OFF MARKET

Off market nov 2013 for $1M

—

Est. refi paymentEst. refi $6,936/mo

•

—

sq ft

1540 N Chaparral Rd, Palm Springs, CA 92262

About this home

Mid Century Modern 10-Unit Residential Income Property complete with tropical landscaping and pool. Ten units consist of four 2bd/1.75ba units, roughly 800 square feet in size and six 1bd/1ba units, approximately 600 square feet in size. The larger two-bedroom units have private poolside front patios, fireplaces and include upgraded kitchens with laminate counters and dishwashers. The smaller one-bedroom units have private rear patios with sliding glass doors. Property shows real pride of ownership with a local, hands on owner and landlord. Drive by this property now. You'll appreciate the curbside charm and appeal. Located just a few blocks from Palm Canyon Drive and downtown Palm Springs, this property would make an excellent investment property with a 6.0% CAP rate or a great owner occupy. Don't let this one slip away. * Available for Back-up Offers. *

Multi-familyProperty Type

0.48 acresLot Size

Listed by Doug Fischer •DRE #01299270 • Coldwell Banker Realty

•760-641-8401 (agent)

•douglasfischer111@gmail.com (agent)

Listed by Richard Chamberlin •DRE #01232493 • Coldwell Banker Realty

Bought with Tom DeWitt •DRE #01467319 • Coldwell Banker Realty

Redfin checked: 2 minutes ago

•Source:GPSMLS #213002036

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 92262, CA

Last updated September 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-list price

96.6%

+0.1% MoM

Median sale price

$585K

$18K MoM

Avg. days on market

103d

22 days MoM

Recently sold homes

169

27 MoM

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Provided by Redfin

Sale history for 1540 N Chaparral Rd

Date

Event

Price

GPSMLS #213002036

Nov 21, 2013

Sold

$1,025,000

Nov 21, 2013

Sold

$1,025,000

Nov 20, 2013

Pending

—

Nov 1, 2013

Listing Removed

—

Oct 20, 2013

Listed

$1,082,500

GPSMLS #41194229

Apr 21, 2005

Sold

$1,225,000

Apr 21, 2005

Sold

$1,225,000

Oct 14, 2004

Listed

$1,250,000

Well maintained and attractive mid-century design one level apartment complex consisting of 3 separate buildings. Four 2 bedroom/2 bath each with its own fireplace and outdoor front patio. Six 1 bedroom/1 bath all have private spacious back patios. Central pool area nicely landscaped as well as on site laundry room. All units individually metered and each with its own hot water heater as well as central HVAC systems.

Public Records

Jan 24, 2003

Sold

$790,000

GPSMLS #21141463

Sep 24, 2002

Listing Removed

—

Sep 24, 2002

Listed

$790,000

Public Records

Jul 30, 1992

Sold

$375,000

Year

Property tax

Land + Additions

Assessment*

2025

$17,327 (−2.2%)

$306,460 + $950,037

$1,256,497

2024

$17,724 (−1.7%)

$306,460 + $950,037

$1,256,497

2023

$18,026 (−0.5%)

$300,451 + $931,409

$1,231,860

2022

$18,109 (+1.8%)

$294,560 + $913,147

$1,207,707

2021

$17,791 (+4.1%)

$288,785 + $895,243

$1,184,028

2020

$17,094 (+1.6%)

$283,123 + $877,690

$1,160,813

2019

$16,831 (+1.6%)

$280,220 + $868,691

$1,148,911

2018

$16,573 (+1.2%)

$274,726 + $851,658

$1,126,384

2017

$16,378 (+2.8%)

$264,059 + $818,588

$1,082,647

2016

$15,928 (+5.3%)

$264,059 + $818,588

$1,082,647

2015

$15,122 (+2.5%)

$258,882 + $802,538

$1,061,420

2014

$14,751 (+9.3%)

$250,000 + $775,000

$1,025,000

2013

$13,492 (+4.8%)

