OFF MARKET

Off market oct 2016 for $840K

—

Est. refi paymentEst. refi $5,691/mo

•

9 ba

•

3,750

sq ft

700 N Riverside Dr, Palm Springs, CA 92264

About this home

Beautifully landscaped 8 unit corner apartment building situated in the Tahquitz River Estates area of Palm Springs. The property is located in the high demand rental area in very close proximity to downtown Palm Springs along the revitalized Tahquitz River Parkway. Controlled access entry to the property opens to a warm and spacious courtyard setting with an inviting pool set off to the side of the common area. Central heat & air, laundry room, master metered for utilities and off street parking for 11 cars. Moderate upside in the rents with the potential for more added value. Units 5 and 7 are projected rents. This is an ideal investment opportunity for the first time buyer or for a savvy investor who is interested in adding to their portfolio. Lot size is approximate. Please see attached docs. Please do not disturb tenants or walk on property.

Multi-familyProperty Type

1951Year Built

0.37 acresLot Size

$224Price/Sq.Ft.

11 spacesParking

Listed by Alan Wachman •DRE #01047592 • Miller & Desatnik Realty Co.

•310-704-2274 (agent)

•WACH@MDREALTYCORP.COM (agent)

Bought with Paul Kaplan •DRE #01325586 • The Paul Kaplan Group Inc

Redfin checked: 2 minutes ago

•Source:TheMLS #16-164392

Redfin Estimate

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

Market trends in 92264, CA

Last updated September 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

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$435,000
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See all

Provided by Redfin

Sale history for 700 N Riverside Dr

Date

Event

Price

APPFOLIO #2

Feb 1, 2024

Rental Removed

$1,399

$0/sq ft

Oct 15, 2023

Listed for Rent

$1,399

$0/sq ft

RENT. #1

Feb 25, 2024

Rental Removed

$1,299

$0/sq ft

Feb 7, 2024

Listed for Rent

$1,299

$0/sq ft

Jan 31, 2024

Rental Removed

$1,399

$0/sq ft

Jan 9, 2024

Listed for Rent

$1,399

$0/sq ft

Dec 23, 2023

Rental Removed

$1,399

$0/sq ft

Oct 15, 2023

Listed for Rent

$1,399

$0/sq ft

Jun 1, 2023

Rental Removed

—

TheMLS #16-164392

Oct 21, 2016

Sold

$840,000

$224/sq ft

Oct 17, 2016

Pending

—

Oct 4, 2016

Pending

—

Sep 21, 2016

Listed

$890,000

$237/sq ft

SDMLS #301726152

Oct 21, 2016

Sold

$840,000

$224/sq ft

Sep 15, 2016

Listed

$890,000

$237/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$13,298 (−2.3%)

$197,296 + $777,589

$974,885

2024

$13,610 (−1.6%)

$197,296 + $777,589

$974,885

2023

$13,836 (−0.1%)

$193,428 + $762,343

$955,771

2022

$13,851 (+1.8%)

$189,636 + $747,396

$937,032

2021

$13,604 (+4.1%)

$185,918 + $732,742

$918,660

2020

$13,066 (+1.5%)

$182,273 + $718,375

$900,648

2019

$12,869 (+1.7%)

$180,405 + $711,009

$891,414

2018

$12,658 (+1.3%)

$176,868 + $697,068

$873,936

2017

$12,494 (+123.6%)

$170,000 + $670,000

$840,000

2016

$5,589 (+6.3%)

$170,000 + $670,000

$840,000

2015

$5,257 (+4.4%)

$99,827 + $193,422

$293,249

2014

$5,036 (+2.8%)

$96,403 + $186,786

$283,189

2013

$4,899 (+8.1%)

$96,403 + $186,786

$283,189

2012

$4,532 (+5.8%)

$95,968 + $185,943

$281,911

2011

$4,284 (−1.3%)

$94,087 + $182,298

$276,385

2010

$4,341 (−2.8%)

$92,243 + $178,724

$270,967

2009

$4,464 (+5.6%)

$91,554 + $177,390

$268,944

2008

$4,227

$91,772 + $177,812

$269,584

Tax history for 700 N Riverside Dr

Year

Property tax

Land + Additions

Assessment*

2025

$13,298 (−2.3%)

$197,296 + $777,589

$974,885

2024

$13,610 (−1.6%)

$197,296 + $777,589

$974,885

2023

$13,836 (−0.1%)

$193,428 + $762,343

$955,771

2022

$13,851 (+1.8%)

$189,636 + $747,396

$937,032

2021

$13,604 (+4.1%)

$185,918 + $732,742

$918,660

2020

$13,066 (+1.5%)

$182,273 + $718,375

$900,648

2019

$12,869 (+1.7%)

$180,405 + $711,009

$891,414

2018

$12,658 (+1.3%)

$176,868 + $697,068

$873,936

2017

$12,494 (+123.6%)

$170,000 + $670,000

$840,000

2016

$5,589 (+6.3%)

$170,000 + $670,000

$840,000

2015

$5,257 (+4.4%)

$99,827 + $193,422

$293,249

2014

$5,036 (+2.8%)

$96,403 + $186,786

$283,189

2013

$4,899 (+8.1%)

$96,403 + $186,786

$283,189

2012

$4,532 (+5.8%)

$95,968 + $185,943

$281,911

2011

$4,284 (−1.3%)

$94,087 + $182,298

$276,385

2010

$4,341 (−2.8%)

$92,243 + $178,724

$270,967

2009

$4,464 (+5.6%)

$91,554 + $177,390

$268,944

2008

$4,227

$91,772 + $177,812

$269,584

*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

Lot width

—

Lot depth

—

Lot size

0.39 Acres

Year renovated

1952

Sq. Ft.

