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2080 S Camino Real

Palm Springs, CA 92264
  • $2,650,000
  • STATUS: Active Under Contract
  • ON SITE: 116 Days
  • ID#: 219104526PS
Under Contract
UPDATED: 87 min ago
$2,650,000
  • 0
    BEDS
  • 0.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1958
County:

School Ratings & Info

Listing Agent(s): Adam Gilbert of The Firm Brokerage ((760) 408-8874)


Description

The Firm Brokerage is 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-24T19:38:30.2. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
www.homesinthehighdesert.com/homes/146277082
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2080 S Camino Real Palm Springs, CA 92264

  • Price: $2,650,000
  • Status: Active Under Contract
  • On Site: 116 Days
  • Updated: 87 min ago
  • ID#: 219104526PS
0
Beds
0
Baths
0
½ Baths
0.5
Acres
1958
Built
Neighborhood:
Twin Palms
County:
Riverside
Area:
334 - South End Palm Springs
Property Description
The Firm Brokerage is 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.
Exterior Features

Carport Spaces 0 Number Of Separate Electric Meters 11 Open Parking Spaces 12 Parking Features Side By Side Parking Total 12 Pool Features In Ground Pool Private YN Yes Property Attached YN No Spa YN No View Mountain(s)Panoramic View YN Yes

Interior Features

Cooling YN Yes Fireplace YN No Flooring Carpet Heating Central Heating YN Yes

Property Features

Association Fee 0 Contingency Inspection Garage YN No Land Lease YN No Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Rent Control YN No Senior Community YN No Special Listing Conditions Standard



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-24T19:38:30.2. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
 
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RE/MAX Freedom
12180 Ridgecrest Rd. Building E Ste. 522
Victorville CA, 92395
Listing Agent(s): Adam Gilbert of The Firm Brokerage ((760) 408-8874)