18
See all 18 photos
$1,250,000
Est. payment /mo
5,227 Sqft Lot
New
2231 N Palm Canyon DR Palm Springs, CA 92262
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Chino Canyon
MLS Listing ID 219152788PS
HOA Y/N No
Year Built 1946
Lot Size 5,227 Sqft
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 331 - North End Palm Springs
Interior
Heating Central
Cooling Central Air
Flooring Tile
Fireplace No
Exterior
Parking Features Other
View Y/N Yes
View Mountain(s)
Total Parking Spaces 4
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 504242006
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Adam Gilbert KW Coachella Valley #01914157
NEARBY SCHOOL & BUSINESS