1680 E Palm Canyon, Palm Springs, CA 92264
Local realty services provided by:CENTURY 21 Affiliated
1680 E Palm Canyon,Palm Springs, CA 92264
$5,995,000
- 6 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: eric chen
Office: cb richard ellis
MLS#:CV26071280
Source:San Diego MLS via CRMLS
Price summary
- Price:$5,995,000
About this home
We are proud to present an exceptional opportunity to acquire Deepwell Apartments, a superbly maintained 30+1 unit multifamily community located at 1680 E Palm Canyon Drive in Palm Springs, CA. This investment offers an attractive 6.59% current Cap Rate and a 6.07% Cash-on-Cash return, with the property yielding $705,600 annually. The 20,296 SF building stands on a generous 40,946 SF lot in the prestigious Deepwell Estates, a neighborhood celebrated for its historic mid-century modern architecture and high-end residential appeal. The asset features a diverse unit mix of studios, 1B/1B, 2B/1B, and a premier 3B/2B unit, perfectly catering to the deserts sophisticated renter demographic. The asset has undergone substantial recent renovations, positioning it as a turn-key luxury investment with a sophisticated aesthetic. All units feature high-end finishes, including woodgrain-look ceramic tile flooring, designer tile in kitchens and bathrooms, and stainless steel appliances. Ownership has taken a proactive approach to capital preservation, recently replacing air conditioning units and upgrading the gated exterior to ensure tenant privacy and security. These comprehensive interior and exterior improvements significantly reduce near-term CAPEX requirements, allowing a new owner to focus on yield-driven operations. Furthermore, the property offers a curated resort-style living experience characterized by a crystal-clear pool, contemporary desert landscaping, and unobstructed mountain views. Deepwell Apartments is strategically positioned in a submarket showing robust signs of pop...
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Home facts
- Listing ID #:CV26071280
- Added:71 day(s) ago
- Updated:June 14, 2026 at 02:06 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
Heating and cooling
- Cooling:Wall/Window
Structure and exterior
- Levels:2 Story
Finances and disclosures
- Price:$5,995,000
Features and amenities
- Pool features:Below Ground, Community/Common
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