1680 E Palm Canyon, Palm Springs, CA 92264

Palm Springs
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
1680 E Palm Canyon,Palm Springs, CA 92264
$5,995,000
  • - Beds
  • - Baths
  • 20,296 sq. ft.
  • Multi-family
  • Active
Listed by: eric chen
Office: cb richard ellis909-418-2000
MLS#:CV26071280
Source:CRMLS

Price summary

  • Price:$5,995,000
  • Price per sq. ft.:$295.38

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 desert’s 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....

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Home facts

  • Year built:1959
  • Listing ID #:CV26071280
  • Added:55 day(s) ago
  • Updated:May 28, 2026 at 10:47 AM

Rooms and interior

  • Living area:20,296 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Year built:1959
  • Building area:20,296 sq. ft.
  • Lot area:0.94 Acres
  • Lot Features:Lot Over 40000 Sqft
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$5,995,000
  • Price per sq. ft.:$295.38

Features and amenities

  • Pool features:Community, In Ground

Parking

  • Total parking spaces:29
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