2231 N Palm Canyon Dr - Apartments FOR SALE


Palm Springs, CA 92262- Chino Canyon
$1,250,000 USD
760-408-8874
2231 N Palm Canyon Dr, Palm Springs, CA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

2231 N Palm Canyon Dr
Palm Springs, CA 92262
Chino Canyon


OVERVIEW

Excellent investment opportunity on highly visible North Palm Canyon Drive in Palm Springs. This 8-unit mixed-use property consists of 7 residential units plus 1 commercial storefront, offering a strong combination of current income and additional upside. Several of the units have undergone substantial remodeling along with a renovated commercial storefront. The property features excellent street frontage, private patios for the residential units, six ground-floor residences, and one upstairs unit. The current rent roll demonstrates the property's ability to command strong rents and still has upside potential. Located along one of Palm Springs' primary commercial corridors, this property presents an attractive opportunity for an investor seeking strong in-place rents, remodeled units, mixed-use income, and additional value add opportunities. Excellent visibility, established residential tenancy, and continued upside make this a compelling Palm Springs investment.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$278 USD /SF

# OF UNITS

8

PRICE/UNIT

$156,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

C1

APN/PARCEL ID

504-242-006

ASK ABOUT THIS PROPERTY

Adam GilbertThe Firm at KW Coachella ValleyMore Info
760-408-8874

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Adam GilbertThe Firm at KW Coachella ValleyMore Info
760-408-8874

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.