This apartment is a high pride of ownership gem, offering beautiful desirable apartment living inside & out. Very spacious, extra large units that include tile floors, stainless steel appliances, breakfast bar, large living & bedrooms, and private patios that are like a backyard. Tenants truly enjoy the large swimming pool along with the pool area BBQ & patio. Half the spaces are rented well below market (see unit mix below) leaving room to add tremendous value. At current actual rents, this property boasts a sub-9 GRM and a cap rate just under 7%. These returns are unheard of in the current market place, making this the best apartment buy in Southern California. This is the best apartment location one can find in Palm Springs. Located downtown, just minutes away from the strip, convention center, shopping, airport, and casino. The historical at or near 100% occupancy attests for the tenants wanting to be in this first class apartment at this coveted fine location. If you purchase this offering, you're buying a trophy property at a wholesale price!!
Multi-familyProperty Type
1960Year Built
0.5 acresLot Size
$120Price/Sq.Ft.
14 spacesParking
Listed by Tony Burton•DRE #01014173• Burton Commercial, Inc.
Bought with Tony Burton•DRE #01014173• Burton Commercial, Inc.
This is a great investment opportunity in downtown Palm Springs. A total of 11 one bedroom, one bath apartments with laundry and pool located close to shopping and downtown. Of the 11 units 4 have been remodeled, 7 are rentable, but could be upgraded. There are 14 parking spaces along the street. Please do not contact the tenants, call you agent with any questions.
CRMLS #C10003895
Jun 10, 2010
Listing Removed
—
Mar 19, 2010
Price Changed
$675,000
$82/sq ft
Mar 5, 2010
Price Changed
$695,000
$84/sq ft
Feb 15, 2010
Price Changed
$699,000
$85/sq ft
Feb 3, 2010
Price Changed
$725,000
$88/sq ft
Jan 12, 2010
Listed
$750,000
$91/sq ft
CRMLS #C09027094
Sep 19, 2009
Listing Removed
—
May 7, 2009
Price Changed
$849,000
$103/sq ft
Mar 6, 2009
Listed
$880,000
$107/sq ft
Public Records
May 2, 2005
Sold
$848,000
$103/sq ft
Public Records
Jul 24, 2003
Sold
$850,000
$103/sq ft
GPSMLS #41149290
Jul 24, 2003
Sold
$732,000
$89/sq ft
Jul 24, 2003
Sold
$732,000
$89/sq ft
Jan 20, 2003
Listed
$899,000
$109/sq ft
Public Records
Dec 12, 2000
Sold
$485,000
$59/sq ft
GPSMLS #2921418
Aug 29, 2000
Listing Removed
—
Aug 9, 2000
Listed
$495,000
$60/sq ft
GPSMLS #2915318
Aug 10, 2000
Listing Removed
—
Feb 9, 2000
Listed
$550,000
$67/sq ft
GPSMLS #2908319
Feb 10, 2000
Listing Removed
—
Aug 9, 1999
Listed
$550,000
$67/sq ft
Public Records
Jan 10, 1996
Sold
$178,000
$22/sq ft
Public Records
May 11, 1992
Sold
$347,500
$42/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$16,691 (−2.2%)
$398,396 + $781,484
$1,179,880
2024
$17,069 (−1.6%)
$398,396 + $781,484
$1,179,880
2023
$17,344 (−0.1%)
$390,585 + $766,161
$1,156,746
2022
$17,363 (+1.8%)
$382,927 + $751,139
$1,134,066
2021
$17,065 (+4.0%)
$375,419 + $736,411
$1,111,830
2020
$16,412 (+1.5%)
$368,058 + $721,972
$1,090,030
2019
$16,173 (+1.6%)
$364,285 + $714,570
$1,078,855
2018
$15,918 (+1.3%)
$357,144 + $700,558
$1,057,702
2017
$15,719 (+2.7%)
$343,277 + $673,355
$1,016,632
2016
$15,305 (+5.0%)
$343,277 + $673,355
$1,016,632
2015
$14,577 (+60.0%)
$336,547 + $660,152
$996,699
2014
$9,110 (+2.0%)
$125,567 + $421,906
$547,473
2013
$8,928 (−32.6%)
$125,567 + $421,906
$547,473
2012
$13,240 (+4.3%)
$125,000 + $420,000
$545,000
2011
$12,696 (−0.4%)
$441,680 + $499,386
$941,066
2010
$12,752 (+0.1%)
$433,020 + $489,595
$922,615
2009
$12,733 (+6.9%)
$429,785 + $485,937
$915,722
2008
$11,915
$430,807 + $487,093
$917,900
Tax history for 1711 E Amado Rd
Year
Property tax
Land + Additions
Assessment*
2025
$16,691 (−2.2%)
$398,396 + $781,484
$1,179,880
2024
$17,069 (−1.6%)
$398,396 + $781,484
$1,179,880
2023
$17,344 (−0.1%)
$390,585 + $766,161
$1,156,746
2022
$17,363 (+1.8%)
$382,927 + $751,139
$1,134,066
2021
$17,065 (+4.0%)
$375,419 + $736,411
$1,111,830
2020
$16,412 (+1.5%)
$368,058 + $721,972
$1,090,030
2019
$16,173 (+1.6%)
$364,285 + $714,570
$1,078,855
2018
$15,918 (+1.3%)
$357,144 + $700,558
$1,057,702
2017
$15,719 (+2.7%)
$343,277 + $673,355
$1,016,632
2016
$15,305 (+5.0%)
$343,277 + $673,355
$1,016,632
2015
$14,577 (+60.0%)
$336,547 + $660,152
$996,699
2014
$9,110 (+2.0%)
$125,567 + $421,906
$547,473
2013
$8,928 (−32.6%)
$125,567 + $421,906
$547,473
2012
$13,240 (+4.3%)
$125,000 + $420,000
$545,000
2011
$12,696 (−0.4%)
$441,680 + $499,386
$941,066
2010
$12,752 (+0.1%)
$433,020 + $489,595
$922,615
2009
$12,733 (+6.9%)
$429,785 + $485,937
$915,722
2008
$11,915
$430,807 + $487,093
$917,900
*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
Permits
Beds
—
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
0.5 Acres
Year renovated
1956
Sq. Ft.
