1680 East Palm Canyon Drive Palm Springs, CA 92264
New
30+1 unit multifamily community in Palm Springs' Deepwell Estates.
Type:Multifamily
Property size:
20,296 SFLot size:
0.94 Acres- Added:
- Apr 15, 2026
- Days on Market:
- 4
- Last Refresh:
- Apr 1 at 8:06 pm
Property Features for 1680 East Palm Canyon Drive
General Information
- Standard status
- Active
- Size
- 20,296 SF
- Lot size
- 0.94 Acres
- Property subtype
- Multifamily
Listing agent Eric Chen License #01489184 (909) 418-2071
Listing office CB RICHARD ELLIS (909) 418-2071
Listing date Apr 15, 2026
Source Cbre
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
Overview
Deepwell Apartments Multifamily Investment Opportunity
Deepwell Apartments, a 30+1 unit multifamily community, is located at 1680 E Palm Canyon Drive in Palm Springs, CA. The ±20,296 square feet building is situated on a ±40,946 square feet lot in Deepwell Estates. The property features a mix of studios, 1-bedroom/1-bathroom, 2-bedroom/1-bathroom, and a 3-bedroom/2-bathroom unit. All units feature high-end finishes, including woodgrain-look ceramic tile flooring, designer tile in kitchens and bathrooms, and stainless steel appliances. Exterior upgrades include a gated exterior. The property offers a pool, contemporary desert landscaping, and mountain views. Located along the Palm Canyon Drive corridor, the property is near the Smoke Tree Shopping Center, hiking trails, and the boutiques and restaurants of downtown Palm Springs. The property has access to State Route 111, providing connectivity to the Coachella Valley. The property may benefit from the Inland Empire’s continued economic expansion and proximity to regional drivers, including the new Amazon Logistics facility and the Agua Caliente Band of Cahuilla Indians.
Location Intelligence
Current Use by Public Records
Deepwell Apartments
Apartment Building
Location Insight
- Map
- Local Demand
- City
- Palm Springs
- County
- Riverside
- State
- California
- Longitude
- -116.5287472
- Latitude
- 33.8017857
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 30+1 unit multifamily community in Palm Springs' Deepwell Estates.
Where is this apartment building located?
The property is located at 1680 East Palm Canyon Drive Palm Springs, CA.
What is the asking price?
The asking price for this property is $5,995,000.
What are key features of this property?
This property features: High‑Yielding Opportunity: 6.59% Cap Rate and 6.07% Cash‑on‑Cash return.; "Turn‑Key" Asset: Substantial recent renovations, including high‑end finishes and replaced HVAC units.; Premier Deepwell Estates Location: Situated in a prestigious neighborhood known for mid‑century modern architecture, near shopping and hiking.
