Listed by Karla Maldonado •DRE #02249111 • The Ave

Contact: 626-392-9091

For sale

$1,100,000

Est. $7,415/mo —

•

3,475

sq ft

482 W Pico, Palm Springs, CA 92262

About this home

Rare opportunity to own a well-positioned five-unit multifamily property in Palm Springs’ desirable Racquet Club West neighborhood. Situated on an approximately 10,019-square-foot lot, this unique property offers five separate units, including four one-bedroom/one-bath units and one two-bedroom/one-bath unit, providing flexibility for investors, extended living, or a combination of both. Each residence features its own private walled patio, full kitchen, dedicated living space, and a blend of classic Palm Springs character and functional design, including vaulted beamed ceilings, concrete and tile flooring, built-ins, and ample storage. Residents can enjoy a shared in-ground heated pool, on-site laundry, generous off-street parking, and beautiful surrounding mountain and desert views. The property also benefits from separately metered gas and electricity. Located just minutes from Downtown Palm Springs, with convenient access to restaurants, shopping, entertainment, and the area's iconic desert lifestyle, 482 W Pico Rd offers an exceptional opportunity to own a multifamily asset in one of Southern California's most recognizable destinations.

Multi-familyProperty Type

1957Year Built

10,019 sq ftLot Size

$317Price/Sq.Ft.

8 spacesParking

Listing updated: Sep 29, 2026 at 02:41pm

Redfin checked: a minute ago

•Source:CRMLS #DW26204175

Payment calculator

$7,415 per month

Principal and interest$6,003

Property taxes

$1,146

HOA dues

Home insurance

$266

Utilities

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Open houses

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Nearby open houses (10)

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OPEN NOV 7, 11AM TO 2PM
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Around this home

Schools

K - 12
Preschool & daycare

Katherine Finchy Elementary School

Public K-5 • Assigned • 1.6mi

4/10

Raymond Cree Middle School

Public 6-8 • Assigned • 1.3mi

5/10

Palm Springs High School

Public 9-12 • Assigned • 3.2mi

5/10

Provided by GreatSchools

About Racquet Club

West

Racquet Club West, located between N Indian Canyon Dr and N Palm Canyon Dr, is a residential and resort-style Palm Springs neighborhood with midcentury streetscapes and mountain-view backdrops. The neighborhood’s character concentrates around the Palm Springs Visitor Center on N Palm Canyon Dr, where desert-modern lines meet a steady flow of design-minded stops. Architectural identity leans to low-slung ranch homes, post-and-beam profiles, and breezy patios set against the San Jacinto foothills. The Palm Springs Air Museum adds hangar-scale history nearby, while the Palm Springs Aerial Tramway frames weekend itineraries with high-altitude desert-to-alpine contrast. Ruth Hardy Park brings open lawns and courts into the daily rhythm. Dining and gallery circuits gather south along Palm Canyon’s core without pulling the area away from its quieter blocks.

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Interior features
One level
Entry at ground level
Carbon monoxide and smoke detectors
Living room
Den

Bedrooms
Multiple unit bedrooms (varies by unit; includes 2-bed and 1-bed units)

Bathrooms
Combination of full baths across units (units include 1 and 2 full baths)

Kitchen
Gas cooktop
Microwave
Refrigerator
Dishwasher
Vented exhaust fan
Gas water heater

Laundry & utility
Laundry room (individual room)
Washer/dryer provisions in units as applicable

Flooring
Tile
Laminate
Concrete

Heating & cooling
Wall heater
Gas cooling
Wall/window units
Evaporative cooling

Sale and tax history for 482 W Pico

Sale History
Tax History

Date

Event

Price

CRMLS #DW26204175

Sep 24, 2026

Listed

$1,100,000

$317/sq ft

GPSMLS #219097531

Oct 18, 2023

Sold

$989,000

$285/sq ft

Aug 10, 2023

Pending

—

Jul 23, 2023

Contingent

—

Jul 17, 2023

Listed

$989,000

$285/sq ft

+62

This five-unit residence offers instant income to the new owner. Just the right blend of old and new with plenty of character featuring Vaulted beamed ceilings, concrete or tile floors, lots of storage cabinets, and built-ins. In the Five units, you will find a total of FOUR: 1 Bd /1 Ba units AND ONE: 2 bd /1 ba unit. Each one has its own private walled patio, evaporative cooler, AC, In Wall heater and a full kitchen with all appliances (which are included in the sale). The two-bedroom unit has a fireplace in the living room. This Superior, quiet residential location is in the Racquet Club West neighborhood just five minutes from Palm Springs downtown. The property has been well maintained and continuously updated and improved you'll find nothing to do but start generating revenue. Fully rented, with tenants that wish to stay, you'll only need to decide what you want to do with the two-bedroom unit. Rent it out or use it yourself? Separately metered units for gas and electricity are all in good condition. This totally walled property has ample off-street parking, a laundry room, a generous in-ground pool & a pleasant common area, with low maintenance/ low water landscaping, and stunning views. Rental Income property is in demand, call today.