—
Year built
1956
Style
Multi-Family (5+ Unit)
County
Riverside County
APN
502063016
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 28, 2026.
R2
Limited Multiple-Family Residential Zone
The R-2 zone is intended to provide for the development of medium-density multiple-family residential uses.
Permitted uses
Include but are not limited to:
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Other
Hotel / motel
Sep 29, 2021 • Active
Legacy - legacy
Prepare the existing built-up roof and install a new urethane foam roofing system over it.
Roofing
Jun 28, 2002 • Final
Miscellaneous
Grading
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking / Garage Information
# of Parking Spaces: 14
Interior
Laundry Information
Has Laundry
Individual Room
Cooling Information
Wall Window
Has Cooling
Room Information
All Bedrooms Down
Flooring Information
Tile
Heating Information
Wall Heater
Has Heating
Interior Features
Bar, Built-Ins, Ceiling Fan, Dry Bar, Granite Counters
Unit Type 1 Information
Unit Key Numeric: 48340
Listing Key Numeric: 6285963
Actual Rent: $800
Area Units: Square Feet
Total # of Baths: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $1,600
Total # of Units: 2
Unit Type 2 Information
Unit Key Numeric: 48341
Listing Key Numeric: 6285963
Actual Rent: $818
Area Units: Square Feet
Total # of Baths: 1
Furnished: Unfurnished
Total # of Beds: 1
Total Rent: $818
Total # of Units: 1
Unit Type 3 Information
Listing Key Numeric: 6285963
Unit Key Numeric: 48342
Actual Rent: $825
Area Units: Square Feet
Total # of Baths: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $3,300
Total # of Units: 4
Unit Type 4 Information
Listing Key Numeric: 6285963
Unit Key Numeric: 48343
Actual Rent: $850
Area Units: Square Feet
Total # of Baths: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $2,550
Total # of Units: 3
Unit Type 5 Information
Unit Key Numeric: 48344
Listing Key Numeric: 6285963
Actual Rent: $950
Area Units: Square Feet
Total # of Baths: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $950
Total # of Units: 1
Expenses
Trash: $3,101
Pool: $1,800
Insurance: $2,800
Water Sewer: $1,172
Electric: $2,400
New Taxes: $16,137
Gardener: $1,800
Multi-Unit Information
Net Operating Income: $68,872
Total Building Area: 8,250
Gross Scheduled Income: $110,616
Gross Multiplier: 8.95
Gross Income: $9,218
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 11
# Of Separate Electric Meters: 11
# Of Buildings: 5
Vacancy Allowance Rate: 5
Exterior
Exterior Features
Pool Features: Community Pool, In Ground
Has Pool
Lot Information
Lot Size Source: Assessor's Data
Lot Features: 11-15 Units/Acre
Property Information
Total # of Units: 11
Common Walls: 2+ common walls
Parcel Number: 502063016
Attached Property
Year Built Source: Estimated
Financial
Lease / Rental Details
Operating Expense: $36,213
Utilities
Utilities Information
Sewer Connected
Water Source: District/Public
Location
Neighborhood Information
Community Features: Curbs, Gutters, Sidewalks, Street Lighting
Location Information
Latitude: 33.82646600
Longitude: -116.52777100
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: 1.0
Lot Size: 0.5 acres
Style: Multi-Family (5+ Unit)
Year Built: 1956
Year Renovated: 1956
County: Riverside County
APN: 502063016
Home facts updated by county records on Oct 28, 2026
Other
Listing Information
Days Active in MLS: 2
Continuous Days Active in MLS: 2
Listing Agent Information
List Agent First Name: Tony
List Agent Last Name: Burton
Listing Office Information
List Office Name: Burton Commercial, Inc.
Selling Agent Information
Buyer Agent First Name: Tony
Buyer Agent Last Name: Burton
Selling Office Information
Buyer Office Name: Burton Commercial, Inc.
Around this home
Schools
Katherine Finchy Elementary School
Public K-5 • Assigned • 0.9mi
4/10
Raymond Cree Middle School
Public 6-8 • Assigned • 1.3mi
5/10
Palm Springs High School
Public 9-12 • Assigned • 0.7mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
3/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
7/10 Fire Factor
16% chance of being in a wildfire in next 30 years
9/10 Heat Factor
8 days above 112° expected this year, 23 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)
66
50
73
55
79
60
79
60
86
66
96
75
101
80
101
80
91
74
87
68
72
56
71
53
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.3 hours in
June and 7.4 hours in December, placing it above the
U.S. average for solar exposure.