Palm Springs Income Properties

As a popular vacation destination, Palm Springs is an excellent place to buy a residential income property to 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 tons of 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

Current Residential Income Properties For Sale in Palm Springs

30 Properties Found. Page 1 of 3.
Photo of Listing #19440586PS

331 Sunview Avenue, Palm Springs

$5,100,000 - Fee Land

MLS® # 19440586PS

Pending
Photo of Listing #219042434DA

73922 Shadow Mountain Drive, Palm Desert

$1,999,500 - Fee Land

MLS® # 219042434DA

Photo of Listing #219034619PS

238 Saturmino Drive, Palm Springs

$1,400,000 - Fee Land

MLS® # 219034619PS

Photo of Listing #219042938DA

46455 Portola Avenue, Palm Desert

$1,195,000 - Fee Land

MLS® # 219042938DA

Photo of Listing #219039237DA

74533 Sagebrush Drive Drive, Palm Desert

$1,100,000 - Fee Land

MLS® # 219039237DA

Photo of Listing #20584022

351 E Cottonwood Road, Palm Springs

$945,000 - Fee Land

MLS® # 20584022

Photo of Listing #WS18099398

3760 El Dorado Boulevard, Palm Springs

$900,000 - 3,351 Sf, Fee Land

MLS® # WS18099398

Pending
Photo of Listing #219042427DA

476 Chuckwalla Road, Palm Springs

$899,500 - Fee Land

MLS® # 219042427DA

Photo of Listing #219043537DA

380 Avenida Ortega, Palm Springs

$799,500 - Fee Land

MLS® # 219043537DA

New Listing
Photo of Listing #219043824PS

482, Palm Springs

$775,000 - Fee Land

MLS® # 219043824PS

Photo of Listing #219039955PS

4022 E Calle De Carlos, Palm Springs

$710,000 - Fee Land

MLS® # 219039955PS

Photo of Listing #219039953PS

3760 E Calle De Carlos, Palm Springs

$710,000 - Fee Land

MLS® # 219039953PS

 

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

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 of.

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 there are plenty of benefits to 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 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 California Regional Multiple Listing Service, Inc. as of June 6th, 2020 at 4:26pm PDT. 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.