2231 N Palm Canyon DR, Palm Springs, CA 92262
2231 N Palm Canyon DR, Palm Springs, CA 92262
2231 N Palm Canyon DR, Palm Springs, CA 92262
18
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$1,250,000
Est. payment /mo
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7 Beds
7 Baths
5,500 SqFt
New

2231 N Palm Canyon DR Palm Springs, CA 92262

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,500 sqft

Price per Sqft $227

Subdivision Chino Canyon

MLS Listing ID 219152788PS

Bedrooms 7

Full Baths 7

Year Built 1946

Lot Size 5,227 Sqft

Property Sub-Type Multi-Family

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.

Location

State CA

County Riverside

Area Palm Springs North End

Interior

Heating Central

Cooling Air Conditioning, Ceiling Fan, Central

Flooring Other, Tile

Equipment Ceiling Fan

Exterior

Parking Features Other

Garage Spaces 4.0

View Y/N Yes

View Mountains

Building

Story 2

Sewer In Connected and Paid

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by KW Coachella Valley

NEARBY SCHOOL & BUSINESS

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Todd Kingsley

Todd Kingsley

Agent License ID: 02118744

+1(310) 710-8633

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2231 N Palm Canyon DR