Palm Springs Investment Property

As a popular vacation destination, Palm Springs is an excellent place to buy a residential income property or investment 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. [Read more...]

Current Residential Income Properties For Sale in Palm Springs

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Active
435 E Avenida Olancha, Palm Springs

$4,695,000

↓ $255,000

435 E Avenida Olancha, Palm Springs

0 Beds 0 Baths 0 SqFt Fee Land MLS® # SR22032877

Nerses Ananyan Titus Realty, Inc.

Active
N/A, Palm Springs

$3,995,000

N/A, Palm Springs

0 Beds 0 Baths 0 SqFt Fee Land MLS® # 219077730DA

Steve Remball Desert Real Estate

New
555 S Thornhill Road, Palm Springs

$3,250,000

555 S Thornhill Road, Palm Springs

0 Beds 0 Baths 0 SqFt Fee Land MLS® # 219078829DA

Doug Fischer Coldwell Banker Realty

Active
44530 San Carlos Avenue, Palm Desert

$2,600,000

↓ $200,000

44530 San Carlos Avenue, Palm Desert

0 Beds 0 Baths 0 SqFt Fee Land MLS® # TR21116239

Jonathan Minerick Homecoin.com

Pending
1932 E Calle Lileta, Palm Springs

$2,150,000

↓ $175,000

1932 E Calle Lileta, Palm Springs

0 Beds 0 Baths 0 SqFt Fee Land MLS® # 219075019DA

Kate Rust Wilson-Meade Commercial Real Estate

Pending
42995 Park Place # 1-4, Palm Desert

$1,750,000

42995 Park Place # 1-4, Palm Desert

0 Beds 0 Baths 0 SqFt Fee Land MLS® # 219076623DA

Doug Fischer Coldwell Banker Realty

Pending
840 N. Indian Cyn. N, Palm Springs

$1,399,000

840 N. Indian Cyn. N, Palm Springs

0 Beds 0 Baths 0 SqFt Fee Land MLS® # 219078692PS

John Mcdonald Coldwell Banker Realty

Pending
32419 Shifting Sands Trail, Cathedral City

$1,145,000

↓ $30,000

32419 Shifting Sands Trail, Cathedral City

0 Beds 0 Baths 0 SqFt Fee Land MLS® # 219075074DA

Steven Mogavero Desert Prop - Coachella Valley

Active
32170 Navajo, Cathedral City

$1,090,000

32170 Navajo, Cathedral City

0 Beds 0 Baths 0 SqFt Fee Land MLS® # PW22077559

Lawrence Yoo White House Investment, Inc

Active
545 S Calle Santa Rosa, Palm Springs

$1,090,000

↓ $100,000

545 S Calle Santa Rosa, Palm Springs

0 Beds 0 Baths 0 SqFt Fee Land MLS® # 22138537

Hilda Horvat Coldwell Banker Realty

Active
32305 Navajo Trail, Cathedral City

$925,000

32305 Navajo Trail, Cathedral City

0 Beds 0 Baths 0 SqFt Fee Land MLS® # 219074387DA

Elena Hernandez Fathom Realty Group Inc.

Active
33085 Moreno Road, Cathedral City

$840,000

33085 Moreno Road, Cathedral City

0 Beds 0 Baths 0 SqFt Fee Land MLS® # 219077898PS

Michael Heath VPM Rents, Inc.

 

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Benefits of Owning Palm Springs Residential Income Properties

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.

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 investment 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 Property - 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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