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8-Unit Mixed-Use Property
New
For Sale
$1,250,000

2231 N Palm Canyon Dr, Palm Springs, CA 92262

Remodeled residences and a commercial storefront occupy a visible Palm Springs commercial corridor.

Property SizeContact for details
Days on Market3

Property Features for 2231 N Palm Canyon Dr

General Information

Standard status Active
Property subtype Investment

Additional Details

Road Access Yes
Multifamily Units 7

Amenities

private patios

Building Details

Year Built 1946
Stories 2
Units 8
Tenancy Multi
Listing Agency: The Firm at KW Coachella Valley
Listed By: Adam Gilbert · License #01914157
Source: Elliman
Added: Sep 18 Last Checked: Sep 20 at 9:48AM

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 The Firm at KW Coachella Valley

Investment Insights

Based on property information with market context.

Located at 2231 N Palm Canyon Dr in Palm Springs, this mixed-use property was built in 1946 and contains 8 units: 7 residential units and 1 commercial storefront. The residential component includes six ground-floor residences and one upstairs unit, with private patios serving the residential units.

Several residences have been substantially remodeled, and the commercial storefront has also been renovated. The property offers street frontage along North Palm Canyon Drive, with walk, bike, and transit scores of 41, 11, and 31, respectively. The current configuration combines residential occupancy with a commercial component in one property.

Key Highlights

  • 8‑unit mixed‑use property with 7 residential units and 1 commercial storefront
  • Several residential units have undergone substantial remodeling
  • Renovated commercial storefront included

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Law Firm HVAC Service Parking Lot & Garage Nail Salon Auto Parts Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

610
Businesses Nearby

Demographics for 92262, CA

26,593
Population
19,940
Households
1.3
Avg Household Size
54
Median Age
42%
College-Educated
93%
High-School Grad
35.1 sq mi
ZIP Area
758
Density / Sq Mi
$70,514
Median Household Income
$42,940
Median Earnings
$1,420
Median Rent
$600,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Remodeled residences and a commercial storefront occupy a visible Palm Springs commercial corridor.
Where is this mixed-use property located?
The property is located at 2231 N Palm Canyon Dr Palm Springs, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 8‑unit mixed‑use property with 7 residential units and 1 commercial storefront; Several residential units have undergone substantial remodeling; Renovated commercial storefront included
More about this property
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