2231 N Palm Canyon Drive, Palm Springs, CA 92262

$1,250,000
7
BD
7
BA
5,500
SqFt

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List Price
$1,250,000
Status
ACTIVE
MLS#
219152788
Year Built
1946
Bedrooms
7
Bathrooms
7
Living Sq. Ft
5,500
Lot Size
5,227
Days on Market
0
Property Type
Multifamily
Stories
2
Neighborhood
Chino Canyon

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.

Additional Information

Land Lease Type
Fee
Heat
Central
Cooling
Air Conditioning, Ceiling Fan(s), Central Air
View
Mountain(s)
Parking
Other
Sewer
In, Connected and Paid

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Calculator source: Real Geeks

Listing courtesy of KW Coachella Valley.