John E Burge

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1850 S Camino RealPalm Springs, CA 92264

Multi-Family · 26 Beds · 16,600 Sq. ft. | 1.22 Acres
$3,895,000 Active

1850 S Camino Real Overview

Time on Site:
96 days
Visits:
0

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.

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1850 S Camino Real Facts & Features

  • Type Multi-Family
  • Sq. ft. 16,600
  • Price/Sq.ft. $235
  • Lot 1.22 Acres

Details

General

Association/HOA

  • Association Amenities: Pool,Spa/Hot Tub
  • Association: No

Income/Expenses

  • Gross Income: 2500.0
  • Net Operating Income: 177053.0

Building Information

  • New Construction: No
  • Year Built: 1976

Location/Region

  • Country: US
  • County Or Parish: Riverside
  • MLS Area Major: 334 - South End Palm Springs
  • Postal City: PALM SPRINGS

Community/Development

  • Community Features: Pool

Rent/Lease Information

  • Land Lease: No
  • Tenant Pays: Electricity,Gas,Water

General Information

  • Parcel Number: 511052008
  • Property Type: Residential Income
  • Rent Control: Yes
  • Senior Community: No
  • Special Listing Conditions: Standard
  • Zoning: R2

Interior

Parking Information

  • Garage Spaces: 2.0
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 26
  • Bedrooms Total: 26

Building Interior

  • Building Area Total: 16600.0

General Information

  • Appliances: Dishwasher,Refrigerator
  • Common Walls: No Common Walls
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Entry Location: Ground Level - no steps
  • Fireplace Features: Den,Kitchen,Living Room,Outside
  • Fireplace: Yes
  • Flooring: Tile
  • Foundation Details: Slab
  • Interior Features: Ceiling Fan(s)
  • Laundry Features: Common Area,Laundry Room
  • Levels: One
  • Living Area: 16600.0
  • Spa Features: In Ground
  • Spa: Yes
  • Stories: 1
  • Stories Total: 1

Exterior

Parking Information

  • Parking Features: Uncovered
  • Parking Total: 22.0

Lot Information

  • Lot Features: Corners Marked,Landscaped
  • Lot Size Acres: 1.22
  • Lot Size Area: 53143.0
  • Lot Size Square Feet: 53143.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Construction Materials: Stucco
    • Direction Faces: West
    • Patio And Porch Features: Concrete
    • Property Attached: No
    • Roof: Foam

    General Information

    • Number Of Units Total: 13
    • Pool Features: Community,Association
    • Pool Private: No
    • Sewer: Sewer Tap Paid

    1850 S Camino Real Neighborhood

    Palm Springs, California, Community Guide | Bennion Deville Homes

    Nestled at the base of the San Jacinto Mountains, the beautiful desert resort city of Palm Springs, California, is an international destination for outdoor sport enthusiasts, Mid-Century architecture admirers, and fans of the glamour of Golden Era Hollywood. Palm Springs is located approximately 110 miles southeast of Los Angeles and 140 miles northeast of San Diego, making it an ideal distance for Southern California residents to escape for a quick getaway weekend or the perfect locale for a second home. Search Palm Springs homes for sale.

    About Palm Springs, California, Community Guide | Bennion Deville Homes

    Community

    92264 (PALM SPRINGS) Demographics

    59
    Median Age
    400
    Population Density (per sq. mile)
    51%
    College Educated
    $60,318
    Estimated Median Income
    7,506
    Estimated Total Home Owners
    3,772
    Estimated Total Renters
    67% / 33%
    Estimated Owner / Renter Divide
    2
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    1850 S Camino Real Monthly Cost

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    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    1850 S Camino Real Market Data

    Based on the last 30 days in this zip code

    $1,035,745
    Average List Price
    $567
    Average Price per Square Foot
    95
    Properties Sold
    86
    Average Days on Market
    864
    Properties for Sale
    Calculations provided by Reliance Network

    1850 S Camino Real History

    Date Event Value Agent
    3/25/2026Source: CRMLS Added to Database
    March 25, 2026
    Listing provided courtesy of CompassJames Gault- MLS# 26669731PSMLS ProviderContact Information: 760-350-9253
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