing price for Single Family in Palm Springs is $1,042,846.
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1850 S Camino Real
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