Sold

Closed

2080 S Camino Real

Palm Springs CA, 92264

$2,300,000


Sold

Closed

Residential

Built in 1958

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

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

December 5, 2024

Updated

Map

2080 S Camino Real
Palm Springs CA, 92264

Interior Features

Total Stories

1


Floor Description

Carpet


Fireplace

No


Cooling

Yes


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.5 Acres

Other Property Details

Area Name

334 - South End Palm Springs


Days on Market

129


Garage

No


Parking

Side By Side


Parking Total

12


View

Yes


View Description

Mountain(s), Panoramic


County

Riverside


Pool

Yes


Pool Features

In Ground

Listing History

Date

Event

Price

7/2/2024

Sold

$2,300,000

5/9/2024

Pending

3/28/2024

Under contract

Listing Contact: (760) 408-8874 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 12/5/2024 at 1:12 PM UTC

 

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