238 S Saturmino Palm Springs, CA ^$ 1,799,000

238 S Saturmino

^$ 1,799,000

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Recently Listed

238 S Saturmino

Palm Springs, CA, 92262

^$ 1,799,000

Bedrooms-- Baths6.0 Sq 5,733

Monthly Estimate*

^$ 11,077

Listed by REALTY MASTERS & ASSOCIATES

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Commercial Property for sale in Palm Springs, CA

for $1,799,000 with 6 full baths. This 5,733 square foot building was built in 1963 on a lot size of 0.32.

Excellent opportunity to acquire a 7-unit apartment complex in a highly desirable area of Palm Springs. Ideally situated in a strong rental corridor near downtown amenities, shopping, dining, and major transportation routes, this property offers investors stable cash flow in one of the Coachella Valley’s most sought-after rental markets.

Commercial Active

Price

^$ 1,799,000

Full Bath

Property Type

Commercial

Taxes

^$ 12,540

Style

Lot Size

0.32

Year Built

1963

Town/City

Palm Springs

County/Region

Riverside

MLS | Web ID

CV26045532

Days on Market

Features

General

Cooling Wall/Window Unit(s)

Year Built 1963

Property Subtype Multi Family

Current Use Multi-Family

County Riverside

Net Operating Income 107640

Operating Expense 32160

Insurance Expense 7660

Property Type Commercial Sale

MaintenanceExpense 1200

Special Listing Conditions Standard

Status Active

Directions North S Palm Canyon Dr. turn east on E Baristo Rd. turn south onto S Saturmino Dr. Complex on the right.

City Palm Springs

Number Of Units Total 7

MLS Area 332 - Central Palm Springs

Lot Size Units Square Feet

Lot Size Square Feet 13939

Number of Units Leased 7

Listing Terms Cash 1031 Exchange Submit

Land Lease Y/N false

Tax Annual Amount 12540

Electric Expense 0

Trash Expense 4800

Water Sewer Expense 1800

Additional Parcels Y/N false

Lease Considered Y/N false

Building Area Units Square Feet

Standard Status Active

Occupancy Type Tenant

Year Built Source Other

Property Sub Type Additional Multi Family

Cap Rate 6

Interior

Total Stories 1

Air Conditioning Y/N true

Laundry Features Inside

Entry Level 1

Exterior

Fencing Block

Lot Features Rectangular Lot

Water Source Public

Lot Size Area 13939

Number of Buildings 1

Building Area Total 5733

Lot Size Acres 0.32

* Excluded Features

List By

Realty Masters & Associates

Broker

michellebagi@outlook.com

Affordability Calculator

$12,122

Per Month

Monthly Principal & Interest: $11,077
Monthly Property Taxes: $1,045
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Palm Springs, CA

Average List Price ^$3,050,702

Percent of Sale Price 70%

About Palm Springs, CA

46,525 Population

9% Since 2002

^$49,313 Median Income

54.63 Median Age

11% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/3/2026	$1,799,000		Listed Price

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238 S Saturmino, Palm Springs, CA, 92262 is a Commercial Property for sale at $1,799,000 with 5,733 sqft and a lot size of 0.32. 238 S Saturmino has 6.0 baths and was built in 1963. The property's zip code is 92262 which is in Palm Springs, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 3/3/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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238 S Saturmino

Commercial Property for sale in Palm Springs, CA

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