Joe Cloninger

Partner, Sales/Marketing | License ID: 01954784

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$ 1,350,000

$ 1,550,000 12.9%

Est. payment | -/mo

5 Beds

8 Baths

3,900 SqFt

$ 1,350,000

$ 1,550,000 12.9%

Est. payment | -/mo

5 Beds

8 Baths

3,900 SqFt

Key Details

Sold Price $1,350,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,900 sqft

Price per Sqft $346

Subdivision Old Las Palmas

MLS Listing ID 219142445PS

Sold Date 06/11/26

Bedrooms 5

Full Baths 8

Year Built 1952

Lot Size 10,019 Sqft

Property Sub-Type Multi-Family

Property Description

Prime mixed-use opportunity in the heart of Palm Springs. Located on highly trafficked North Palm Canyon Drive, 1059-1063 N Palm Canyon features five apartment units and three small commercial units, all 100% vacant and ready for immediate occupancy. The property offers exceptional upside for an owner/user or investor seeking to reposition and add value.Surrounded by a vibrant and well-established retail corridor, this prime location benefits from strong foot traffic, excellent visibility, and proximity to downtown Palm Springs' shops, dining, and entertainment. The commercial spaces are ideal for retail, office, or service uses, while the residential units provide additional income potential once renovated.The property needs some TLC, presenting a rare opportunity to customize and revitalize a mixed-use asset in one of Palm Springs' most desirable corridors. Endless possibilities for redevelopment, re-tenanting, and long-term hold in a premier location.

Location

State CA

County Riverside

Area Palm Springs Central

Interior

Heating Central

Cooling Air Conditioning

Flooring Carpet, Ceramic Tile

Exterior

Parking Features Direct Entrance, Other

Garage Spaces 6.0

View Y/N Yes

View Mountains

Building

Story 1

Sewer In Connected and Paid

Level or Stories One

Others

Special Listing Condition Standard

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Listed by KW Coachella Valley
Bought with Thomas Masters, Broker