$250,000 + $775,000

$1,025,000

2012

$12,880 (−25.9%)

$250,000 + $675,000

$925,000

2011

$17,373 (+53.5%)

$250,000 + $675,000

$925,000

2010

$11,320 (+0.3%)

$380,796 + $951,997

$1,332,793

2009

$11,290 (−31.3%)

$250,000 + $561,500

$811,500

2008

$16,423

$378,850 + $947,128

$1,325,978

Tax history for 1540 N Chaparral Rd

Year

Property tax

Land + Additions

Assessment*

2025

$17,327 (−2.2%)

$306,460 + $950,037

$1,256,497

2024

$17,724 (−1.7%)

$306,460 + $950,037

$1,256,497

2023

$18,026 (−0.5%)

$300,451 + $931,409

$1,231,860

2022

$18,109 (+1.8%)

$294,560 + $913,147

$1,207,707

2021

$17,791 (+4.1%)

$288,785 + $895,243

$1,184,028

2020

$17,094 (+1.6%)

$283,123 + $877,690

$1,160,813

2019

$16,831 (+1.6%)

$280,220 + $868,691

$1,148,911

2018

$16,573 (+1.2%)

$274,726 + $851,658

$1,126,384

2017

$16,378 (+2.8%)

$264,059 + $818,588

$1,082,647

2016

$15,928 (+5.3%)

$264,059 + $818,588

$1,082,647

2015

$15,122 (+2.5%)

$258,882 + $802,538

$1,061,420

2014

$14,751 (+9.3%)

$250,000 + $775,000

$1,025,000

2013

$13,492 (+4.8%)

$250,000 + $775,000

$1,025,000

2012

$12,880 (−25.9%)

$250,000 + $675,000

$925,000

2011

$17,373 (+53.5%)

$250,000 + $675,000

$925,000

2010

$11,320 (+0.3%)

$380,796 + $951,997

$1,332,793

2009

$11,290 (−31.3%)

$250,000 + $561,500

$811,500

2008

$16,423

$378,850 + $947,128

$1,325,978

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

0.48 Acres

Year renovated

1965

Sq. Ft.

—

Year built

1965

Style

Multi-Family (5+ Unit)

County

Riverside County

APN

507023015

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 7, 2026.

Property details

Interior

Virtual Tour

Bathroom Information
Full Baths: 10
3/4 Baths: 4

Interior Features
Window Treatments: Blinds, Vertical Blinds
Entry Location: Ground Level - No Steps

Fireplace Information
Fireplace Location: Living Room
Fireplace Features: Gas Log, Raised Hearth
Yes

Equipment
Water Heater Feature: Water Heater Unit
Laundry Equipment: Lease
Counts: # of Refrigerators: 10
Counts: # of Ranges: 10
Counts: # of Disposals: 10
Counts: # of Dishwashers: 4

Heating & Cooling
Heating Fuel: Electric
Heating: Forced Air
Cooling Type: Air Conditioning, Central Air

Multi-Unit General Information
Water Heater: Yes
Gardener, Water, Pool Service
No
Tenant Pays: Cable TV, Electricity, Gas

Multi-Unit Income Information
Income & Expenses: Net Operating Income $: 64988.00
Income & Expenses: Laundry Income $: 720.00
Income & Expenses: Gross Annual Income $: 100680.00
Income & Expenses: Annual Gross Rent $: 99960.00

Multi-Unit Expense Information
Income & Expenses: Cap Rate %: 6.00
Income & Expenses: Water Expense $: 3061.00
Income & Expenses: Trash $: 2994.00
Income & Expenses: Supplies $: 2200.00
Income & Expenses: Tax Rate %: 1.20
Income & Expenses: Total Annual Operating Expenses $: 35692.00
Income & Expenses: Professional Management $: 1200.00
Income & Expenses: Pest Control $: 540.00
Income & Expenses: Licenses $: 454.00
Income & Expenses: Insurance $: 2558.00
Income & Expenses: Gardener $: 4775.00

