Under Contract

2080 S Camino Real

Palm Springs CA, 92264

$2,650,000


$327.16 per sqft

Under Contract

13 Beds

11 Baths

8,100 sqft

Residential

Built in 1958

The Firm Brokerage is pleased to offer this 11 unit apartment complex for sale in the beautiful Twin Palms neighborhood of Palm Springs! Located at 2080 S Camino Real, Canyon Villas sits on 1⁄2 an acre in South Palm Springs and offers amazing panoramic views of the San Jacinto Mountains along with close proximity to downtown and the curve district. The unit mix includes (1) studio, (7) one bedroom units, (2) two bedroom units, and (1) three bedroom unit with only a single vacancy! This property has been very well maintained and offers dedicated on-site parking to each tenant, a beautiful interior courtyard with a shared pool, and private patios. The interiors have been updated with quality finishes and are well maintained. Canyon Villas has historically had very good occupancy rates, with most of the current tenants having been renting for 3+ years. Rents are currently below market and the new owner would have the opportunity to increase the NOI, as we have seen steep increases in rental rates over the past 36 months. This is a great opportunity to purchase a near fully leased, income producing asset in the Palm Springs market with very little deferred maintenance. Reach out to Listing Agent for more information and please do not disturb tenants.

219104526PS

MLS ID

December 29, 2023

Listed

April 5, 2024

Updated

Map

2080 S Camino Real
Palm Springs CA, 92264

Interior Features

Total Stories

1


Bedrooms

13


Total Bathrooms

11


Appliances

Ceiling Fan


Floor Description

Carpet, Other


Fireplace

No


Cooling

Yes


Cooling Description

Air Conditioning, Ceiling Fan


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.5 Acres


Sewer

In Connected and Paid

Other Property Details

Area Name

Palm Springs South End


Days on Market

90


Garage

No


Parking

Side By Side


Parking Total

12


View

Yes


View Description

Mountains, Panoramic, Pool


County

Riverside


Pool

Yes


Pool Features

Community, In Ground

Listing History

Date

Event

Price

3/28/2024

Under Contract

3/8/2024

Price Change

$2,650,000

-4%

Listed by Adam Gilbert with The Firm Brokerage
Listing Contact: (760) 408-8874 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor TTK Represents | CA DRE# 01327863 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 4/5/2024

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