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Multifamily

Deepwell Apartments

1680 East Palm Canyon Dr, Palm Springs, CA 92264

Listing Price: $7,500,000

Cap Rate
4.25%
Number of Units
31
Price/Unit
$241,935
Price/Gross SF
$369.71
Gross SF
20,286

Investment Overview

At the front doorstep of one of the Coachella Valley's fastest growing and dynamic business districts, Deepwell Apartments offers residents and investors the opportunity to usher in the next phase of 24/7 living where residents can live, work, and play at the highest level. Built in 1965, Deepwell is a 31-unit apartment community (with one non-conforming unit) located in the desirable South Palm Springs area. The property's resort style layout is accentuated by quintessential mid-century architecture surrounded by mountain and canyon views, a resort-style pool, courtyard, and immaculate landscaping.

Investment Highlights

  • Value-Add Opportunity with Upside in Rents
  • Palm Canyon Drive Corridor with Great "Curb-Appeal"
  • Potential Renovation for a "Trendy" Property

Exclusively Listed By

Financing By

Multifamily

Deepwell Apartments

Listing Price: $7,500,000

Cap Rate
4.25%
Number of Units
31
Price/Unit
$241,935
Price/Gross SF
$369.71
Gross SF
20,286

Investment Highlights

  • Value-Add Opportunity with Upside in Rents
  • Palm Canyon Drive Corridor with Great "Curb-Appeal"
  • Potential Renovation for a "Trendy" Property

Investment Overview

At the front doorstep of one of the Coachella Valley's fastest growing and dynamic business districts, Deepwell Apartments offers residents and investors the opportunity to usher in the next phase of 24/7 living where residents can live, work, and play at the highest level. Built in 1965, Deepwell is a 31-unit apartment community (with one non-conforming unit) located in the desirable South Palm Springs area. The property's resort style layout is accentuated by quintessential mid-century architecture surrounded by mountain and canyon views, a resort-style pool, courtyard, and immaculate landscaping.

Exclusively Listed By

Financing By

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