GPSMLS #219043824

Dec 22, 2020

Listing Removed

—

Dec 21, 2020

Sold

$704,000

$203/sq ft

Dec 11, 2020

Pending

—

Oct 30, 2020

Contingent

—

Sep 23, 2020

Relisted

—

Sep 9, 2020

Contingent

—

Aug 31, 2020

Price Changed

$719,000

$207/sq ft

Aug 11, 2020

Price Changed

$755,000

$217/sq ft

Jun 1, 2020

Listed

$775,000

$223/sq ft

+40

GPSMLS #4210604

Sep 18, 2019

Listing Removed

—

Jan 9, 1992

Listed

$234,500

$67/sq ft

CRMLS #SW14060003

Dec 2, 2014

Sold

$445,000

$128/sq ft

Sep 17, 2014

Pending

—

Sep 6, 2014

Pending

—

Aug 12, 2014

Price Changed

$450,000

$129/sq ft

Jul 27, 2014

Price Changed

$455,000

$131/sq ft

Jul 18, 2014

Relisted

—

Jul 17, 2014

Pending

—

May 14, 2014

Price Changed

$459,900

$132/sq ft

May 5, 2014

Price Changed

$465,000

$134/sq ft

Mar 24, 2014

Listed

$470,000

$135/sq ft

GPSMLS #21471920

Nov 14, 2013

Sold

$360,000

$104/sq ft

Nov 14, 2013

Sold

$360,000

$104/sq ft

Nov 5, 2013

Price Changed

$379,000

$109/sq ft

Nov 5, 2013

Pending

—

Sep 16, 2013

Price Changed

$389,000

$112/sq ft

Aug 23, 2013

Price Changed

$395,000

$114/sq ft

Aug 12, 2013

Price Changed

$399,900

$115/sq ft

Jul 29, 2013

Price Changed

$404,900

$117/sq ft

Jul 15, 2013

Price Changed

$409,900

$118/sq ft

May 24, 2013

Relisted

—

May 20, 2013

Pending

—

Apr 18, 2013

Price Changed

$414,900

$119/sq ft

Mar 4, 2013

Listed

$419,900

$121/sq ft

Public Records

Mar 10, 2005

Sold

$527,000

$152/sq ft

GPSMLS #21206077

Oct 16, 2004

Listed

$527,000

$152/sq ft

Oct 16, 2004

Listing Removed

—

GPSMLS #41151719

Apr 3, 2003

Sold

$319,000

$92/sq ft

Apr 3, 2003

Sold

$319,000

$92/sq ft

Feb 18, 2003

Listed

$319,000

$92/sq ft

GPSMLS #4906791

Mar 5, 2001

Listing Removed

—

Nov 27, 2000

Listed

$260,000

$75/sq ft

Public Records

Aug 30, 1996

Sold

$125,000

$36/sq ft

SDMLS #301708350

Jun 30, 1992

Listing Removed

—

Jan 9, 1992

Listed

$234,500

$67/sq ft

Public Records

Mar 18, 1986

Sold

$88,000

$25/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$13,184 (−2.4%)

$214,200 + $794,580

$1,008,780

2024

$13,506 (+2.5%)

$214,200 + $794,580

$1,008,780

2023

$13,176 (+22.5%)

$210,000 + $779,000

$989,000

2022

$10,753 (+1.8%)

$210,000 + $715,000

$925,000

2021

$10,560 (+39.7%)

$142,800 + $575,280

$718,080

2020

$7,558 (+1.5%)

$140,000 + $564,000

$704,000

2019

$7,449 (+1.6%)

$109,892 + $379,132

$489,024

2018

$7,334 (+1.2%)

$107,738 + $371,699

$479,437

2017

$7,243 (+3.0%)

$103,555 + $357,266

$460,821

2016

$7,031 (+4.9%)

$103,555 + $357,266

$460,821

2015

$6,700 (+20.1%)

$101,525 + $350,261

$451,786

2014

$5,578 (−34.2%)

$100,000 + $260,000

$360,000

2013

$8,479 (+6.3%)

$100,000 + $260,000

$360,000

2012

$7,974 (+5.7%)

$149,130 + $447,400

$596,530

2011

$7,541 (−1.4%)

$146,206 + $438,628

$584,834

2010

$7,651 (+0.2%)

$143,340 + $430,028

$573,368

2009

$7,638 (+7.1%)

$142,270 + $426,815

$569,085

2008

$7,132

$142,609 + $427,830

$570,439

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

10,019 Sq. Ft.

Year renovated

1957

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

—

Year built

1957

Style

Multi-Family (5+ Unit)

County

Riverside County

APN

504083015

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 28, 2026.

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

8 unhealthy days expected this year, 10 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

Redfin Estimate for 482 W Pico

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Details provided by CRMLS and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Affordability tools

See this home in person

Nearby open houses (10)

Around this home

Schools

Property details

Sale and tax history for 482 W Pico

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 482 W Pico

Early Access listings

Nearby similar homes

New listings for sale in 92262

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