980 N Indian Canyon

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30739327
Property Subtypes: Mid-Rise
Status: Pending/Contingent
Number of Units: 9 Units
Building Size (RSF): 6,685 SF
Gross Building Area: See Agent
Sale Price: $1,990,000
Unit Price: $221,111.11 Per Unit
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/30/2021

Overview / Comments

The Firm presents a rare opportunity to own a 9-unit apartment complex in Palm Springs’ famous and highly desirable Movie Colony District. In the heart of downtown Palm Springs this property has a breakdown of: five one-bedroom units, one two-bedroom unit, and three penthouse style studios overlooking a fabulous courtyard with a pool and stunning mountain views. This property has huge upside potential and is an amazing opportunity for rarely available multifamily.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 507-151-010
Zoning: R-3
Community Amenities: Outdoor Pool
Property Condition: Good
Number of Stories: 2
Year Built: 1945
Parking Type: Surface
Total Parking Spaces: 10
Fuel: Gas

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,448 41,868 81,699
Median Age: 52.21 47.71 42.78
Households: 3,531 20,179 33,902

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