360 N Palm Canyon DR, Palm Springs, CA 92262
360 N Palm Canyon DR, Palm Springs, CA 92262
360 N Palm Canyon DR, Palm Springs, CA 92262
13
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$3,995,000
Est. payment /mo
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6 Beds
9 Baths
14,078 SqFt
Active

360 N Palm Canyon DR Palm Springs, CA 92262

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Efrain Salcedo

Efrain Salcedo

+1(760) 485-5143

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 14,078 sqft

Price per Sqft $283

Subdivision Central Palm Springs

MLS Listing ID 219144233

Bedrooms 6

Full Baths 9

HOA Y/N No

Year Built 1946

Lot Size 0.510 Acres

Property Sub-Type Single Family Residence

Property Description

Prime Net Lease is pleased to present a rare mixed-use investment opportunity in the heart of Downtown Palm Springs, California. This ±14,078 SF property offers a dynamic blend of retail and residential uses, featuring 9 apartment (6 1bed/1bath and 3 studios) units and 2 ground-floor retail suites. With its prime location, strong tenant base, and significant value-add potential, the asset represents a premier acquisition in one of Southern California's most desirable resort markets. Located along Palm Canyon Drive, Palm Springs' premier pedestrian corridor, the property benefits from exceptional visibility and heavy year-round foot traffic driven by surrounding restaurants, boutiques, luxury hotels, and entertainment venues. The site is positioned adjacent to the newly developed 168-room Thompson Hotel and within walking distance to major attractions including the Palm Springs Art Museum, Agua Caliente Cultural Plaza, and the Palm Springs Convention Center. The property is further supported by robust demographics and strong tourism demand. Within three miles, the average household income exceeds $99,000, and the area draws from both affluent local residents and more than 14 million annual visitors to the Coachella Valley. Palm Springs International Airport, less than 10 minutes away, serves over 3 million passengers annually, connecting the city to major domestic and international markets. 6.81% Proforma Cap Rate Possible within 12 months (call lead agent Marvin Alverdin at (714) 804-5245 for details) Seller is motivated. Please see the attached marketing brochure for full details.

Location

State CA

County Riverside

Area 332 - Palm Springs Central

Interior

Heating Central

Cooling Air Conditioning, Ceiling Fan(s), Central Air

Furnishings Furnished

Fireplace false

Exterior

Exterior Feature Balcony

Parking Features false

View Y/N true

View City Lights

Private Pool No

Building

Story 2

Entry Level Two

Sewer Public Hookup Available

Level or Stories Two

Others

Senior Community No

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

Listed by Prime Desert Estates

NEARBY SCHOOL & BUSINESS

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Efrain Salcedo

Efrain Salcedo

Agent | License ID: 02207892

+1(760) 485-5143

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360 N Palm Canyon DR