Connect

Find us on...

Geoffrey Moore

120 W Arenas Road, Ste 7
Palm Springs, CA
92262

Contact Us

Dashboard

  1. Home
  2. Home Styles
  3. Income Properties

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 $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
Map Save this Search
Sort listings by:Price, Highest First

331 W Sunview Ave, Palm Springs, CA - $4,500,000

Residential Income, Apartment Building
  • 3 Beds
  • 2 Baths
  • 1,180 SQFT
  • 195 DOM
View details More Photos Save

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
  • 783 DOM
View details More Photos Save

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
  • 87 DOM
View details More Photos Save

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...

Palm Springs Real Estate - MLS # 19445956PS, Residential Income real estate for Sale in NOT IN A DEVELOPMENT, MLS Listings # 19445956PS

354 E Stevens Rd, Palm Springs, CA - $1,749,000

Residential Income, Apartment Building
  • 5,432 SQFT
  • 164 DOM
View details More Photos Save

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...

MLS #19491838PS for Sale at 1610 S Via Entrada 10, in the city of Palm Springs, 92264

1610 S Via Entrada 10, Palm Springs, CA - $1,299,000

Residential Income, Apartment Building
  • 3,976 SQFT
  • 56 DOM
View details More Photos Save

Welcome To The Stardust Hotel & Resort. A Mid Century Inspired 10 Unit Desert Architecture Property With Common Area Living Room/ Lobby/ Lounge Area. Tucked Away In A Key Location In Sought After South Palm Springs Hotel District; Offering Privacy...

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

Residential Income, Fourplex
  • 8 Beds
  • 8 Baths
  • 129 DOM
View details More Photos Save

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...

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

Residential Income, Apartment Building
  • 6 Beds
  • 207 DOM
View details More Photos Save

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...

MLS Number 19477640PS in the city of Palm Springs Homes for Sale by CHINO CANYON, the zipcode of 92262

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

Residential Income, Fourplex
  • 8 Beds
  • 8 Baths
  • 4,400 SQFT
  • 95 DOM
View details More Photos Save

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...

Residential Income for Sale by 44850 Cabrillo Ave in the Palm Desert, located in the neighborhood of

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

Residential Income, Fourplex
  • 6 Beds
  • 7 Baths
  • 4,000 SQFT
  • 25 DOM
View details More Photos Save

Back On Market - Buyer Could Not Perform! 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...

520 S Highland Dr, Palm Springs, CA - $689,800

Residential Income, Triplex
  • 6 Beds
  • 3 Baths
  • 3,385 SQFT
  • 37 DOM
View details More Photos Save

Incredible Opportunity To Own A 3 Unit Apartment Complex In Central Palm Springs! Each Unit Is A King-sized 2 Br / 1 Ba With A Big Kitchen With Cabinet Space And Counter Tops Galore. There Are Also 8 Off Street Paved Parking Spaces And The Units P...

19441864PS, Residential Income, 29295 Avenida La Paz, Cathedral City, CA, PANORAMA, 92234

29295 Avenida La Paz, Cathedral City, CA - $569,000

Residential Income, Duplex
  • 7 Beds
  • Baths
  • 4,442 SQFT
  • 194 DOM
View details More Photos Save

Pride Of Ownership, $52,800 Upside Rent Potential.unique Property~ Two Detached Homes Separated By A Lovely Courtyard In Between.this Is A Perfect Owner Occupant, Family Compound Property To Live In One, Rent One To Offset Mortgage. Unit 1, One Le...

 

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.

Please provide a valid email address.

Based on information from CARETS as of September 16th, 2019 at 7:16am 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.