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$3,250,000

211 Sunrise Way

Palm Springs, CA 92262

Active

Riverside

County

Land

Property Type

About this home

15 Unit Medium-Density Multifamily Development Opportunity on 1.37-Acres in Central Palm Springs.Rare opportunity to acquire one of the few remaining multifamily infill development sites in central Palm Springs. This 1.37-acre parcel is planned for a 15-lot residential subdivision and is currently awaiting final approval, offering developers a compelling opportunity to deliver new housing in a supply-constrained market.Ideally positioned between downtown Palm Springs and The Palm Springs International Airport, the site provides convenient access to shopping, dining, entertainment, and major transportation corridors. Situated on fee land, the property offers the benefit of true land ownership, an increasingly valuable advantage in Palm Springs.Located on site of the former Gas Company building set to be sold separately or as a packaged deal.

Listed by Ryan Bragg · DRE #02023459 · Compass

MLS #1155019581

ListedMar 11, 2026

Property Details

Architecture

StoriesN/A

StyleN/A

Total UnitsN/A

RoofN/A

Garage SpacesN/A

PoolN/A

SpaN/A

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringN/A

CoolingN/A

HeatingN/A

FireplaceN/A

LaundryN/A

Parking FeaturesN/A

Parking Total0

Patio & PorchN/A

Entry LevelN/A

Entry LocationN/A

Common WallsN/A

Property Features

Lot Size1.37 ac

Lot FeaturesN/A

ViewMountains

DirectionsGPS

Community

Area332 - Central Palm Springs

School DistrictN/A

Tax & Financial

TermsCash To New Loan, Exchange1031, Owner May Carry

Land LeaseNo

HOA NameN/A

HOA FeeN/A

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Mortgage Estimate

$17,298/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 9:30 PM

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