Multi-Unit Property Counts
Total Units: 10
# of Buildings: 1

Exterior

Building Information
Roofing: Tar/Gravel
Foundation: Slab
Exterior Construction: Stucco
Levels: Ground Level, No Unit Above, One
Building Style: Mid Century

Exterior Features
Security Safety: Exterior Security Lights, Other
Counts: # of Patios: 10

Pool Information
Pool Location: Community
Pool Construction: Gunite, In Ground
Pool Accessories: Safety Fence, Safety Gate
Yes

Land Information
Lot Acres: 0.4800
Land Type: Fee
Land Type: Fee Simple

Lot Information
Lot Description: Fenced, Rectangular Lot
Lot Size Source: Assessor

Property Features
View Type: Mountain(s)
Property Condition: Updated/Remodeled
View: Yes

Utilities

Utilities Information
Water: Water District Name: CVWD
TV Services: Cable TV
Sewer: In, Connected and Paid
Counts: # Water Meters: 1
Counts: # Gas Meter: 11
Counts: # Electric Meters: 11

Location

Location Information
Directions: From N. Indian Canyon Dr. & Vista Chino, go one block east on Vista Chino to Chaparral Rd; turn south, or right on Chaparral. The property is on the left, east side of the street near the end of Cottonwood Rd. Drive by only. Do not disturb tenants.
Cross Streets: South of Vista Chino.

Community Information
Unit Total in Complex: 10
Gated Community: Yes

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: 1.0
Lot Size: 0.48 acres
Style: Multi-Family (5+ Unit)
Year Built: 1965
Year Renovated: 1965
County: Riverside County
APN: 507023015

Home facts updated by county records on Aug 7, 2026

Other

Documents & Disclosures
Property As Is

Listing Information
Sale Type: Standard
Close Of Escrow
Cash, Conventional

Around this home

Schools

Katherine Finchy Elementary School

Public K-5 • Assigned • 0.6mi

4/10

Raymond Cree Middle School

Public 6-8 • Assigned • 0.5mi

5/10

Palm Springs High School

Public 9-12 • Assigned • 2.2mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

7/10 Fire Factor

18% chance of being in a wildfire in next 30 years

9/10 Heat Factor

8 days above 112° expected this year, 24 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

5/10 Air Factor

6 unhealthy days expected this year, 8 days in 30 years

Provided by First Street

Historical weather

Palm Springs, CA • 92262

Average low and high temperatures (°F)

101

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.8 hours in June and 7.3 hours in December, placing it above the U.S. average for solar exposure.

10.8 hrs

7.3 hrs

JuneDecember

Provided by Shadowmap

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Home values near 1540 N Chaparral Rd

Data from public records.

Address	Redfin Estimate
444 E Cottonwood Road, Palm Springs, CA - Beds \| - Baths \| 3418 Sq. Ft.	$1,007,037
401 E Vista Chino #3, Palm Springs, CA 2 Beds \| 1.5 Baths \| 1095 Sq. Ft.	$307,804

Address	Redfin Estimate
401 E Vista Chino #1, Palm Springs, CA 2 Beds \| 2.5 Baths \| 1095 Sq. Ft.	$314,295
401 E Vista Chino #4, Palm Springs, CA 2 Beds \| 2.5 Baths \| 1095 Sq. Ft.	$305,940

Address	Redfin Estimate
401 E Vista Chino #2, Palm Springs, CA 2 Beds \| 1.5 Baths \| 1095 Sq. Ft.	$325,847
401 E Vista Chino #5, Palm Springs, CA 2 Beds \| 1.5 Baths \| 1095 Sq. Ft.	$304,850

Property information provided by GPSMLS when last listed in 2013. This data may not match . Learn more.

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About this home

Redfin Estimate

Market trends in 92262, CA

Sale history for 1540 N Chaparral Rd

Tax history for 1540 N Chaparral Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 92262

Home values near 1540 N Chaparral Rd

More real estate resources