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  • 1850 S Camino Real

1850 S Camino Real, Palm Springs, CA 92264

$3,895,000 Approx. USD 26 beds, 26 baths
16,600 sqft
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Photo of Dennis Kamrany

Dennis Kamrany REALTOR® - Sales Associate 310-699-7010 m
Lic#: 01933492
NRDS ID: 175525183
denniskamrany@gmail.com Text Me
Call My Cell
Lic#: 01933492
NRDS ID: 175525183
denniskamrany@gmail.com Santa Monica Office
3130 Wilshire Blvd, Suite 100
Santa Monica, CA 90403
Phone: 310-829-0629
Fax: 310-829-7541
 Santa Monica 3130 Wilshire Blvd, Suite 100
Santa Monica, CA 90403
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Fax: 310-829-7541
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Listing Agent


James Gault | james@ps760.com
Lic#: 01985784
Broker: Courtesy of Compass
Phone: 760-350-9253

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
Price: $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

 Days On Market (DOM): 87

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

Lat/Long: 33.798601, -116.538715.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Dennis Kamrany

Dennis Kamrany REALTOR® - Sales Associate 310-699-7010 m
Lic#: 01933492
NRDS ID: 175525183
denniskamrany@gmail.com Text Me
Call My Cell
Lic#: 01933492
NRDS ID: 175525183
denniskamrany@gmail.com
Santa Monica Office
3130 Wilshire Blvd, Suite 100
Santa Monica, CA 90403
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