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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Palm Springs, CA
Listed for sale 1 day ago
$ 632,000
ROI
22.5
Cash Flow/m
426- 3 Bed
- 3 Bath
- 2355 sft
231 E La Verne Way, Palm Springs, CA, 92264
Airbnb Potential
Listed for sale 1 day ago
$ 218,000
ROI
20.0Cash Flow/m
17- 1 Bed
- 1 Bath
- 750 sft
2160 S Palm Canyon Dr Unit 7, Palm Springs, CA, 92264
Listed for sale 1 day ago
$ 575,000
ROI
21.6Cash Flow/m
246- 2 Bed
- 2 Bath
- 1405 sft
1833 S Araby Dr APT 11, Palm Springs, CA, 92264
Listed for sale 1 day ago
$ 499,900
ROI
23.0Cash Flow/m
457- 2 Bed
- 2 Bath
- 1259 sft
500 E Amado Rd Unit 706, Palm Springs, CA, 92262
Why Invest in Palm Springs, California?
Palm Springs condo investments offer steady returns amid a balanced market with rising inventory. Tourism supports strong short-term rental demand despite new 2026 regulations limiting rentals to 26 days annually. Expect 3-4% appreciation with cap rates around 5-6% and average rents holding firm. Renter occupancy remains high at 40%, bolstered by lifestyle migration from coastal California. Limited supply and mid-century appeal make condos a smart long-term play.
6.2%
Avg. ROI
5.1%
Rental Yield
5.4%
Cap Rate
$1850/mo
Avg. Cash Flow
$2450/mo
Avg. Rent
3.6%
1Y Appreciation
Frequently Asked Questions
Yes, with projected 3.6% appreciation and 5%+ cap rates, condos offer solid returns. Tourism sustains rental demand despite STR limits. Balanced inventory favors value buys around $400k median.
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