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1680 E Palm Canyon Dr
Palm Springs, CA 92264 Deepwell Estates

$5,995,000 USD

Apartments For Sale • 20,286 SF

Property Details

Property Type Apartments
Total Building Size 20,296 SF
Lot Size 0.94 AC
Building Class C
Year Built 1959
Cap Rate 6.59 %
Tenancy Single
Zoning R3

30 Transit Score

50 Walk Score

                
                    Highlights
                
                                PREMIER SOUTH PALM SPRINGS MULTIFAMILY ACQUISITION: Deepwell Apartments presents a rare opportunity to acquire a stabilized, 30+1 unit community
                            
                                HIGH-YIELDING OPPORTUNITY WITH ATTRACTIVE PRICING: The property delivers immediate stability with a 6.59% current Cap Rate
                            
                                RESORT-STYLE AMENITIES & ARCHITECTURAL CHARM: Leveraging Palm Springs’ global brand as a mid-century modern design capital
                            
                                “TURN-KEY” ASSET WITH SUBSTANTIAL CAPITAL UPGRADES: Significantly de-risked through high-end interior and exterior renovations
                            
                                ANCHORED BY MASSIVE REGIONAL EMPLOYERS: Strategic proximity to primary job drivers ensures a stable, year-round tenant base
                            
                                PREMIER “DEEPWELL ESTATES” LOCATION: Located in the historic Deepwell Estates, the property offers a sophisticated lifestyle

Financial Summary (Actual)

Net Operating Income: $395,153 USD (2025)

Cap Rate:	6.59 %
Total Expenses:	$262,968 USD

Amenities

Air Conditioning
Courtyard
Dishwasher
Disposal
Laundry Facilities
Microwave
Pool
Heating
Kitchen
High Speed Internet Access
Refrigerator
Oven
Sprinkler System
Stainless Steel Appliances
Range
Tub/Shower

Public Transportation

Commuter Rail	Drive	Walk	Distance
Palm Springs Amtrak (Sunset Limited - Amtrak, Texas Eagle - Amtrak)	15 min	-	7.7 mi
Airport	Drive	Walk	Distance
Palm Springs International	9 min	-	4.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	29
Type:	Surface
Included in Rent:	Yes

Eric Chen 909-418-2071 CBRE, Inc.

1680 E Palm Canyon Dr Palm Springs, CA 92264 Deepwell Estates