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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 $300,000 - $400,000 $400,000 - $500,000
$500,000 - $600,000 $600,000 - $700,000 $700,000 - $800,000
$800,000 - $900,000 $900,000 - $1,000,000 Over $1,000,000
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331 W Sunview Ave, Palm Springs, CA - $3,900,000

Residential Income, Apartment Building
  • 3 Beds
  • 2 Baths
  • 1,180 SQFT
  • 135 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...

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

Residential Income, Apartment Building
  • 8 Beds
  • 9 Baths
  • 723 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...

Residential Income Real Estate for Sale located in the neighborhood of MOVIE COLONY, in the city of Palm Springs, CA

280 E Mel Ave, Palm Springs, CA - $2,195,000

Residential Income, Apartment Building
  • 12 Beds
  • 12 Baths
  • 5,000 SQFT
  • 27 DOM
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A Very Charming Spanish Hotel In The Heart Of Central Palm Springs. This Fully Remodeled Building Is Currently Set Up With An Extra Large Owner Unit And 11 Additional One Bedroom Units. Pool Has Dramatic Mountain Views. There Is A 20 Person Pri...

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

Residential Income, Apartment Building
  • 5,000 SQFT
  • 293 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...

MLS #19445956PS for Sale at 354 E Stevens Rd, in the city of Palm Springs, 92262

354 E Stevens Rd, Palm Springs, CA - $1,799,000

Residential Income, Apartment Building
  • 5,432 SQFT
  • 104 DOM
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A Lucrative Opportunity To Own And Operate An Established Boutique Hotel Business In The Vibrant Palm Springs Market. A Solid Income Generating Asset With 12 Large Rooms, Kitchens And/or Kitchenettes Offering A Very Private Resort Style Setting.ex...

1821 E Amado Rd, Palm Springs, CA - $1,275,000

Residential Income, Apartment Building
  • 6 Beds
  • 5 Baths
  • 3,200 SQFT
  • 13 DOM
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Welcome To The Amado, A Unique Compound That Celebrates Mid-century Architecture & Offers So Many Possibilities. Extensively Renovated, This Intimate Enclave Has 5 Individual Mid-mod Residences Surrounding A Private Sparkling Pool: 4 X One Bedroo...

45905 Ocotillo Dr, Palm Desert, CA - $1,200,000

Residential Income, Fourplex
  • 8 Beds
  • 8 Baths
  • 69 DOM
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Unique Chance To Be President Of Your Own Property Owners Association In An Exceptional Location. Here Are Four Two Bedroom Two Bath Individually Titled Condominium Units Very Close To The Rodeo Drive Of Palm Desert - El Paseo. Convenient Locatio...

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

Residential Income, Fourplex
  • 2 Beds
  • 4 Baths
  • 2,677 SQFT
  • 139 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...

623 S Grenfall Rd, in the city of Palm Springs Real Estate in CA by WARM SANDS

623 S Grenfall Rd, Palm Springs, CA - $1,100,000

Residential Income, Apartment Building
  • 8 Beds
  • 8 Baths
  • 4,300 SQFT
  • 175 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...

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

Residential Income, Apartment Building
  • 6 Beds
  • 161 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...

2798 N Junipero Ave, Palm Springs, CA - $849,000

Residential Income, Fourplex
  • 8 Beds
  • 8 Baths
  • 4,400 SQFT
  • 35 DOM
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An Incredible Investment Opportunity In Desirable Chino Canyon Neighborhood Of Palm Springs. This Fourplex Is Large. Two Bedroom And Two Bathroom Units, All With Individual Laundry Areas On A Corner Lot With Gorgeous Views Of The Mountains. Eac...

44850 Cabrillo Ave, Palm Desert, CA - $769,000

Residential Income, Fourplex
  • 10 Beds
  • 7 Baths
  • 4,000 SQFT
  • 27 DOM
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Well Located Fourplex Just Off Of 111 And The El Paseo In Prime Palm Desert. Great Unit Mix With Two 2 Bed, 2 Bath End Units, 1 Bed 1 Bath And A Studio - All With Upside Potential. Well Maintained Property With Recently Updated Roof And New Acs. U...


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 July 18th, 2019 at 6:02am 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.