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$3,995,000

For Sale

21 hours ago

360 N Palm Canyon Dr, Palm Springs, CA

House

MLS® 219144233DA

6 Bed

9 Bath

14078 sqft

31 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 14078 sqft
Garage No
Taxes 
Days Active 0
Lot Size 0.51 acres
Approx. Age 1946
Avg. Price Per Sqft $283
MLS® Number 219144233DA

Property Address: 360 N Palm Canyon Dr, Palm Springs, CA, 92262-5642

Average square foot calculated using Size range provided by listing agent.

Description

Prime Net Lease is pleased to present a rare mixed-use investment opportunity in the heart of Downtown Palm Springs, California. This +/-14, 078 SF property offers a dynamic blend of retail and residential uses, featuring 9 apartment (6 1bed/1bath and 3 studios) units and 2 ground-floor retail suites. With its prime location, strong tenant base, and significant value-add potential, the asset represents a premier acquisition in one of Southern California's most desirable resort markets. Located along Palm Canyon Drive, Palm Springs' premier pedestrian corridor, the property benefits from exceptional visibility and heavy year-round foot traffic driven by surrounding restaurants, boutiques, luxury hotels, and entertainment venues. The site is positioned adjacent to the newly developed 168-room Thompson Hotel and within walking distance to major attractions including the Palm Springs Art Museum, Agua Caliente Cultural Plaza, and the Palm Springs Convention Center. The property is further supported by robust demographics and strong tourism demand. Within three miles, the average household income exceeds $99, 000, and the area draws from both affluent local residents and more than 14 million annual visitors to the Coachella Valley. Palm Springs International Airport, less than 10 minutes away, serves over 3 million passengers annually, connecting the city to major domestic and international markets. 6.81% Proforma Cap Rate Possible within 12 months (call lead agent Marvin Alverdin at (714) 804-5245 for details) Seller is motivated. Please see the attached marketing brochure for full details.
MLS® Number219144233DA
Laundry LevelLaundry Room
Central VacNo
FireplaceNo
Acreage0.51
Exterior
GarageNo
Approx. Age1946
Basement
DrivewayOn Street, Unassigned
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 4, 2026List Date
$3,995,000List Price
  • Commute

Commute

Starting Address
Destination Address
360 N Palm Canyon Dr, Palm Springs, CA

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