A lucrative opportunity to own an already remodeled triplex in the vibrant Palm Springs market. A well improved and reimagined resort style property. This income-generating asset is comprised of 2 buildings, which offer three very private units. Property is delivered vacant. Secluded pool and spa nested behind the hedges and gates of the property. Top notch remodel and appliances; from the Viking Stove to the high-end bathroom & shower finishes, nothing has been overlooked. Great location right off Ramon Rd. This real estate gem is now offered to qualified investors or future homeowners looking for a compound.
Multi-familyProperty Type
1955Year Built
9,583 sq ftLot Size
$510Est. Price/Sq.Ft.
6 spacesParking
Listed by Panayot Tomov•DRE #01915444• Coldwell Banker Realty
Listed by Michael Romberg•DRE #01267191• Coldwell Banker Realty
Bought with Subscriber Non• Non-Participant Office
A lucrative opportunity to own an already remodeled triplex in the vibrant Palm Springs market. A well improved and reimagined resort style property. This income-generating asset is comprised of 2 buildings, which offer three very private units. Property is delivered vacant. Secluded pool and spa nested behind the hedges and gates of the property. Top notch remodel and appliances; from the Viking Stove to the high-end bathroom & shower finishes, nothing has been overlooked. Great location right off Ramon
A lucrative opportunity to own an already remodeled triplex in the vibrant Palm Springs market. A well improved and reimagined resort style property. This income-generating asset is comprised of 2 buildings, which offer three very private units. Property is delivered vacant. Secluded pool and spa nested behind the hedges and gates of the property. Top notch remodel and appliances; from the Viking Stove to the high-end bathroom & shower finishes, nothing has been overlooked. Great location right off Ramon Rd. This real estate gem is now offered to qualified investors or future homeowners looking for a compound.
GPSMLS #17218428
Dec 19, 2017
Sold
$390,000
$201/sq ft
Dec 19, 2017
Sold
$390,000
$201/sq ft
Jun 13, 2017
Pending
—
Jun 3, 2017
Relisted
—
May 29, 2017
Delisted
—
Apr 21, 2017
Listed
$425,000
$220/sq ft
TRIPLEX IN DESIRABLE SOUTH PALM SPRINGS LOCATION. On 1/ 4 acre lot. Each unit individually metered. One two bedroom one bath unit, two one bedroom one bath units each with separate fenced yard/patio . Off street parking. All currently rented month-to-month at below market at total of $24,600. Great for hands - on owner manager/small investor. Convenient location: near bus line, airport, and city hall.
SDMLS #301712075
Dec 19, 2017
Sold
$390,000
$201/sq ft
Apr 21, 2017
Listed
$425,000
$220/sq ft
GPSMLS #15897417
Feb 4, 2016
Listing Removed
—
Jan 13, 2016
Price Changed
$395,000
$204/sq ft
Nov 18, 2015
Price Changed
$397,500
$205/sq ft
Apr 19, 2015
Listed
$425,000
$220/sq ft
SDMLS #301789382
Feb 4, 2016
Listing Removed
—
Apr 19, 2015
Listed
$395,000
$204/sq ft
GPSMLS #14773623
Dec 2, 2014
Listing Removed
—
Aug 5, 2014
Price Changed
$435,000
$225/sq ft
Jul 2, 2014
Listed
$465,000
$240/sq ft
GPSMLS #21306936
May 21, 2008
Listing Removed
—
Oct 13, 2007
Listed
$594,900
$307/sq ft
GPSMLS #41193408
Jan 14, 2005
Sold
$490,000
$253/sq ft
Jan 14, 2005
Sold
$490,000
$253/sq ft
Oct 4, 2004
Listed
$499,950
$258/sq ft
GPSMLS #41155418
May 28, 2003
Sold
$390,000
$201/sq ft
May 28, 2003
Sold
$390,000
$201/sq ft
Apr 2, 2003
Listed
$399,000
$206/sq ft
GPSMLS #41137048
Sep 30, 2002
Sold
$309,000
$160/sq ft
Sep 30, 2002
Sold
$309,000
$160/sq ft
Jul 6, 2002
Listed
$334,900
$173/sq ft
GPSMLS #41125097
Mar 29, 2002
Sold
$152,000
$79/sq ft
Mar 29, 2002
Sold
$152,000
$79/sq ft
Jan 14, 2002
Listed
$169,900
$88/sq ft
Public Records
Jul 28, 1999
Sold
$175,000
$90/sq ft
Public Records
Nov 22, 1995
Sold
$74,500
$38/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$12,705 (−1.8%)
$189,635 + $568,911
$758,546
2024
$12,942 (−1.3%)
$185,917 + $557,756
$743,673
2023
$13,115
$182,272 + $546,820
$729,092
2022
$13,126 (+33.3%)
$178,699 + $536,099
$714,798
2021
$9,850 (+4.3%)
$175,196 + $525,588
$700,784
