OFF MARKET

Off market jun 2019 for $2.6M

—

Est. refi paymentEst. refi $17,573/mo

—

•

— ba

•

13,535

sq ft

550 S EL CIELO Rd, Palm Springs, CA 92264

About this home

Exceptional resort style 15 unit apartment complex now available. Excellent investment opportunity with significant upside. A total living space of 13,535 SQFT. The compound comprises of 2 two-story buildings with a single level casita building in the center. A private setting with gated entrances, large pool area, and covered carport parking. Lush and green with mature landscaping and towering palm trees provide an inviting and oasis-like atmosphere. The property is fully leased with 15 long term quality leases. This apartment complex offers a stable income and value-add opportunity to capitalize on one of the most robust real estate markets in the country. Professionally managed.

Multi-familyProperty Type

1970Year Built

0.7 acresLot Size

$196Price/Sq.Ft.

20 spacesParking

Listed by Panayot Tomov •DRE #01915444 • Coldwell Banker Realty

Listed by Michael Romberg •DRE #01267191 • Coldwell Banker Realty

Bought with Sasha Tsarevsky • ATT Capital Group Corp.

Redfin checked: a minute ago

•Source:GPSMLS #19445960

Redfin Estimate

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

Market trends in 92264, CA

Last updated October 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-list price

95.9%

0.2% MoM

Median sale price

$560K

$15K MoM

Avg. days on market

102d

4 days MoM

Recently sold homes

144

37 MoM

New listings for sale

OPEN SAT, 10AM TO 12PM
$2,300,000
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2525 S Calle Palo Fierro, Palm Springs, CA 92264
$459,000
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NEW 3 HRS AGO
$1,595,000
4 beds5 baths2,838 sq ft
2915 Guadalupe Rd, Palm Springs, CA 92264
NEW 20 HRS AGO
$995,000
2 beds2 baths1,760 sq ft
149 W Camino Encanto, Palm Springs, CA 92264
$455,000
2 beds2 baths1,549 sq ft
6269 E Driver, Palm Springs, CA 92264
$4,695,000
5 beds5 baths4,185 sq ft
38894 Trinidad Cir, Palm Springs, CA 92264
$340,000
1 bed1 bath816 sq ft
1150 E Palm Canyon Dr #40, Palm Springs, CA 92264
$2,199,000
5 beds4 baths2,766 sq ft
154 E Ocotillo Ave, Palm Springs, CA 92264
OPEN TUE, 10AM TO 12PM
$1,549,000
3 beds2 baths1,821 sq ft
2768 S Camino Real, Palm Springs, CA 92264
OPEN SAT, 12PM TO 3PM
$1,598,000
3 beds2.5 baths2,591 sq ft
3120 Marigold Cir, Palm Springs, CA 92264
See all

Provided by Redfin

Sale history for 550 S EL CIELO Rd

Date

Event

Price

RENTALBEAST #1

Dec 17, 2024

Rental Removed

$1,695

$0/sq ft

Nov 27, 2024

Listed for Rent

$1,695

$0/sq ft

GPSMLS #19445960

Jun 19, 2019

Sold

$2,650,000

$196/sq ft

Jun 19, 2019

Sold

$2,650,000

$196/sq ft

Jun 6, 2019

Pending

—

May 24, 2019

Contingent

—

May 9, 2019

Relisted

—

Apr 26, 2019

Contingent

—

Apr 22, 2019

Relisted

—

Apr 19, 2019

Contingent

—

Apr 15, 2019

Listed

$2,800,000

$207/sq ft

SDMLS #301759294

Jun 19, 2019

Sold

$2,650,000

$196/sq ft

Apr 15, 2019

Listed

$2,800,000

$207/sq ft

Public Records

May 10, 2018

Sold

$1,845,000

$136/sq ft

Public Records

Mar 19, 1999

Sold

$271,800

$20/sq ft

GPSMLS #2900438

Jan 24, 1999

Listing Removed

—

Jan 11, 1999

Listed

$795,000

$59/sq ft

Public Records

Oct 1, 1997

Sold

$660,000

$49/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$38,478 (−2.6%)

$443,752 + $2,571,490

$3,015,242

2024

$39,485 (−7.5%)

$435,051 + $2,521,069

$2,956,120

2023

$42,678 (+6.2%)

$426,521 + $2,471,637

$2,898,158

2022

$40,189 (+2.1%)

$418,158 + $2,423,174

$2,841,332

2021

$39,359 (+4.2%)

$409,959 + $2,375,661

$2,785,620

2020

$37,789 (+36.9%)

$401,921 + $2,329,081

$2,731,002

2019

$27,608 (+62.4%)

$397,800 + $2,305,200

$2,703,000

2018

$16,998 (+1.2%)

$357,000 + $1,524,900

$1,881,900

2017

$16,796 (+2.6%)

$247,188 + $774,002

$1,021,190

2016

$16,377 (+5.2%)

$247,188 + $774,002

$1,021,190

2015

$15,564 (+3.2%)

$242,342 + $758,826

$1,001,168

2014

$15,084 (+1.3%)

$234,027 + $732,789

$966,816

2013

$14,886 (+7.0%)

$234,027 + $732,789

$966,816

2012

$13,912 (+5.7%)

