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Property Description

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.

Features
: In ground
: Central
: Panoramic, Mountain(s)
1
0
Additional Information
The Firm Brokerage
0
PS47926
PS8312
Adam
511131012
: Standard
One
32

Multi-Family For Sale

2080 Camino Real, Palm Springs, California 92264

$2,650,000
Listing ID #219104526PS
Basic Details
Status : Active under contract
DaysOnMarket : 90
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 219104526PS
Price : $2,650,000
Lot Size : 21,780 Sqft
Year Built : 1958
Country : US
State : California
County : Riverside
City : Palm Springs
Zipcode : 92264
Price Per Square Foot : $327
Subdivision : Twin Palms
ModificationTimestamp : 2024-03-28 14:23:01
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