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360 N Palm Canyon Drive, Palm Springs, CA 92262
$3,995,000
Property Type:
Residential
Bedrooms:
6
Baths:
9
Square Footage:
14,078
Status:
Active
Current Price:
$3,995,000
List Date:
3/04/2026
Last Modified:
3/05/2026
Overview
Description
...
(Read more)
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.
Listing Details MLS# 219144233
General Property Information
- Total Bedrooms
- 6
- Full Baths
- 9
- Approx SqFt
- 14078
- Total Baths
- 9
- SqFt Source
- Assessor
- Fireplace
- No
- Pool
- No
- Garage
- No
- Sprinklers
- No
- Building # of Stories
- 2
- Lot Size Source
- Assessor
- Year Built
- 1946
- Furnished
- Furnished
- Cross Streets
- Alejo Rd & Amado Rd
Property Features
Sale Type:
Standard
Listing Terms:
1031 Exchange; Other
Possession:
Close Of Escrow
View Type:
City Lights
Other Structural Features:
Balcony
Disclosures:
None
Levels:
Two
Flooring:
Tile; Wood; Other
Cooling Type:
Air Conditioning; Ceiling Fan(s); Central Air
Heating:
Central
Rooms:
Entry; Other
Laundry:
Individual Room
Security Safety:
Other
Patio Features:
Balcony
Sewer:
Public Hookup Available
Parking:
On Street; Unassigned
Land Lease Type:
Fee Simple
Listing Location and Property Info
- APN
- 513081009 & 513081020
- Original List Price
- 3995000
- Property Sub-Type
- Single Family Residence
- Street #
- 360
- 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
- Short Term Rentals
- No
- Will Consider Lease
- No
Tax Info
- Tax Mello Roos
- Unknown
Property Info
- Golf Course Within Development
- No
- Senior Community
- No
- Gated Community
- No
- PUD Y/N
- No
- View
- Yes
- Total Monthly Association Fees
- 0
More Information
Status Change Info
- Status Change Date
- 2026-03-04
Parking SpacesInformation
- Total Parking Spaces
- 31
HOA Information
- HOA
- No
DPR
- DPR Eligible
- No
Listing, Location and Property Info
- Entry Date
- 2026-03-04
- Land Type
- Fee
Sale Type
- Standard
- Yes
Listing Terms
- 1031 Exchange
- Yes
- Other
- Yes
Possession
- Close Of Escrow
- Yes
Parking Spaces/Information
- Total Covered Spaces
- 0
- Total Uncovered/Assigned Spaces
- 31
View Type
- City Lights
- Yes
Other Structural Features
- Balcony
- Yes
Disclosures
- None
- Yes
Levels
- Two
- Yes
Flooring
- Tile
- Yes
- Wood
- Yes
- Other
- Yes
Cooling Type
- Air Conditioning
- Yes
- Ceiling Fan(s)
- Yes
- Central Air
- Yes
Heating
- Central
- Yes
Rooms
- Entry
- Yes
- Other
- Yes
Laundry
- Individual Room
- Yes
Security Safety
- Other
- Yes
Patio Features
- Balcony
- Yes
Sewer
- Public Hookup Available
- Yes
Parking
- On Street
- Yes
- Unassigned
- Yes
Land Lease Type
- Fee Simple
- Yes
Documents
Listing Office:
Prime Desert Estates
Listing Agent:
Paul R Matusik
Last Updated: March - 05 - 2026
Information deemed reliable but not guaranteed.

Offering Memorandum ›