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Geoffrey Moore

120 W Arenas Road, Ste 7
Palm Springs, CA

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Palm Springs Income Properties

As a popular vacation destination, Palm Springs is an excellent place to buy a residential income property and make a little extra cash. Also known as non-owner occupied properties, these are homes for sale in Palm Springs that are meant to be bought for the purpose of renting, leasing, or reselling following an increase in the property's value. In the Palm Springs real estate market—as well as in nearby communities such as Palm Desert, Rancho Mirage, and Cathedral City—there are ample opportunities to earn a significant amount of money with a strong vacation rental market and a steady price appreciation of real estate.

Look below to find every residential income property currently on the market in the Palm Springs area. If you'd like to learn more about the benefits of income properties in Palm Springs, as well as the local rules and regulation, continue down the page.

Current Residential Income Properties For Sale in Palm Springs

All Listings $200,000 - $300,000 $300,000 - $400,000
$400,000 - $500,000 $500,000 - $600,000 $600,000 - $700,000
$700,000 - $800,000 $900,000 - $1,000,000 Over $1,000,000
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40890 Sandy Gale Ln, Palm Desert, CA - $8,772,000

Residential Income, Apartment Building
  • 2 Beds
  • 2 Baths
  • 47.7k SQFT
  • 213 DOM
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Pacifica Real Estate Services, Inc. Is Offering 51 Condominiums For Sale Within The 100-unit, Resort-style Royal Palms Community In Palm Desert, California. The Property Was Built In 1985 And Just Underwent A Major Common Area And Unit Renovation ...

Homes for Sale located at 350 E Palm Canyon Dr, in the city of Palm Springs, CA 92264

350 E Palm Canyon Dr, Palm Springs, CA - $4,500,000

Residential Income, Apartment Building
  • 30 Beds
  • 30 Baths
  • 52 DOM
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Premium South Palm Canyon Location Surrounded By Boutique Hotels And Restaurants, El Moro Villas Includes Two Parcels Totaling Just Under An Estimated 1.5 Acres Of Land Lot Size. Options Are Limitless For A New Buyer. The Property Historically U...

331 W Sunview Ave, Palm Springs, CA - $3,900,000

Residential Income, Apartment Building
  • 3 Beds
  • 2 Baths
  • 1,180 SQFT
  • 16 DOM
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Ideal For Real Estate Portfolio, This Is A Bulk Sale/purchase Of 14 Single Family Income Units For A 1031 Exchange; Buyers To Co-operate In A 1031 Exchange With Seller. Homes All Rented With Season 3bd/2ba Garage, Large Lots, All Rented. Cap Rate...

Palm Springs Real Estate - MLS # 18348888PS, Residential Income real estate for Sale in TENNIS CLUB, MLS Listings # 18348888PS

601 W Arenas Rd, Palm Springs, CA - $3,650,000

Residential Income, Apartment Building
  • 14 Beds
  • 14½ Baths
  • 291 DOM
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Designed By Herbert Burns, This Beautifully Maintained Mid-century Modern Resort In The Historic Tennis Club Neighborhood Is All About Location And Views. There Are 14 Individualized Rooms From A Standard Studio To A Two Bedroom Apartment With A S...

N/A, Palm Springs, CA - $2,500,000

Residential Income, Apartment Building
  • 8 Beds
  • 9 Baths
  • 632 DOM
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Class A Iconic Hotel (on Hotel Row) In The Famous Tennis Club. Property Is Surrounded By Multi-million Dollar Hotels & Resorts And This Is One Of The Best Inns In Palm Springs! Created In The Spirit Of The "old West" The Heritage Of Palm Springs A...

888 N Indian Canyon Dr, Palm Springs, CA - $2,099,500

Residential Income, Apartment Building
  • 5,000 SQFT
  • 174 DOM
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Turn-key Boutique Hotel In Central Palm Springs - Movie Colony Within Easy Walking Distance To All Of Downtown. 12 Well-appointed Rooms And Suites. Major Renovations Inside And Out Were Done Between 2012 And Current Creating An Ultra Private Resor...

Residential Income Real Estate for Sale at 623 S Grenfall Rd in the city of Palm Springs by MLS #19426896PS

623 S Grenfall Rd, Palm Springs, CA - $1,200,000

Residential Income, Apartment Building
  • 8 Beds
  • 8 Baths
  • 4,300 SQFT
  • 56 DOM
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Rare Opportunity To Own An Architecturally Significant Property In The Desirable Warm Sands Community. Currently Utilized As A 7 Unit Apartment Complex, Each Unit Is A Single Story Floor Plan, Surrounded By A Central And Private Pool, Private Bac...

