Palm Springs, CA 92264 2080 S Camino Real
$2,650,000
Pending
22 more
Presented By: Adam Gilbert with The Firm Brokerage;
Home Details
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.
Presented By: Adam Gilbert with The Firm Brokerage;
Interior Features for 2080 S Camino Real
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
FlooringCarpet
Heating Y/NYes
Total Stories1
General for 2080 S Camino Real
Additional Parcels Y/NNo
Attached Garage No
Carport Spaces0.0
Carport Y/NNo
CityPalm Springs
ContingencyInspection
CountyRiverside
Days on Market129
Directionsplease refer to gps.
Garage Spaces0.0
Garage Y/NNo
HOA0.0
HOA / Comm AssnNo
HeatingCentral
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet21780.0
MLS Area334 - South End Palm Springs
MobileHomeRemainsYNNo
New ConstructionNo
Open Parking Spaces12.0
Pool FeaturesInGround
Private PoolYes
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories1
Street NameCamino Real
Subdivision NameTwin Palms
Total Units11
ViewMountains, Panoramic
View Y/NYes
Waterfront Y/NNo
Year Built1958
Year Built SourceAssessor
Exterior for 2080 S Camino Real
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.5
Lot Size Area21780.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters11
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesSideBySide
SpaNo
Total Parking12.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480