Central Palm Springs (332) Homes with Apartment Subtype

Welcome to Central Palm Springs, a vibrant and inviting region nestled in the heart of Riverside County, California. Known for its stunning desert landscapes, luxurious amenities, and a rich cultural scene, Central Palm Springs offers an exceptional lifestyle that appeals to both residents and visitors alike.

The area is renowned for its iconic mid-century modern architecture, with homes that showcase clean lines, large windows, and open spaces that seamlessly blend indoor and outdoor living. Central Palm Springs is perfect for those seeking a unique residence with an apartment subtype, providing an excellent opportunity for rental income or accommodating guests. These homes often feature spacious layouts, modern amenities, and picturesque views of the surrounding mountains, making them an ideal choice for anyone looking to enjoy the quintessential Palm Springs lifestyle.

Residents can indulge in a variety of recreational activities, from hiking in the nearby San Jacinto Mountains to exploring the vibrant downtown area filled with boutique shops, art galleries, and world-class dining options. The community fosters a sense of connection, with numerous events throughout the year, including the famous Palm Springs International Film Festival and the lively Palm Springs Pride celebration.

With its warm climate, stunning scenery, and a welcoming atmosphere, Central Palm Springs is not just a place to live; it’s a lifestyle. Whether you’re looking for a primary residence or a vacation getaway, homes in this area with apartment subtypes offer the perfect blend of comfort, convenience, and charm. Discover your dream home in Central Palm Springs today!

Newest Central Palm Springs (332) Homes with Apartment Subtype

$3,500,000

PW26156366 MLS ⋅ Active Status

We are pleased to present Sunset Palms Apartments, a well-maintained 24-unit apartment community located in Palm Springs, CA. The property offers an attractive unit mix consisting of spacious studios, one-bedroom, and two-bedroom units across three side-by-side individual parcels. Most units have been extensively upgraded with wood-look porcelain tile flooring, upgraded kitchens and bathrooms, stainless steel sinks, and new dual pane windows and sliding glass doors. Community amenities feature two sparkling swimming pools within gated courtyards, new ductless mini split air heating and air conditioning systems, and ample open parking. Sunset Palms offers an exceptional value-add investment opportunity with approximately 28% upside in rental income. The property is currently generating a 5.5% cap rate on in-place rents, with the potential to achieve an 8.2% cap rate as rents are brought to market, providing investors with a clear path to increased cash flow and long-term appreciation.

1433 1455 N Indian Canyon Drive, Palm Springs

$799,000

CV26070291 MLS ⋅ Active Status

We are pleased to present the opportunity to acquire 3737 E Calle De Carlos, a five-unit multifamily investment property located in the Demuth Park submarket of Palm Springs, California. Offered at $799,000, the property presents a unique value-add opportunity with four of the five units currently vacant, providing a new owner with immediate flexibility to execute their preferred investment strategy. Investors may elect to lease the available units in their current configuration, renovate and reposition the interiors, or explore converting the large studio floor plans into one-bedroom units to further enhance rental income and long-term value. Built in 1967, the property consists of approximately 3,625 square feet of rentable living area situated on an approximately 0.23-acre lot. The unit mix consists of five large studio / one-bathroom units averaging approximately 725 square feet, each featuring an open floor plan and private rear patio. Additional features include open parking and an on-site laundry room. The all-electric property is individually metered for electricity, while ownership pays water, sewer, and trash.At the current asking price, leasing the vacant units at market rents in their existing studio configuration results in a projected stabilized cap rate of approximately 6.74%, providing an attractive return without requiring substantial repositioning. For investors seeking additional upside, the combination of large floor plans, private patios, and four available units creates an opportunity to renovate and reposition the interiors or explore one-bedroom conversions, subject to buyer verification. Located in an established Palm Springs residential neighborhood, the property benefits from convenient proximity to Palm Springs International Airport, Palm Springs High School, and the retail, dining, and entertainment amenities of Downtown Palm Springs. Overall, 3737 E Calle De Carlos presents a compelling value-add opportunity with multiple paths to increased income and long-term value. With four units available for immediate repositioning, a new owner has the flexibility to lease the studios at market rents, renovate and enhance the existing units, or explore converting the large studio floor plans into one-bedroom units. The offering combines a clear path to stabilization with multiple opportunities to enhance income and create long-term value.

3737 E Calle De Carlos, Palm Springs

$1,275,000

CV26045872 MLS ⋅ Active Status

Baristo Apartments is a 7-unit multifamily investment property located at 1900 E Baristo Road in Palm Springs, California. Situated on a corner lot at the intersection of Baristo Road and S. Saturmino Drive, the property is located within the desirable Sunrise Park submarket of Palm Springs. Built in 1970, the property consists of approximately 5,231 square feet of rentable building area situated on a 11,761 square foot R-2 zoned lot. The unit mix includes one studio, five one-bedroom / one-bathroom units, and one three-bedroom / two-and-a-half-bathroom unit. The property offers 7 open parking spaces, a community pool and a shared laundry room. Units 1 and 6 feature individual in-unit washer and dryer hookups. The property benefits from its proximity to Palm Springs High School, the public library, downtown Palm Springs retail and Dining, and Palm Springs International Airport. The surrounding area is characterized by established residential neighborhoods, strong year-round rental demand, and Palm Springs’ continued appeal as a resort destination and short-term rental market (subject to local regulations). The corner lot positioning provides added visibility, access, and overall curb appeal. 1900 E Baristo Road presents investors with the opportunity to acquire a well-located, income-producing asset within one of Southern California’s most established resort markets. Please do not Disturb Tenants, Walk and/or Talk to Anyone at the Property. For Further Information, Please Contact the Listing Agents.

1900 E Baristo Road, Palm Springs

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.