$2,650,000
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2080 S Camino Real Palm Springs, CA 92264
13 Beds
11 Baths
8,100 SqFt
Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,100 sqft
Price per Sqft $283
Subdivision Twin Palms
MLS Listing ID 219104526
Bedrooms 13
Full Baths 11
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 - Palm Springs South End
Interior
Heating Central
Cooling Air Conditioning, Ceiling Fan(s)
Exterior
Pool In Ground, Community
View Y/N true
View Mountain(s), Panoramic, Pool
Building
Story 1
Sewer In, Connected and Paid
Others
Special Listing Condition Standard
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