$1,469,000

Residential Income In Palm Springs

  • 8 Beds
  • 4 Baths
  • 3,500 Sqft
  • 11,326.0 Ac lot
  • Updated: October 21
  • 1
  • Source:
    California Desert Association of REALTORS  MLS#219154632

About the Property

Reimagined Mid-Century Fourplex. A distinctive Palm Springs take on multifamily living, this extensively renovated four-unit property was thoughtfully reimagined in 2021 as a boutique mid-century apartment community, with all four units are occupied by long-term tenants, offering immediate rental income and a compelling opportunity for an investor.
The renovation was extensive:stucco was repai
Reimagined Mid-Century Fourplex. A distinctive Palm Springs take on multifamily living, this extensively renovated four-unit property was thoughtfully reimagined in 2021 as a boutique mid-century apartment community, with all four units are occupied by long-term tenants, offering immediate rental income and a compelling opportunity for an investor.
The renovation was extensive:stucco was repaired and repainted, while new windows and doors enhance appearances and energy efficiency. Units 2 and 3 received thoughtfully reconfigured kitchens that open to the living spaces, accented by breeze block, integrated workspaces, and custom shelving, with all 4 units getting refreshed.

At the heart of the property, the pool courtyard was completely reimagined with expanded lounge space, colorful shade sails, breeze-block accents, and a custom Marilyn Monroe mural all surrounded by grounds transformed into a lush, resort-like setting.

The property’s infrastructure and common areas have been equally well cared for. The parking area was patched, resurfaced and restriped; a new mailbox cluster reinforces the mid-century aesthetic; and the foam roof was recoated in 2026. Translucent milk-glass entry gates replaced the original see-through metal gates, adding privacy, security and a sophisticated architectural detail.

Unit 4 offers an especially compelling owner-user opportunity. The living area was substantially redesigned to capture the pool and courtyard views, with the kitchen relocated to the north wall and two new sliding glass doors creating a stronger indoor-outdoor connection. A new clerestory window brings morning light into the primary bedroom. The private courtyard was opened to the sky, with new patterned concrete paving, colorful shade sails and breeze-block detailing. A separate stackable washer/dryer, outdoor shower with mosaic tile and new tankless water heater complete the upgrades.

Unit 1 remains attractively positioned below market, providing an additional value-add opportunity for a future owner or investor.

With its combination of Palm Springs architectural character, resort-style outdoor living, extensive capital improvements, long-term tenancy and owner-user potential, this is a rare opportunity to own a small boutique multifamily property that feels more like a private desert retreat than a traditional fourplex. Fee simple (you own the land).
…
  • Property type

    Other

  • Floors

    1

  • Year built

    1977

  • Price/sqft

    $419

Features

Features

Lot

Indoor

  • Kitchen island
  • Washer Dryer
  • Bar
  • Open Kitchen
  • Stone Countertops

Outdoor

  • Parking
  • Pool
  • Outdoor Living Space
  • Gate

Explore the Area

723 E Cottonwood Road, Palm Springs, California, United States View on Google Maps
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Realty Trust - Palm Springs

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Realty Trust - Palm Springs
California, United States
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5
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2025
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Realty Trust - Palm Springs
Palm Springs, California, United States
View agency profile
Last updated
October 21
First listed
October 21
Listing reference
219154632
Listing status
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