Central Palm Springs (332) Homes with Apartment Subtype

Welcome to Central Palm Springs, a vibrant oasis nestled in the heart of California's Riverside County. Known for its stunning desert landscapes, this charming area offers a unique blend of relaxation and adventure, making it a sought-after destination for both residents and visitors alike. Central Palm Springs is renowned for its mid-century modern architecture, picturesque palm-lined streets, and an array of outdoor activities, from hiking in the nearby San Jacinto Mountains to lounging by the pool at one of the many luxurious resorts.

In this lively neighborhood, you'll discover a diverse range of homes that cater to various lifestyles, particularly those with apartment subtypes. Whether you're seeking a cozy condo for weekend getaways or a spacious apartment for year-round living, Central Palm Springs has something to suit your needs. Many of these residences boast modern amenities, breathtaking views, and easy access to the area's vibrant dining and shopping scene.

As a resident, you'll enjoy the close-knit community feel, with friendly neighbors and a variety of local events that celebrate the unique culture of Palm Springs. From art festivals to farmers' markets, there’s always something happening just around the corner.

Living in Central Palm Springs means embracing a lifestyle filled with sunshine, outdoor adventures, and a rich tapestry of history and culture. With its beautiful homes and welcoming atmosphere, this region is truly a hidden gem waiting for you to call it home. Come explore the endless possibilities that await in Central Palm Springs!

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

$870,000

CV26070291 MLS ⋅ Active Status

We are pleased to present the opportunity to acquire a five-unit multifamily investment property located at 3737 E Calle De Carlos in Palm Springs, California. Located in the Demuth Park submarket, the offering presents a value-add opportunity for an investor seeking to reposition and stabilize an asset in an established Palm Springs rental market. One unit is currently occupied, providing a new owner with significant flexibility to implement their desired renovation strategy, lease available units at market rents, and establish a new rent roll as the asset is stabilized. Built in 1967, the five-unit building consists of approximately 3,800 square feet of rentable living area situated on an approximately 10,018-square-foot lot. The unit mix consists of five large ±700-square-foot studio floor plans featuring open layouts and private rear patios. Additional features include open parking and an on-site laundry room. Ownership pays water, sewer, and trash, while electricity is individually metered in this all-electric building. Each unit is equipped with wall-mounted air conditioning. Classic interior finishes provide a foundation for a new owner to implement their own renovation and design strategy.The asset is situated in a well-established residential area with convenient proximity to Palm Springs International Airport, Palm Springs High School, and the retail, dining, and entertainment amenities of Downtown Palm Springs. Its central location provides convenient access to major employment, transportation, and lifestyle destinations throughout the city. The offering provides a value-add investor with substantial flexibility to renovate, reposition, and establish a new rent roll at market rates, creating a clear path toward stabilization and improved operating performance.

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.