Skip To Content

803 N Palm Canyon Drive

Palm Springs, CA 92262
  • $7,550,000
  • STATUS: Active
  • ON SITE: 36 Days
  • ID#: CV23157440
UPDATED: 31 min ago
$7,550,000
  • 0
    BEDS
  • 0.56
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
2007
County:

School Ratings & Info

Listing Agent(s): Eric Chen of Cb Richard Ellis (909-418-2000)


Description

803 North Palm Canyon Drive is located at the intersection of N Palm Canyon Drive and Tamarisk Road within the desirable North Palm Canyon Uptown District. It is surrounded by shopping venues, trendy restaurants & coffee shops, entertainment, schools, and medical facilities.The property is centrally located within the Coachella Valley and accessed by the CA-111 highway (Palm Canyon Drive). Its location offers convenient access to the neighboring cities of Cathedral City, Palm Desert, Indio, Indian Wells, and La Quinta. Desert attractions such as Joshua Tree National Park, Mt. San Jacinto, Empire Polo Club in Indio (home to Coachella and Stagecoach Music Festivals), and more than 120 golf courses within the Coachella Valley are also easily accessible. San Bernardino County, Orange County, Los Angeles County, mountain ski resorts and beach cities are all within a 2-hour drive.803 North Palm Canyon Drive consists of 11, two-bedroom/two-bathroom and 1, two-bedroom/two-and-one-half-bathroom townhouse-style units, with an average unit size of 1,457 square feet. The units offer exquisite interior finishes, with all but one unit offering a loft. There is covered parking and storage on the first level, and a beautiful pool deck and townhouse access on the second level. There is also a 3,453 square foot ground floor retail space, which is occupied. The property is situated on one parcel with a total of 24,394 square feet of land, with a total building size of 20,933 square feet. 803 North Palm Canyon Drive features sleek architecture; desert landscaping; covered parking on the ground floor including 12 individual garages; luxurious pool deck on the second floor with shaded cabanas; and an elevator serving the second floor. Unit amenities include high-end Euro-style cabinetry; built-in subzero refrigerators; stainless steel oven/stove combinations with stainless steel range; engineered stone countertops; tile back splash in kitchens; sleek fireplace; 20-foot ceilings in living space with floor to ceiling windows; lofts in all but one unit; patio and balcony in every unit; dual vanities and custom tiled shower in primary bathroom; on demand water heaters; in unit washer and dryers, and central air conditioning and heating.The property is in a highly desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange opportunity.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T09:28:31.457. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
www.romerohometeam.com/homes/142712406
Print Image

803 N Palm Canyon Drive Palm Springs, CA 92262

  • Price: $7,550,000
  • Status: Active
  • On Site: 36 Days
  • Updated: 31 min ago
  • ID#: CV23157440
0
Beds
0
Baths
0
½ Baths
0.56
Acres
2007
Built
Neighborhood:
Central Palm Springs (33215)
County:
Riverside
Area:
332 - Central Palm Springs
Property Description
803 North Palm Canyon Drive is located at the intersection of N Palm Canyon Drive and Tamarisk Road within the desirable North Palm Canyon Uptown District. It is surrounded by shopping venues, trendy restaurants & coffee shops, entertainment, schools, and medical facilities.The property is centrally located within the Coachella Valley and accessed by the CA-111 highway (Palm Canyon Drive). Its location offers convenient access to the neighboring cities of Cathedral City, Palm Desert, Indio, Indian Wells, and La Quinta. Desert attractions such as Joshua Tree National Park, Mt. San Jacinto, Empire Polo Club in Indio (home to Coachella and Stagecoach Music Festivals), and more than 120 golf courses within the Coachella Valley are also easily accessible. San Bernardino County, Orange County, Los Angeles County, mountain ski resorts and beach cities are all within a 2-hour drive.803 North Palm Canyon Drive consists of 11, two-bedroom/two-bathroom and 1, two-bedroom/two-and-one-half-bathroom townhouse-style units, with an average unit size of 1,457 square feet. The units offer exquisite interior finishes, with all but one unit offering a loft. There is covered parking and storage on the first level, and a beautiful pool deck and townhouse access on the second level. There is also a 3,453 square foot ground floor retail space, which is occupied. The property is situated on one parcel with a total of 24,394 square feet of land, with a total building size of 20,933 square feet. 803 North Palm Canyon Drive features sleek architecture; desert landscaping; covered parking on the ground floor including 12 individual garages; luxurious pool deck on the second floor with shaded cabanas; and an elevator serving the second floor. Unit amenities include high-end Euro-style cabinetry; built-in subzero refrigerators; stainless steel oven/stove combinations with stainless steel range; engineered stone countertops; tile back splash in kitchens; sleek fireplace; 20-foot ceilings in living space with floor to ceiling windows; lofts in all but one unit; patio and balcony in every unit; dual vanities and custom tiled shower in primary bathroom; on demand water heaters; in unit washer and dryers, and central air conditioning and heating.The property is in a highly desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange opportunity.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 11-15 Units/Acre Number Of Separate Electric Meters 12 Parking Total 12 Pool Features CommunityIn Ground Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No

Interior Features

Common Walls 2+ Common Walls Heating None Heating YN No

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.47 Common Interest Community Apartment Community Features CurbsSidewalksPool Electric Expense 18600 Fuel Expense 0 Garage YN No Gross Income 502116 Gross Scheduled Income 502116 Insurance Expense 13000 Land Lease YN No Laundry Features Inside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Maintenance Expense 23851 Net Operating Income 262101 New Construction YN No New Taxes Expense 102912 Number Of Separate Gas Meters 12 Number Of Separate Water Meters 1 Operating Expense 214909 Other Expense 2600 Property Sub Type Mixed Use Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 10640 Trash Expense 1185 Vacancy Allowance 25106 Water Sewer Expense 7641 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T09:28:31.457. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371840383-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371840383-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371840383-2.jpg
Logo
Romero Home Team | eXp Realty
865 Aerovista Pl, Suite 120
San Luis Obispo CA, 93401
Listing Agent(s): Eric Chen of Cb Richard Ellis (909-418-2000)