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Listed by: Eric Chen (909) 418-2071 | CB RICHARD ELLIS (909) 418-2000
$5,995,000
6 Beds
4 Baths
--sqft
1680 E Palm Canyon, Palm Springs, CA 92264
$5,995,000
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Apartment
Built in 1959
$-- HOA
40,946 sqft lot
--/sqft
Description
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 desert’s sophisticated ...
- Houzeo last checked: 39 minutes ago
- Listing updated: July 9, 2026 at 5:17 pm
- Source: California Regional MLS-CA | MLS#: CV26071280
Property Details
Status
Pending
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1959
HOA Fees
-
Finished Area
- sqft
Lot Size
40,946 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
CV26071280
MLS Status
Pending
Days on Market
126
Cumulative Days on Market
76
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