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Geoffrey Moore

1001 S. Palm Canyon Drive, Ste 109
Palm Springs, CA
92264

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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 $900,000 - $1,000,000
Over $1,000,000
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Homes for Sale in Palm Springs, CA

588 E San Lorenzo Rd, Palm Springs, CA - $4,950,000

Residential Income, Apartment Building
  • 14k SQFT
  • 260 DOM
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Rsl Hotel Offered In Its Entirety Or Each Of The 12 Turn-key Furnished Units Can Be Sold Individually. Diverse Income / Management Opportunities: Boutique Luxury Hotel (active Hotel License), Vacation Rentals, Corporate Or Family Compound, Extende...

Homes for Sale located at 601 W Arenas Rd, in the city of Palm Springs, CA 92262

601 W Arenas Rd, Palm Springs, CA - $3,795,000

Residential Income, Apartment Building
  • 14 Beds
  • 14½ Baths
  • 169 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
  • 525 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...

Palm Springs Real Estate - MLS # 18380918PS, Residential Income real estate for Sale in MOVIE COLONY, MLS Listings # 18380918PS

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

Residential Income, Apartment Building
  • 5,000 SQFT
  • 47 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 #18380900PS for Sale at 39950 Bird Ln, in the city of Rancho Mirage, 92270

39950 Bird Ln, Rancho Mirage, CA - $2,050,000

Residential Income, Apartment Building
  • 13.3k SQFT
  • 17 DOM
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Excellent Investment Opportunity To Acquire A Beautifully Remodeled, Fully Rented 11 Unit Classic Mid-century Complex In A Prime Rancho Mirage Location. A Solid Quality Offering, Fully Rented With 12 Months Leases To Quality Tenants. There Is A Tr...

Palm Springs Homes for Sale in the neighborhood of 5830 in the Zipcode of 92262

1821 E Amado Rd, Palm Springs, CA - $1,475,000

Residential Income, Apartment Building
  • 6 Beds
  • 5 Baths
  • 3,303 SQFT
  • 131 DOM
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Rare, Signature Mid-century Modern Property Just Received 6 Unit Hotel Conversion Permit! Known As "the Amado", This Property Has Been Run As A Very Successful, Permitted Vacation Rental Boutique Accommodation For Approximately 4 Years. Extensive ...

Residential Income Real Estate for Sale at 74624 Driftwood Dr in the city of Palm Desert by MLS #18366050PS

74624 Driftwood Dr, Palm Desert, CA - $955,000

Residential Income, Fourplex
  • 10 Beds
  • 6 Baths
  • 121 DOM
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Wonderful Opportunity To Own One Of The Prime Rental Four Plex Buildings In Palm Desert. All Are Fully Rented With Some Very Long Term Renters. They've All Been Meticulously Maintained And Updated As Needed. There Are Washers And Dryers In Each...

3760 E Calle De Carlos, Palm Springs, CA - $680,000

Residential Income, Fourplex
  • 8 Beds
  • 8 Baths
  • 3,885 SQFT
  • 60 DOM
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Beautiful Newer Construction Building. All Units Feature 12 Foot Ceilings, Indoor Stack Able Washer/dryer Hookups. Fire Sprinkler System In All Units. Off Street Parking, Beautiful Landscaped Rear Yard. Central Heating And Air.

4022 E Calle De Carlos, Palm Springs, CA - $680,000

Residential Income, Fourplex
  • 8 Beds
  • 8 Baths
  • 3,885 SQFT
  • 60 DOM
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Beautiful Newer Construction Building. All Units Feature 12 Foot Ceilings, Indoor Stack Able Washer/dryer Hookups. Fire Sprinkler System In All Units. Off Street Parking, Beautiful Landscaped Rear Yard. Central Heating And Air.

Residential Income for Sale by 3737 E Calle De Carlos in the Palm Springs, located in the neighborhood of 6330

3737 E Calle De Carlos, Palm Springs, CA - $649,000

Residential Income, Apartment Building
  • 24 DOM
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Well Maintained Five Unit Building Located In Demuth Park, With Easy Access To Everything Palm Springs Has To Offer. All Units Are One Bedroom, One Bath With An Open Floor Plan, Spacious Walk In Closet And A Private Patio With Mountain Views. The ...

18380770PS, Residential Income, 573 S Calle Palo Fierro, Palm Springs, CA, WARM SANDS, 92264

573 S Calle Palo Fierro, Palm Springs, CA - $649,000

Residential Income, Triplex
  • 4 Beds
  • 4 Baths
  • 2,353 SQFT
  • 12 DOM
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Located A Short Distance To All The Shops And Restaurants In Downtown Palm Springs, This Well-maintained And Updated Triplex Has Excellent Income Potential. The Large Front House Has 2 Bedrooms And 2 Bathrooms, An Ample Living Room That Flows Into...

68400 Dinah Shoe Drive, Cathedral City, CA - $599,500

Residential Income, Other (L)
  • 6 Beds
  • 3 Baths
  • 2,584 SQFT
  • 149 DOM
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Rare Opportunity To Own A Desirable Triplex Consisting Of 2 Bedrooms, 1 Bathroom And Laundry Area In Each Unit. In Addition To Front Yards, Each Unit Has Its Own Private Backyard. There Are Three Single Car Garages And Space For Additional Tandem...

 

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 November 14th, 2018 at 6:01pm PST. 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.