$5,995,000
1680 E Palm Canyon, Palm Springs CA 92264
Multi-Family (30 Units)
Property type
64 days
On market
$295
Price per sqft
0 cars
Garage
1959
Year built
40,946 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Eric Chen 909-418-2071, CB RICHARD ELLIS
Listing updated: Apr 3, 2026 at 04:58pm.
Last checked: Jun 4, 2026 at 11:31pm
Source: CRMLS #CV26071280
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 6 | 0 | 0 | — | $1,479 | $106,500 | $1,700 | Unfurnished |
| 21 | 1 | 1 | — | $1,655 | $417,000 | $1,900 | Unfurnished |
| 2 | 2 | 1 | — | $1,870 | $44,880 | $2,200 | Unfurnished |
| 1 | 3 | 2 | — | $2,420 | $29,040 | $2,500 | Unfurnished |
# of Buildings: 2
# of Units Total: 30
Separate Electric Meters: 1
Separate Gas Meters: 1
Separate Water Meters: 1
Rent Control: No
Units Leased: 30
Total Actual Rent: $617,760
Financial Snapshot
Gross Rent Multiplier
8.7x
List Price / Annual Gross Rent
Cap Rate
6.59%
NOI / List Price
Gross Scheduled Income: $692,759
Vacancy Allowance: $34,638
Operating Expense: $262,968
Net Operating Income: $395,153
Annual Operating Expenses
Electric: $56,328
Gardener: $6,000
Fuel: $0
Insurance: $16,171
Maintenance: $23,250
New Taxes: $83,533
Pest Control: $1,404
Pool: $5,610
Professional Management: $48,408
Trash: $8,809
Water / Sewer: $7,256
Other Expense: $6,200
Interior
Cooling: Wall Window Units
Heating: Wall Furnace
Laundry: Common Area
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: Two Common Walls Or More
Lot Features: Lot Over40000 Sqft
Pool: Community, In Ground
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Uncovered Spaces: 29
Parking Total: 29
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 508455010
Additional Parcels: No
Tax Lot: 43
Subdivision: Deepwell Apartments
Community
Senior Community: No
Community Features: Curbs, Mountainous, Sidewalks, Pool
Nearby Schools
Nearby schools around the 1680 E Palm Canyon, Palm Springs, CA 92264. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$4,796,000
Total Interest
$6,117,034
Total Payment
$10,913,034
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$36,709
per month
Property History for 1680 E Palm Canyon
Palm Springs Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92264.
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