Multi Family Investment Properties for Sale in Palm Springs, CA
6850- - Bed
- - Bath
- - sft
1161- 4 Bed
- 2 Bath
- 1392 sft
2829- 3 Bed
- 3 Bath
- 1466 sft
1702- 4 Bed
- 4 Bath
- 2732 sft
Why Invest in Palm Springs, California?
Multi-family properties in Palm Springs, CA offer strong potential for investors seeking steady cash flow amid a stabilizing market. Tourism and remote work migration sustain rental demand, with short-term rental opportunities despite new regulations limiting to 26 days annually. Average rents hold firm while inventory rises, supporting cap rates around 5-6%. Appreciation is projected at 3.6% for 2026 after recent dips, with renter occupancy near 60%. Limited supply and lifestyle appeal make multi-family a resilient choice for long-term holds.
Frequently Asked Questions
Yes, despite STR limits to 26 days, multi-family properties benefit from long-term rental demand driven by tourism and migration. Stable rents and improving inventory support positive cash flow. Investors should focus on updated units for best returns.
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