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2231 N Palm Canyon Drive, Palm Springs, CA 92262

$1.25M7bd · 7ba · 5,500 sqft
Lot 5,227 sqft•Apartment•
Active
•47d on market•MLS# 219152788

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.

Features & Amenities

Chino CanyonFeeBuilt 1946

Property Details

Subdivision
Chino Canyon
Land Type
Fee
Year Built
1946
Property Type
Residential Income
Property Subtype
Apartment
Parking Spaces
4
Garage Spaces
0
Heating
Central
Cooling
Air Conditioning, Ceiling Fan(s), Central Air
View
Mountain(s)
Flooring
Tile
City
Palm Springs
Zip Code
92262
County
Riverside
Listed byKW Coachella Valley, Adam M Gilbert·760-408-8874

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$6,320.68
Principal & Interest
Loan Amount
$1,000,000
Total Interest
$1,275,445
Total Payment Over 30 Years
$2,275,445
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Chino Canyon

This property is located in Chino Canyon, a community in Palm Springs. Explore more listings in this neighborhood to compare options and pricing.

View Chino Canyon Listings

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