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1850 S Camino Real Palm Springs, CA 92264
$3,895,000 26 beds, 26 baths
16, 600 sqft
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Iliana Tsai REALTORĀ® - Sales Associate 714-272-9632 m
949-794-5795 o
Lic#: 02137167
NRDS ID: 205577433
IlianaTsai@bhhscal.com
Text Me
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Lic#: 02137167
NRDS ID: 205577433
IlianaTsai@bhhscal.com
Newport Beach Office
23 Corporate Plaza, Suite 100
Newport Beach, CA 92660
Phone: 949-644-6200
Fax: 949-640-7429
Newport Beach 23 Corporate Plaza, Suite 100
Newport Beach, CA 92660
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Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26669731PS
List price is $3,895,000
Beds: 26
Baths: 26
Den,Kitchen,Living Room,Outside fireplaces
Built in 1976
16,600 sqft
1 story
1.22 acres
Lot size: 1.2200
County: Riverside
Zoning: R2
Construction: Stucco
Interior features: Ceiling Fan(s)
Appliances: Dishwasher,Refrigerator
Parking description: Uncovered
Lot description: Corners Marked,Landscaped
Heating/cooling: Central Air
Heating description: Central
MLS area: 334 - South End Palm Springs

Last Updated: 4/2/2026

 Find more Palm Springs homes and real estate

 Find more homes in 92264 zip code

This listing belongs to the 334 - South End Palm Springs MLS area

Lat/Long: 33.798601, -116.538715.
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Listing Agent: James Gault
Lic#: 02137167
Office Name: Newport Beach

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

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Iliana Tsai REALTORĀ® - Sales Associate 714-272-9632 m
949-794-5795 o
Lic#: 02137167
NRDS ID: 205577433
IlianaTsai@bhhscal.com
Text Me
Call My Cell
Call My Office
Lic#: 02137167
NRDS ID: 205577433
IlianaTsai@bhhscal.com

Newport Beach Office
23 Corporate Plaza, Suite 100
Newport Beach, CA 92660
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