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… Read More 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. Read Less
Property listed by Prime Desert Estates, Paul Matusik 714-875-2400
Listing Snapshot
Days Online
1
Last Updated
Property Type
SingleFamilyResidence
Beds
6
Full Baths
9
Square Ft.
14,078
Lot Size
0.51 Acres
Year Built
1946
MLS Number
219144233DA
Additional Details
Building
Built in 1946, Living area: 14078.0, 2 stories, Levels: Two
Cooling
CentralAir
Floors
Tile, Wood
Heating
Central
Laundry
LaundryRoom
Lot
0.51 acres
Parking
31 open parking spaces, 31 total parking spaces, OnStreet, Unassigned
Property
CityLights
Taxes
Parcel Number: 513081009 & 513081020
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
