Palm Springs, CA 92264,2080 S Camino Real
Palm Springs, CA 92264,2080 S Camino Real
Palm Springs, CA 92264,2080 S Camino Real
$2,300,000
Est. payment /mo
Est.Price: ?

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0.5 Acres Lot
SOLD DATE : 07/02/2024

Key Details

Sold Price $2,300,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Twin Palms

MLS Listing ID 219104526PS

Year Built 1958

Lot Size 0.500 Acres

Property Description

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.

Location

State CA

County Riverside

Area 334 - South End Palm Springs

Interior

Heating Central

Flooring Carpet

Exterior

Parking Features Side By Side

Pool In Ground

View Y/N Yes

View Mountain(s), Panoramic

Building

Story 1

New Construction No

Others

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Adam Gilbert • The Firm Brokerage
Bought with Adam Gilbert • The Firm Brokerage

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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