Condo Investment Properties for Sale in Palm Desert, CA
143- 2 Bed
- 2 Bath
- 1177 sft
325- 2 Bed
- 1 Bath
- 924 sft
682- 2 Bed
- 3 Bath
- 1258 sft
61- 3 Bed
- 3 Bath
- 1814 sft
Why Invest in Palm Desert, California?
Palm Desert, CA condo investments offer steady appeal for passive income seekers amid a stabilizing desert market. With cap rates around 5% and average rents near $2,000 monthly, these properties deliver reliable cash flow. Tourism drives seasonal demand, boosting short-term rental potential while appreciation holds at 3% annually. Renter occupancy exceeds 60%, supported by retirees and remote workers favoring low-maintenance condos. Inventory growth provides entry points without pandemic-era premiums.
Frequently Asked Questions
Yes, with stabilizing prices and 5% cap rates, condos suit income-focused investors. Tourism supports rentals at $2,000 monthly average. Inventory growth offers better entry points than recent years.
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