5 Units, Pool, 2 blocks from downtown. Just completed $50,000 capital improvements! Excellent investment opportunity conveniently located next to desirable downtown Palm Springs with great appreciation potential. Submit your offers, this opportunity will not be on the market long. For all property questions (condition, tenancy, and history) call Kitty(Property Manager): 760-218-0922, for questions regarding the sale call Leonard: 760-578-8480.
Multi-familyProperty Type
1960Year Built
0.25 acresLot Size
$219Price/Sq.Ft.
6 spacesParking
Listed by Leonard Bustos•DRE #00865572• Moving Results Realty
*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
1
Lot width
—
Lot depth
—
Lot size
0.25 Acres
Year renovated
1957
Sq. Ft.
—
Year built
1957
Style
Multi-Family (5+ Unit)
County
Riverside County
APN
507024009
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 7, 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
Property details
Parking
Parking and Garage Information
Counts: # of Rented Garages: 0
Parking Spaces/Information: Total Uncovered/Assigned Spaces: 6.00
Parking Spaces/Information: Total Parking Spaces: 6.00
Parking Spaces/Information: Total Garage Spaces: 0.00
Parking Spaces/Information: Total Covered Spaces: 0.00
Parking Spaces/Information: Total Carport Spaces: 0.00
Parking: Direct Entrance, Unassigned, Shared Driveway, On Street
Interior
Bathroom Information
Full Baths: 5
Half Baths: 1
Room Information
Rooms: Dining Area, Living Room, Entry, Family Room, Dining Room
Individual Room, Laundry Area
Interior Features
Window Treatments: Awnings, Vertical Blinds
Entry Location: Ground Level - No Steps
Fireplace Information
No
Flooring
Flooring: Carpet, Tile
Equipment
Water Heater Feature: Water Heater Unit
Counts: # of Refrigerators: 5
Counts: # of Ranges: 5
Counts: # of Disposals: 5
Counts: # of Dishwashers: 5
Heating & Cooling
Heating Fuel: Natural Gas
Heating: Central, Forced Air
Cooling Type: Air Conditioning, Wall/Window Unit(s), Evaporative Cooling, Central Air
Multi-Unit General Information
Rent Control: Yes
Water Heater: Yes
Electricity, Water, Trash Collection, Pool Service, Gardener, Gas
No
Tenant Pays: Cable TV
Multi-Unit Income Information
Income & Expenses: Other Income 1 $: 0.00
Income & Expenses: Net Operating Income $: 41494.24
Income & Expenses: Monthly Gross Income $: 5440.00
Income & Expenses: Laundry Income $: 0.00
Income & Expenses: Gross Schedule Income $: 65280.00
Income & Expenses: Gross Operating Income $: 65280.00
Income & Expenses: Gross Income $: 65280.00
Income & Expenses: Gross Annual Income $: 65280.00
Income & Expenses: Garage Rental Rate $: 0.00
Income & Expenses: Garage Income $: 0.00
Income & Expenses: Annual Gross Rent $: 65280.00
Income & Expenses: Actual Total Rent $: 65280.00
Multi-Unit Expense Information
Income & Expenses: Water Expense $: 750.88
Income & Expenses: Trash $: 1695.07
Income & Expenses: Projected Rent $: 65280.00
Income & Expenses: Supplies $: 137.03
Income & Expenses: Total Taxes $: 4200.29
Income & Expenses: Pool Expense $: 1600.00
Income & Expenses: Pest Control $: 420.00
Income & Expenses: Manager $: 3920.00
Income & Expenses: Licenses $: 95.00
Income & Expenses: Insurance $: 1456.00
Income & Expenses: Gas $: 1166.33
Income & Expenses: Gardener $: 1500.00
Income & Expenses: Expense Management $: 0.00
Income & Expenses: Elevator Expense $: 0.00
Income & Expenses: Electricity $: 3142.50
Income & Expenses: Cable TV $: 0.00
Multi-Unit Property Counts
Total Units: 5
# of Units Leased: 5
# of Buildings: 1
Exterior
Building Information
Roofing: Composition Shingle
Foundation: Slab
Exterior Construction: Frame, Hard Coat Stucco
Levels: Ground, One, Ground Level, No Unit Above
Building Style: Traditional
Building # of Stories: 1
Year Built Source: Assessor
Exterior Features
Security Safety: None
Patio Features: Awning(s), Covered
Counts: # of Patios: 5
Entry Floor Number: 1
Pool Information
Pool Location: Community
Pool Description: Community, Tile, In Ground, Fenced
Pool Construction: In Ground, Tile
Pool Accessories: Pool Sweep, Safety Gate, Safety Fence
Yes
Land Information
Lot Acres: 0.2400
Land Type: Fee
Land Type: Fee Simple
Irrigation: Sprinkler System, Sprinkler Timer
Lot Information
Paved: Yes
Lot Location: Near Public Transit
Lot Description: Landscaped, Utilities - Overhead, Yard, Utilities Underground, Single Lot, Street Public, Street Paved, Street Lighting, Storm Drains, Private, Level
Lot Size Source: Assessor
Zoning Source: Assessor
Property Features
View Type: Mountain(s)
Property Orientation Faces: Front Door Faces North
Association Fees Include: Building & Grounds, Trash, Water, Utilities, Electricity, Sewer, Security, Maintenance Paid, Insurance, Gas
School Information
Other Schools: Creative Beginnings
Elementary School: Katherine Finchy
Junior Middle School: Raymond Cree
High School: Palm Springs
Location Information
Directions: From the 10 Freeway, take N. Indian Canyon south to Vista Chino, turn left or east 2 blocks to N. Via Miraleste, turn right 2 blocks to Chuckwalla Road, the property is located on the South East corner.
Cross Streets: Chuckwalla and Miraleste
Community Information
Unit Total in Complex: 5
Gated Community: No
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: 1.0
Lot Size: 0.25 acres
Style: Multi-Family (5+ Unit)
Year Built: 1957
Year Renovated: 1957
County: Riverside County
APN: 507024009
Home facts updated by county records on Aug 7, 2026
Other
Documents & Disclosures
Owner Has Real Estate License, Rent Control
Listing Information
Sale Type: Standard
Close Of Escrow
1031 Exchange, Submit, Cash, Conventional, Cash to New Loan
Around this home
Schools
Katherine Finchy Elementary School
Public K-5 • Assigned • 0.5mi
4/10
Raymond Cree Middle School
Public 6-8 • Assigned • 0.4mi
5/10
Palm Springs High School
Public 9-12 • Assigned • 2.1mi
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)
66
50
73
55
79
60
79
60
86
66
96
75
100
78
101
80
94
76
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 10.8 hours in
June and 7.3 hours in December, placing it above the
U.S. average for solar exposure.