—

Year built

1952

Style

Multi-Family (5+ Unit)

County

Riverside County

APN

508181016

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 7, 2026.

Jul 18, 2024 • Final

Building (commercial) - pool & spa

Remodel an existing pool by installing and relocating pool equipment. Construct a block wall and install a fence.

Pool and hot tub

Remodel

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

Garage
Uncovered

Parking
# of Parking Spaces (Total): 11

Interior

Equipment
Other

Heating & Cooling
Central Cooling
Central Heat

Multi-Unit Income
Gross Income: 73500
Gross Operating Income: $73,500
Net Operating Income: $33,722

Multi-Unit Expenses
Trash Expense: $1,800
Gas Expense: $1,400
Insurance Expense: $5,000
Pool Expense: $1,500
Electric Expense: $9,950
Water Expense: $950
Gardener Expense: $3,000
Total Annual Expense: $37,600
Tax Expense: $11,500

Multi-Unit Other Financial Information
Cap Rate: 3.79
Gross Rent Multiplier: 12.11
Vacancy Rate: 3
Scheduled Actual: Scheduled

Multi-Unit Information
Unit Type Type: 1, 2, 3, 4, 5, 6, 7, 8
Type Of Units: Flats
# of Buildings: 3

Unit 1 Information
# of Beds: 0
# of Baths: 1.00
Rent: $700
Projected Rent: $700
Actual Rent: $700
# of Units: 1

Unit 2 Information
# of Beds: 0
# of Baths: 1.00
Rent: $650
Projected Rent: $650
Actual Rent: $650
# of Units: 1

Unit 3 Information
# of Beds: 0
# of Baths: 1.00
Rent: $700
Projected Rent: $700
Actual Rent: $700
# of Units: 1

Unit 4 Information
# of Beds: 0
# of Baths: 1.00
Rent: $500
Projected Rent: $500
Actual Rent: $500
# of Units: 1

Unit 5 Information
# of Beds: 0
# of Baths: 1.00
Rent: $750
Projected Rent: $750
Actual Rent: $750
# of Units: 1

Unit 6 Information
# of Beds: 2
# of Baths: 1.00
Rent: $1,100
Projected Rent: $1,100
Actual Rent: $1,100
# of Units: 1

Unit 7 Information
# of Beds: 0
# of Baths: 1.00
Rent: $750
Projected Rent: $750
Actual Rent: $750
# of Units: 1

Unit 8 Information
# of Beds: 1
# of Baths: 2.00
Rent: $900
Projected Rent: $900
Actual Rent: $900
# of Units: 1

Exterior

Building Information
Total Floors: 1

Pool Information
In Ground Pool, Private Pool

Property Information
Property Type: Residential Income

Lot Information
Lot Size (Sq. Ft.): 16,210
Zoning: R3

Financial

Assessment Information
Assessor Parcel Number: 508-181-016

Utilities

Utility Information
Sewer: In Street

Location

Community Information
# of Units in Complex (Total): 8

Location Information
Directions: Two blocks North of Palm Canyon Drive and one block East of Sunny Dunes.

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: 1.0
Lot Size: 0.39 acres
Style: Multi-Family (5+ Unit)
Year Built: 1952
Year Renovated: 1952
County: Riverside County
APN: 508181016

Home facts updated by county records on Aug 7, 2026

Other

Documents & Disclosures
Disclosures: As Is

Around this home

Schools

Cahuilla Elementary School

Public K-5 • Assigned • 0.3mi

3/10

Raymond Cree Middle School

Public 6-8 • Assigned • 2.3mi

5/10

Palm Springs High School

Public 9-12 • Assigned • 1.2mi

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

9 days above 110° expected this year, 26 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 700 N Riverside Dr

Data from public records.

Address	Redfin Estimate
719 Riverside Place, Palm Springs, CA - Beds \| - Baths \| 11824 Sq. Ft.	—
750 S Calle Palo Fierro #2, Palm Springs, CA 2 Beds \| 2.5 Baths \| 1266 Sq. Ft.	$500,227

Address	Redfin Estimate
715 E Sunny Dunes Road, Palm Springs, CA 3 Beds \| 3 Baths \| 1876 Sq. Ft.	$1,127,414
750 S Calle Palo Fierro #3, Palm Springs, CA 2 Beds \| 2.5 Baths \| 1160 Sq. Ft.	$550,533

Address	Redfin Estimate
750 S Calle Palo Fierro #1, Palm Springs, CA 2 Beds \| 2.5 Baths \| 1240 Sq. Ft.	$518,154
750 S Calle Palo Fierro #4, Palm Springs, CA 2 Beds \| 2.5 Baths \| 1266 Sq. Ft.	$527,494

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About this home

Redfin Estimate

Market trends in 92264, CA

Sale history for 700 N Riverside Dr

Tax history for 700 N Riverside Dr

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 700 N Riverside Dr

More real estate resources