3940 E Calle De Ricardo, Palm Springs, CA 92264 (MLS# 219146767)

3940 E Calle De Ricardo, Palm Springs, CA 92264

$1,100,000
Property Type: Residential Income Bedrooms: 10 Baths: 5 Square Footage: 3,355 Status: Active Under Contract
Current Price: $1,100,000 List Date: 4/22/2026 Last Modified: 5/13/2026

Overview

Description

Exceptional investment opportunity in the heart of Palm Springs. This well-maintained five-unit multifamily property features spacious 2-bedroom, 1-bath residences, each thoughtfully updated with mini-split systems and in-unit laundry. Recent improvements include a new roof, new fencing, and an upgraded brick driveway, offering both curb appeal and long-term value. Fully leased and centrally located, this property provides immediate, stable income in one of the desert's most desirable rental markets.

Listing Details MLS# 219146767

General Property Information

Total Units
5
Total Bedrooms
10
Full Baths
5
Total Baths
5
Approx SqFt
3355
SqFt Source
Assessor
Fireplace
No
Building # of Stories
Yes
Pool
No
Lot Size Source
Assessor
Year Built
1970
Cross Streets
Ramon

Property Features

Sale Type: Standard Listing Terms: Cash; Cash to New Loan Disclosures: Pet Restrictions Levels: One Appliances: Dishwasher; Gas Cooktop; Gas Oven; Stackable W/D Hookup Flooring: Laminate; Other Cooling Type: Zoned Heating: Other Rooms: Living Room Laundry: Laundry Area Security Safety: None Sewer: In, Connected and Paid Parking: Shared Driveway Contingent Upon: Appraisal; Inspection; Loan Approval Land Lease Type: Fee Simple

Listing Location and Property Info

APN
680042009
Original List Price
1100000
Street #
3940
Street Direction
E
Street Name
Calle De Ricardo
County
Riverside
State
CA
Zip Code
92264
Area
334 - Palm Springs South End
Country
US

Listing Info

Number of Buildings
Yes
Laundry
Yes
Laundry Equipment
Own
Elevator
No

Tax Info

Tax Mello Roos
Unknown

Property Info

View
No
Senior Community
No
Gated Community
No

More Information

Status Change Info

Status Change Date
2026-04-29
Contingent
Active Under Contract

Counts

# Electric Meters
5
# Gas Meter
5
# Water Meters
Yes

Parking SpacesInformation

Total Parking Spaces
5

Listing, Location and Property Info

Entry Date
2026-04-22
Land Type
Fee

Income & Expenses

Actual Total Rent $
8500
Projected Rent $
10000

Sale Type

Standard
Yes

Listing Terms

Cash
Yes
Cash to New Loan
Yes

Parking Spaces/Information

RV
None
Total Covered Spaces
0
Total Uncovered/Assigned Spaces
5

Disclosures

Pet Restrictions
Yes

Levels

One
Yes

Appliances

Dishwasher
Yes
Gas Cooktop
Yes
Gas Oven
Yes
Stackable W/D Hookup
Yes

Flooring

Laminate
Yes
Other
Yes

Cooling Type

Zoned
Yes

Heating

Other
Yes

Rooms

Living Room
Yes

Laundry

Laundry Area
Yes

Security Safety

None
Yes

Sewer

In, Connected and Paid
Yes

Parking

Shared Driveway
Yes

Contingent Upon

Appraisal
Yes
Inspection
Yes
Loan Approval
Yes

Land Lease Type

Fee Simple
Yes
Listing Office: Desert Sotheby's Int'l Realty
Listing Agent: Kayla Toohey
Last Updated: May - 13 - 2026
Information deemed reliable but not guaranteed.

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