1680 E Palm Canyon, Palm Springs, CA 92264
1680 E Palm Canyon, Palm Springs, CA 92264
1680 E Palm Canyon, Palm Springs, CA 92264
1680 E Palm Canyon, Palm Springs, CA 92264
1680 E Palm Canyon, Palm Springs, CA 92264
1680 E Palm Canyon, Palm Springs, CA 92264
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Chakits Krulsawat

Chakits Krulsawat

+1(702) 319-1092
$ 5,995,000
Est. payment | /mo

9 Beds

6 Baths

20,296 SqFt

Save
$ 5,995,000
Est. payment | /mo
Save

9 Beds

6 Baths

20,296 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 20,296 sqft

Price per Sqft $295

Subdivision Deepwell

MLS Listing ID CV26071280MR

Bedrooms 9

Year Built 1959

Lot Size 0.940 Acres

Acres 1.0

Property Sub-Type Multi-Family

Property Description

We are proud to present an exceptional opportunity to acquire Deepwell Apartments, a superbly maintained 30+1 unit multifamily community located at 1680 E Palm Canyon Drive in Palm Springs, CA. This investment offers an attractive 6.59% current Cap Rate and a 6.07% Cash-on-Cash return, with the property yielding $705,600 annually. The 20,296 SF building stands on a generous 40,946 SF lot in the prestigious Deepwell Estates, a neighborhood celebrated for its historic mid-century modern architecture and high-end residential appeal. The asset features a diverse unit mix of studios, 1B/1B, 2B/1B, and a premier 3B/2B unit, perfectly catering to the desert s sophisticated renter demographic. The asset has undergone substantial recent renovations, positioning it as a turn-key luxury investment with a sophisticated aesthetic. All units feature high-end finishes, including woodgrain-look ceramic tile flooring, designer tile in kitchens and bathrooms, and stainless steel appliances. Ownership has taken a proactive approach to capital preservation, recently replacing air conditioning units and upgrading the gated exterior to ensure tenant privacy and security. These comprehensive interior and exterior improvements significantly reduce near-term CAPEX requirements, allowing a new owner to focus on yield-driven operations. Furthermore, the property offers a curated resort-style living experience characterized by a crystal-clear pool, contemporary desert landscaping, and unobstructed mountain views. Deepwell Apartments is strategically positioned in a submarket showing robust signs of population and rental growth. Located along the historic Palm Canyon Drive corridor, the property offers an enviable walk score with proximity to the Smoke Tree Shopping Center, world-class hiking trails, and the high-end boutiques and restaurants of downtown Palm Springs. With immediate access to State Route 111, the property provides seamless connectivity to the broader Coachella Valley s primary tourism and employment hubs. Deepwell Apartments is an excellent income-producing asset in the Inland Empire and a long-term investment opportunity. All units have been remodeled with resort-like amenities, making this a perfect asset for any investor seeking a strong risk-adjusted return. The property offers unparalleled stability for any type of investor, whether it be a first-time purchaser, a seasoned institutional investor, or those seeking a high-quality 1031 Exchange asset.

Location

State CA

County Riverside

Area Palm Springs Central

Interior

Heating Wall

Cooling Wall/Window Unit(s)

Laundry Laundry Area

Exterior

Garage Spaces 29.0

Pool In Ground

Community Features Curbs, Mountainous, Sidewalks

Building

Story 2

Sewer Public Sewer

Water Public

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by CB RICHARD ELLIS

Nearby Locations

Chakits Krulsawat
Chakits Krulsawat

Buyer and Sales Specialist | RE. Lic# S.0168764

+1(702) 319-1092 | chakits.k@gmail.com

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1680 E Palm Canyon