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$3,895,000

  • For Sale
  • Active
  • Multi-Family
  • 26 Total Beds
  • 2 Car Garage
  • Updated 10 days ago
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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.

Full Property Details for 1850 S Camino Real

General

  • Price: $3,895,000
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 26669731PS
  • Updated: 3/25/2026
  • Added to Site: 11 day(s) ago

Interior

  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 26

Bedrooms

  • Total Bedrooms: 26

Other Rooms

  • Laundry: Room, Community

Additional Information

  • Shared Amenities: Pool, Spa
  • Pool: Yes
  • Pool Description: Community, Heated And Filtered
  • Spa: Yes
  • Spa Description: In-Ground, Heated with Gas
  • Other Features: None

Exterior

  • Deck/Patio: Concrete Slab

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Garage Description: Uncovered

Location

  • Area: Palm Springs South End
  • County: Riverside
  • Cross Streets: S Camino Real and E Palm Canyon
  • Driving Directions: From E Palm Canyon turn right on S Camino Real. The property will be on your left. DO NOT access any part of the property, any part of the grounds, or engage with tenants without first contacting listing agent.
  • Direction Faces: West

Community

  • Pet Restrictions: Pets Permitted

Heating & Cooling

  • Cooling Type: Central
  • Heating Type: Central

Utilities

  • Sewer: In Connected and Paid
  • Water: District
  • # Gas Meters: 13
  • # Electric Meters: 13

Structural Information

  • # Buildings: 2
  • Architectural Style: Contemporary Mediterranean
  • Exterior Const.: Stucco
  • Basement Desc.: Slab
  • Foundation: Slab
  • Roof: Clay, Foam
  • Common Walls: Detached/No Common Walls
  • Entry Floor Number: 1
  • Entry Location: Ground Level - no steps
  • Stories/Levels: 1
  • Square Feet: 16,600
  • Sq. Ft. Source: Owner
  • Year Built: 1976
  • Year Built Source: Vendor Enhanced
  • Other Struct. Feat.: Sliding Glass Doors, Slab

Unit Information

  • Units in Complex: 13
  • Unit Type: 2106, 2107

Unit 1

  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 2

  • Total Bathrooms: 2
  • Bedrooms: 2

Additional Structures

  • Other Structures: None

Lot Features

  • Property View: Pool, Tree Top, Mountains
  • Lot Size (Acres): 1.22
  • Lot Size: 53143
  • Lot Size Source: Vendor Enhanced
  • Lot Features: Corner Lot
  • Zoning: R2
  • Lot Description: Corners Established, Curbs, Landscaped, Sidewalks

Financial Considerations

  • Price Per Sq. Ft.: $234.64
  • Price Per Unit: 299615
  • Assessment Year: 1976
  • Tenant Pays: Electricity, Water, Gas

Disclosures and Reports

  • Disclosures/Reports: None
  • APN: 511-052-008

Listed by Compass, James Gault

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Listing agent

— 1850 S Camino Real —

  • James Gault

    Compass

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1850 S Camino Real

School District:Palm Springs Unified School District
NameGradesDistance
Cahuilla Elementary School
833 East Mesquite Avenue, Palm Springs, CA 92264
K-50.7 mi
Raymond Cree Middle School
1011 East Vista Chino, Palm Springs, CA 92262
6-83.1 mi
Palm Springs High School
2401 East Baristo Road, Palm Springs, CA 92262
9-121.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1850 S Camino Real Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/25/2026
Listed
$3,895,000
77.05%
MLS
12/10/2015
Sold
$2,200,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1850 S Camino Real

Year
Property Taxes
Change
Tax Assessment
Change
2025
$33,816
-2%
$2,608,206
2%
2024
$34,646
-2%
$2,557,141
2%
2023
$35,255
—
$2,507,379
2%
2022
$35,294
2%
$2,458,077
2%
2021
$34,663
4%
$2,406,019
1%
2020
$33,216
2%
$2,381,349
2%
2019
$32,693
2%
$2,334,657
2%
2018
$32,108
1%
$2,288,880
2%
2017
$31,670
46%
$2,244,000
53%
2016
$21,751
5%
$1,471,270
2%
2015
$20,751
2%
$1,449,172
2%
2014
$20,275
—
$1,420,786
—
2013
$20,213
—
$1,414,367
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Compass, James Gault

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1850 S Camino Real, Palm Springs, CA 92264 (MLS# 26669731PS) is a Multi-Family property with units containing 26 bedrooms and 0 full bathrooms. 1850 S Camino Real is currently listed for $3,895,000 and was received on March 25, 2026. Want to learn more about 1850 S Camino Real? Do you have questions about finding other Multi-Family real estate for sale in Palm Springs? You can browse all Palm Springs real estate or contact a Coldwell Banker agent to request more information.

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