2231 N Palm Canyon Drive, Palm Springs, CA 92262
- $1,250,000
- List Price
- $1,250,000
- Status
- ACTIVE
- MLS#
- 219152788PS
- Year Built
- 1946
- Lot Size
- 5,227
- Acres
- 0.12
- Days on Market
- 0
- Property Type
- Multifamily
- Stories
- Two Levels
- Neighborhood
- Chino Canyon
Property Description
Excellent investment opportunity on highly visible North Palm Canyon Drive in Palm Springs. This 8-unit mixed-use property consists of 7 residential units plus 1 commercial storefront, offering a strong combination of current income and additional upside. Several of the units have undergone substantial remodeling along with a renovated commercial storefront. The property features excellent street frontage, private patios for the residential units, six ground-floor residences, and one upstairs unit. The current rent roll demonstrates the property's ability to command strong rents and still has upside potential. Located along one of Palm Springs' primary commercial corridors, this property presents an attractive opportunity for an investor seeking strong in-place rents, remodeled units, mixed-use income, and additional value add opportunities. Excellent visibility, established residential tenancy, and continued upside make this a compelling Palm Springs investment.
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Additional Information
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- Mountain(s)
- Attached Structure
- Attached
- Number Of Units Total
- 8
Listing courtesy of Listing Agent: Adam Gilbert (adam@firmcompanies.com) from Listing Office: KW Coachella Valley.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.