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