1500 S Via Entrada, Palm Springs, CA - $1,195,000

Residential Income, Fourplex
  • 2 Beds
  • 4 Baths
  • 2,677 SQFT
  • 20 DOM
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The Tahquitz River Estate Neighborhood Is A Museum Of Palm Springs Architecture Spanning Almost 90 Yrs. Over Time The Area Developed An Eclectic Mix Of Spanish, Mid-century & Modernist Homes, Quaint Hotels & Small Garden Apartment Units. 1500 Vi...

120 S Saturmino Dr, in the city of Palm Springs Real Estate in CA by NOT IN A DEVELOPMENT

120 S Saturmino Dr, Palm Springs, CA - $995,000

Residential Income, Apartment Building
  • 14 Beds
  • 7 Baths
  • 5,950 SQFT
  • 55 DOM
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7 Unit Bedroom In Prime Rental Location On Tahquitz. Nearby Palm Springs Airport, Palm Springs City Hall And Many Retail And Other Business. Professionally Managed Since Purchased, All Seven Units Are Rented With Minimal Vacancy In The Past Few ...

37111 Cathedral Canyon Dr, Cathedral City, CA - $950,000

Residential Income, Apartment Building
  • 6 Beds
  • 42 DOM
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All But Two Rentals Have Are Furnished And Owner Pays Utilities Including Internet. Income Would Be Much Higher If Tenants Paid Their Own Utilities. All Separate Meters Except Water. Prices Change For Seasonal Rents And Varies By A Few Hundred...

44835 Santa Ynez Ave, Palm Desert, CA - $720,000

Residential Income, Duplex
  • 4 Beds
  • 5 Baths
  • 4,230 SQFT
  • 64 DOM
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This Legal Duplex, Zoned R1, Is Registered As A Sfh With A Guest Apartment. The Main House Consists Of A 3br 3ba (2br 2ba + An Attached 1br 1ba Studio Unit With Its Own Entrance) Followed By Another 1br 2ba Guest Apartment. Both Units Can Be Deliv...

19437242PS, Residential Income, 572 S Calle Encilia, Palm Springs, CA, WARM SANDS, 92264

572 S Calle Encilia, Palm Springs, CA - $710,000

Residential Income, Triplex
  • 3 Beds
  • 3 Baths
  • 1,064 SQFT
  • 24 DOM
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Classic, Remodeled 1936 Hacienda-style, Full Of Charm In Convenient Warm Sands Neighborhood. Beautiful Backyard Oasis With New Pool (2017), Outdoor Shower, And With Gorgeous View Of Mountains. Charming 3 Units Feature Original Redwood Beams, Full ...


If you'd rather be notified by email when a new income property that meets your search parameters hits the market, sign up for my home finder alert service. Specify what types of homes you'd like to receive emails about, along with the price range and any other details you wish to enter, and I'll let you know as soon as a home that matches your needs becomes available.

Benefits of Owning Palm Springs Residential Income Properties

As you can see in the listings above, many of the Palm Springs residential income properties for sale are multi-family properties such as duplexes, triplexes, fourplexes, and a variety of other townhouse or condo developments. In Palm Springs, there is a very realistic possibility to make a big profit off these properties due to the year-round demand for vacation rentals.

Also, when you decide to buy an investment property, you now have the freedom of being your own boss. You get to set the price of your new rental unit(s), you decide who your tenant will be, and you are in complete control of the property management. You're essentially running your own business, which allows you to set your own hours and know exactly when and how every aspect of the property will be taken care.

Furthermore, those who own income properties for the purpose of renting them out are entitled to a variety of tax deductions. They can write off repairs to the units, travel costs related to the property, insurance, property taxes, and even interest on mortgage payments.

If you'd like more details on the financial benefits of owning a Palm Springs income property or you're interested in getting the latest updates on the rental property rules listed below, contact me. As an experienced local REALTOR®, I'm always on top of anything that impacts the Palm Springs real estate market.

Palm Springs Rental Properties - Rules and Regulations

While the benefits of buying an income property, it's important to be aware that the Palm Springs government has put some regulations on vacation rentals. These rules and regulations are certainly subject to change, but there are currently limits on the following:

  • Total number of rental contracts granted per year
  • Number of overnight guests (generally speaking, two guests per bedroom)
  • Total vehicles allowed (also based on number of bedrooms per unit)
  • Number of short-term rentals per owner
  • Ability to rent out homes as a strictly absentee investor

For more information on these regulations and the registration fees for owners on vacation rental properties, you should certainly talk to your local real estate agent, which is where I come in. I'm an expert on these subjects and can answer any of your questions. Get in touch with me by filling out the form below.

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Based on information from CARETS as of March 21st, 2019 at 10:46am PDT. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.