1059 N Palm Canyon Drive, Palm Springs, CA 92262 (MLS# 219142445)

1059 N Palm Canyon Drive, Palm Springs, CA 92262

$1,550,000
Property Type: Residential Income Bedrooms: 5 Baths: 8 Square Footage: 3,900 Status: Pending
Current Price: $1,550,000 List Date: 1/31/2026 Last Modified: 4/20/2026

Overview

Description

Prime mixed-use opportunity in the heart of Palm Springs. Located on highly trafficked North Palm Canyon Drive, 1059-1063 N Palm Canyon features five apartment units and three small commercial units, all 100% vacant and ready for immediate occupancy. The property offers exceptional upside for an owner/user or investor seeking to reposition and add value. Surrounded by a vibrant and well-established retail corridor, this prime location benefits from strong foot traffic, excellent visibility, and proximity to downtown Palm Springs' shops, dining, and entertainment. The commercial spaces are ideal for retail, office, or service uses, while the residential units provide additional income potential once renovated. The property needs some TLC, presenting a rare opportunity to customize and revitalize a mixed-use asset in one of Palm Springs' most desirable corridors. Endless possibilities for redevelopment, re-tenanting, and long-term hold in a premier location.

Listing Details MLS# 219142445

General Property Information

Total Units
8
Total Bedrooms
5
Full Baths
8
Total Baths
8
Approx SqFt
3900
SqFt Source
Other
Fireplace
No
Building # of Stories
Yes
Pool
No
Lot Size Source
Assessor
Year Built
1952
Cross Streets
Palm Canyon & Via Lola

Property Features

Sale Type: Standard Listing Terms: Cash; Cash to New Loan; Conventional Possession: Close Of Escrow View Type: Mountain(s) Disclosures: Property As Is Levels: One Flooring: Carpet; Ceramic Tile Cooling Type: Air Conditioning Heating: Central Rooms: Other Security Safety: Other Sewer: In, Connected and Paid Parking: Direct Entrance; Other Land Lease Type: Fee Simple

Listing Location and Property Info

APN
505261007
Original List Price
1550000
Street #
1059
Street Direction
N
Street Name
Palm Canyon
Street Suffix
Drive
County
Riverside
State
CA
Zip Code
92262
Area
332 - Palm Springs Central
Country
US

Listing Info

Number of Buildings
Yes

Tax Info

Tax Mello Roos
No

Property Info

Senior Community
No
Gated Community
No
View
Yes

More Information

Status Change Info

Status Change Date
2026-04-20
Pending Date
2026-04-20

Counts

# Electric Meters
8
# Gas Meter
Yes
# Water Meters
Yes

Parking SpacesInformation

Total Parking Spaces
6

Listing, Location and Property Info

New Construction
No
Entry Date
2026-01-31
Land Type
Fee

Sale Type

Standard
Yes

Listing Terms

Cash
Yes
Cash to New Loan
Yes
Conventional
Yes

Possession

Close Of Escrow
Yes

Parking Spaces/Information

Total Covered Spaces
0
Total Uncovered/Assigned Spaces
6

View Type

Mountain(s)
Yes

Disclosures

Property As Is
Yes

Levels

One
Yes

Flooring

Carpet
Yes
Ceramic Tile
Yes

Cooling Type

Air Conditioning
Yes

Heating

Central
Yes

Rooms

Other
Yes

Security Safety

Other
Yes

Sewer

In, Connected and Paid
Yes

Parking

Direct Entrance
Yes
Other
Yes

Land Lease Type

Fee Simple
Yes
Listing Office: KW Coachella Valley
Listing Agent: Adam M Gilbert
Last Updated: April - 20 - 2026
Information deemed reliable but not guaranteed.
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