Renovated Apartment
For Sale
$5,855,000
1680 E Palm Canyon Palm, Palm Springs, CA 92264
Remodeled units, gated grounds, pool, mountain views, and upgraded air-conditioning systems define this Palm Springs multifamily property.
Property SizeContact for details
Days on Market159
Property Features for 1680 E Palm Canyon Palm
General Information
Standard status
Active
Property subtype
Apartment
Amenities
Wall/Window Unit(s)
Wall Furnace
Building Details
Year Built
1959
Stories
2
Listing Agency:
CB RICHARD ELLIS
Listed By:
Eric Chen · License #01489184
(626) 757-5717
Source:
Kw
Added: Apr 3
Changed: Sep 7
Last Checked: Sep 8 at 10:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CB RICHARD ELLIS
Investment Insights
Based on property information with market context.
This 30+1 unit apartment community occupies a ±20,296-square-foot building on a ±40,946-square-foot lot and was built in 1959. The unit mix includes studios, one-bedroom/one-bath units, two-bedroom/one-bath units, and a three-bedroom/two-bath residence. All units have been remodeled with woodgrain-look ceramic tile flooring, designer tile in kitchens and bathrooms, and stainless steel appliances. Wall/window unit(s) and wall furnace systems are listed among the interior features, while recent air-conditioning replacements and exterior upgrades support the property's ongoing operation.
Residents have access to a swimming pool, desert landscaping, gated exterior improvements, and unobstructed mountain views. The property is positioned along Palm Canyon Drive in Palm Springs, near Smoke Tree Shopping Center, hiking trails, downtown boutiques and restaurants, and State Route 111. The current Cap Rate is 6.59%, with a 6.07% Cash-on-Cash return.
Residents have access to a swimming pool, desert landscaping, gated exterior improvements, and unobstructed mountain views. The property is positioned along Palm Canyon Drive in Palm Springs, near Smoke Tree Shopping Center, hiking trails, downtown boutiques and restaurants, and State Route 111. The current Cap Rate is 6.59%, with a 6.07% Cash-on-Cash return.
Key Highlights
- 30+1 unit apartment community in Palm Springs
- ±20,296 SF building on a ±40,946 SF lot
- Unit mix includes studios, 1B/1B, 2B/1B, and 3B/2B residences
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
Explore this area
Business Placement
Demographics for 92264, CA
19,254
Population
17,518
Households
1.1
Avg Household Size
61
Median Age
48%
College-Educated
94%
High-School Grad
50.9 sq mi
ZIP Area
378
Density / Sq Mi
$75,246
Median Household Income
$46,756
Median Earnings
$1,581
Median Rent
$498,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Remodeled units, gated grounds, pool, mountain views, and upgraded air-conditioning systems define this Palm Springs multifamily property.
Where is this apartment building located?
The property is located at 1680 E Palm Canyon Palm Palm Springs, CA.
What is the asking price?
The asking price for this property is $5,855,000.
What are key features of this property?
This property features: 30+1 unit apartment community in Palm Springs; ±20,296 SF building on a ±40,946 SF lot; Unit mix includes studios, 1B/1B, 2B/1B, and 3B/2B residences
