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2080 Camino Real
Palm Springs, CA 92264
Sold
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 INFORMATION
| MLS # | 219104526PS | Lot Size | 21,780 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 2,650,000
Price Per SqFt: $ inf |
DOM | 376 Days |
| Address | 2080 Camino Real | Type | Residential Income |
| City | Palm Springs | Sq.Ft. | Sq. Ft. |
| Postal Code | 92264 | Garage | N/A |
| County | Riverside | Year Built | 1958 |
| Bed / Bath | 0 / 0 | Parking | 12 |
| Built In | 1958 | Status | Closed |
| Sold Date | 2024-07-02 |
INTERIOR FEATURES
| Has Laundry | No |
| Has Fireplace | No |
| Has Appliances | Yes |
| Has Heating | Yes |
| Heating Information | Central |
| Room Information | Living Room, See Remarks |
| Has Cooling | Yes |
| Flooring Information | Carpet |
| Has Spa | No |
EXTERIOR FEATURES
| Has Pool | Yes |
| Pool | In Ground |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,827
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 05/08/2024 | Pending | $2,650,000 |
| 12/28/2023 | Listed | $2,750,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Adam Gilbert, The Firm Brokerage. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
