Central Palm Springs (332) Homes with Apartment Subtype

Welcome to Central Palm Springs, a vibrant gem nestled in the heart of Riverside County, California. Known for its stunning desert landscapes and a rich tapestry of culture, this area offers an enchanting blend of modern living and vintage charm. With the San Jacinto Mountains as a breathtaking backdrop, Central Palm Springs boasts a unique lifestyle that attracts residents and visitors alike.

One of the most appealing aspects of Central Palm Springs is its diverse housing options, particularly homes with apartment subtypes. These properties are perfect for those seeking flexibility and convenience, whether you're a first-time homebuyer, a seasoned investor, or someone looking for a vacation retreat. Homes with apartment subtypes often feature spacious layouts, allowing for multiple living arrangements under one roof. This can be a fantastic opportunity for extended families or those interested in generating rental income while enjoying the benefits of homeownership.

In addition to its appealing real estate options, Central Palm Springs is known for its vibrant arts scene, eclectic dining experiences, and year-round sunshine. Residents can indulge in a variety of outdoor activities, from hiking the scenic trails of the nearby mountains to lounging by the pool in the comfort of their homes. The area also hosts a plethora of events, including the famous Palm Springs International Film Festival and the lively Coachella Valley Music and Arts Festival.

Embrace the allure of Central Palm Springs, where every day feels like a vacation, and your dream home awaits. Whether you're drawn to its stunning architecture or the friendly community vibe, this region is sure to captivate your heart and inspire your next chapter.

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

$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.