2020
$9,440 (+47.9%)
$171,761 + $515,283
$687,044
2019
$6,384 (+9.2%)
$170,000 + $510,000
$680,000
2018
$5,845 (+20.2%)
$102,000 + $331,350
$433,350
2017
$4,865 (−40.0%)
$78,000 + $232,000
$310,000
2016
$8,107 (+79.4%)
$78,000 + $232,000
$310,000
2015
$4,518 (+11.9%)
$176,618 + $400,343
$576,961
2014
$4,036 (+0.7%)
$65,000 + $200,000
$265,000
2013
$4,006 (+5.1%)
$65,000 + $200,000
$265,000
2012
$3,811 (−7.7%)
$65,000 + $200,000
$265,000
2011
$4,130 (−2.1%)
$65,000 + $200,000
$265,000
2010
$4,217 (−39.3%)
$90,000 + $210,000
$300,000
2009
$6,942 (+39.5%)
$90,000 + $210,000
$300,000
2008
$4,978
$162,364 + $368,026
$530,390
Tax history for 518 S EL CIELO Rd
Year
Property tax
Land + Additions
Assessment*
2025
$12,705 (−1.8%)
$189,635 + $568,911
$758,546
2024
$12,942 (−1.3%)
$185,917 + $557,756
$743,673
2023
$13,115
$182,272 + $546,820
$729,092
2022
$13,126 (+33.3%)
$178,699 + $536,099
$714,798
2021
$9,850 (+4.3%)
$175,196 + $525,588
$700,784
2020
$9,440 (+47.9%)
$171,761 + $515,283
$687,044
2019
$6,384 (+9.2%)
$170,000 + $510,000
$680,000
2018
$5,845 (+20.2%)
$102,000 + $331,350
$433,350
2017
$4,865 (−40.0%)
$78,000 + $232,000
$310,000
2016
$8,107 (+79.4%)
$78,000 + $232,000
$310,000
2015
$4,518 (+11.9%)
$176,618 + $400,343
$576,961
2014
$4,036 (+0.7%)
$65,000 + $200,000
$265,000
2013
$4,006 (+5.1%)
$65,000 + $200,000
$265,000
2012
$3,811 (−7.7%)
$65,000 + $200,000
$265,000
2011
$4,130 (−2.1%)
$65,000 + $200,000
$265,000
2010
$4,217 (−39.3%)
$90,000 + $210,000
$300,000
2009
$6,942 (+39.5%)
$90,000 + $210,000
$300,000
2008
$4,978
$162,364 + $368,026
$530,390
*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
4
Baths
3
Stories
1
Lot width
—
Lot depth
—
Lot size
9,583
Year renovated
2022
Sq. Ft.
1,936
Year built
1955
Style
Multi-Family (2-4 Unit)
County
Riverside County
APN
680031014
Parking Spaces
6
Basement
No
Accessible
No
HOA Dues
—
Garage
No
Features
Views, Pool
Last updated by owner on Mar 1, 2022.
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
Parking Spaces/Information: Total Parking Spaces: 6.00
Interior
Equipment
Appliances: Refrigerator, Water Filter
Heating & Cooling
Heating: Central
Cooling Type: Air Conditioning
Multi-Unit Income Information
Income & Expenses: Net Operating Income $: 27756.00
Income & Expenses: Gross Operating Income $: 43320.00
Income & Expenses: Gross Income $: 43320.00
Income & Expenses: Gross Annual Income $: 43320.00
Income & Expenses: Assessed Improvement $: 232000.00
Income & Expenses: Annual Gross Rent $: 43320.00
Multi-Unit Expense Information
Income & Expenses: Vacancy Allowance % or $: 0.00
Income & Expenses: Total Annual Operating Expenses $: 43320.00
Multi-Unit Property Counts
Total Units: 3
# of Buildings: 2
Exterior
Building Information
Building # of Stories: 1
Land Information
Lot Acres: 0.2199
Land Type: Fee
Land Type: Fee Simple
Lot Information
Lot Size Source: Other
Property Features
Sq Ft Source: Appraiser
Location
Location Information
Directions: First Property south of Ramon on the East side.
Community Information
Unit Total in Complex: 3
Public facts
Beds: 4
Baths: 3.0
Sq. Ft.: 1,936
Stories: 1.0
Parking Spaces: 6
Basement: No
Accessible: No
Lot Size: 9,583 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1955
Year Renovated: 2022
County: Riverside County
APN: 680031014
HOA Dues: —
Garage: No
Features: Views, Pool
Home facts updated by owner on Mar 1, 2022
Other
Listing Information
Sale Type: Standard
Around this home
Schools
K - 12
Preschool & daycare
Cahuilla Elementary School
Public K-5 • Assigned • 1.7mi
3/10
Raymond Cree Middle School
Public 6-8 • Assigned • 2.5mi
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
Estimated 14-20% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
7 days above 112° expected this year, 21 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 • 92264
Average low and high temperatures (°F)
69
48
76
55
82
60
83
60
91
66
101
74
104
79
104
79
94
74
87
64
75
54
73
50
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.
10.3 hrs
7.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.02M – $1.23M
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