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360 N Palm Canyon Dr
For Sale $3,995,000 ($283.78 per Sq Ft)
$3,995,000 ($283.78 per Sq Ft)
- 6 Bedrooms
- 9 Bathrooms
- 14,078 Sq Ft
- 22,216 Sq Ft
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,995,000 |
| Property Type | Single Family Homes |
| Usable Sqft | 14,078 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1946 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 513081009 & 513081020 |
| MLS # | 219144233DA |
| Property ID | 322644451 |
| Lot Sqft | 22,216 |
| Zoning | Unknown |
| Days on Market | 8 |
| Original List Price | $3,995,000 |
| Date Updated | March 05, 2026 |
| Date Created | March 04, 2026 |
Listing Provided By
Paul Matusik an agent of . Lic #01351021
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of March 05, 2026 The information being 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.
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Robert Crawford
REAL ESTATE AGENT