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.
Property Details
Price:
$2,650,000
MLS #:
219104526PS
Status:
Active Under Contract
Baths:
0
Address:
2080 S Camino Real
Type:
Residential Income
Subdivision:
Twin Palms
City:
Palm Springs
Listed Date:
Dec 29, 2023
State:
CA
ZIP:
92264
Lot Size:
21,780 sqft / 0.50 acres (approx)
Year Built:
1958
Schools
Interior
Flooring
Carpet
Heating
Central
Exterior
Garage Spaces
0.00
Parking Features
Side by Side
Pool Features
In Ground
Stories Total
1
View
Mountain(s), Panoramic
Financial
Association Fee
0.00
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Courtesy of The Firm Brokerage. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Palm Springs, Coachella Valley, and High Desert. Detailed information about real estate listings held by brokerage firms other than Leaskou Partners, Inc include the name of the listing broker. Neither the listing company nor Leaskou Partners, Inc shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Palm Springs, Coachella Valley, and High Desert. All rights reserved.
2080 S Camino Real
Palm Springs, CA
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