$232,970 + $729,478

$962,448

2011

$13,165 (−1.4%)

$228,402 + $715,175

$943,577

2010

$13,349 (−0.1%)

$223,924 + $701,152

$925,076

2009

$13,363 (+6.8%)

$222,251 + $695,913

$918,164

2008

$12,517

$222,780 + $697,567

$920,347

Tax history for 550 S EL CIELO Rd

Year

Property tax

Land + Additions

Assessment*

2025

$38,478 (−2.6%)

$443,752 + $2,571,490

$3,015,242

2024

$39,485 (−7.5%)

$435,051 + $2,521,069

$2,956,120

2023

$42,678 (+6.2%)

$426,521 + $2,471,637

$2,898,158

2022

$40,189 (+2.1%)

$418,158 + $2,423,174

$2,841,332

2021

$39,359 (+4.2%)

$409,959 + $2,375,661

$2,785,620

2020

$37,789 (+36.9%)

$401,921 + $2,329,081

$2,731,002

2019

$27,608 (+62.4%)

$397,800 + $2,305,200

$2,703,000

2018

$16,998 (+1.2%)

$357,000 + $1,524,900

$1,881,900

2017

$16,796 (+2.6%)

$247,188 + $774,002

$1,021,190

2016

$16,377 (+5.2%)

$247,188 + $774,002

$1,021,190

2015

$15,564 (+3.2%)

$242,342 + $758,826

$1,001,168

2014

$15,084 (+1.3%)

$234,027 + $732,789

$966,816

2013

$14,886 (+7.0%)

$234,027 + $732,789

$966,816

2012

$13,912 (+5.7%)

$232,970 + $729,478

$962,448

2011

$13,165 (−1.4%)

$228,402 + $715,175

$943,577

2010

$13,349 (−0.1%)

$223,924 + $701,152

$925,076

2009

$13,363 (+6.8%)

$222,251 + $695,913

$918,164

2008

$12,517

$222,780 + $697,567

$920,347

*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

0.7 Acres

Year renovated

1971

Sq. Ft.

—

Year built

1970

Style

Multi-Family (5+ Unit)

County

Riverside County

APN

680031013

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Nov 4, 2026.

Property details

Parking

Parking and Garage Information
Parking Spaces/Information: Total Parking Spaces: 20.00
Parking: Detached Carport

Interior

Equipment
Appliances: Refrigerator

Heating & Cooling
Heating: Other
Cooling Type: Heat Pump, Room Refrig Air, Wall/Window Unit(s), Zoned

Multi-Unit Income Information
Income & Expenses: Net Operating Income $: 125624.00
Income & Expenses: Gross Operating Income $: 186680.00
Income & Expenses: Gross Income $: 185800.00
Income & Expenses: Assessed Improvement $: 774002.00

Multi-Unit Expense Information
Income & Expenses: Vacancy Allowance % or $: 0.00
Income & Expenses: Cap Rate %: 4.50
Income & Expenses: Total Annual Operating Expenses $: 186680.00

Multi-Unit Property Counts
Total Units: 15
# of Buildings: 3

Exterior

Building Information
Building # of Stories: 2

Land Information
Lot Acres: 0.7027
Land Type: Fee
Land Type: Fee Simple

Lot Information
Lot Size Source: Assessor

Property Features
Sq Ft Source: Other

Location

Location Information
Directions: Ramon east to El Cielo Rd; go south. Second property on the left side.

Community Information
Unit Total in Complex: 15

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: 1.0
Lot Size: 0.7 acres
Style: Multi-Family (5+ Unit)
Year Built: 1970
Year Renovated: 1971
County: Riverside County
APN: 680031013

Home facts updated by county records on Nov 4, 2026

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 16-24% 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)

101

104

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

Is this your home?

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Home values near 550 S EL CIELO Rd

Data from public records.

Address	Redfin Estimate
518 South El Cielo Rd, Palm Springs, CA 4 Beds \| 3 Baths \| 1936 Sq. Ft.	$1,070,497
545 South Desert View Dr, Palm Springs, CA 5 Beds \| 5 Baths \| 1 Sq. Ft.	—
570 South Desert View Dr, Palm Springs, CA 6 Beds \| 4 Baths \| 2000 Sq. Ft.	$647,675

Address	Redfin Estimate
608 South El Cielo Rd, Palm Springs, CA 3 Beds \| 2 Baths \| 1184 Sq. Ft.	$794,403
519 South Desert View Dr, Palm Springs, CA 6 Beds \| 6 Baths \| 3500 Sq. Ft.	—
580 Desert View Dr, Palm Springs, CA 5 Beds \| 4 Baths \| 3100 Sq. Ft.	$1,130,599

Address	Redfin Estimate
561 South Desert View Dr, Palm Springs, CA 6 Beds \| 4 Baths \| 2464 Sq. Ft.	$1,038,072
615 South Desert View Dr, Palm Springs, CA 2 Beds \| 3 Baths \| 1825 Sq. Ft.	$849,746

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About this home

Redfin Estimate

Market trends in 92264, CA

Sale history for 550 S EL CIELO Rd

Tax history for 550 S EL CIELO 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 92264

Home values near 550 S EL CIELO Rd

More real estate resources