1680 E Palm Canyon, Palm Springs, CA 92264
Property
Sold September 2026
Listing Agent: Eric Chen (DRE #01489184) · Listing Office: CB RICHARD ELLIS · Contact: 626-757-5717 · Bought with: Albert Morell · WRE SoCal, Inc. · MLS #CV26071280 · Source: CRMLS
How this sale compares
1680 E Palm Canyon sold for $5,855,000 in September 2026, 2.3% under its $5,995,000 list price, after 76 days on the market. Across 414 closed sales in 92264 over the last 12 months, the median sold price is $587,000 and the median is $387 per square foot.
| Quarter | Closed sales in 92264 | Median sold price |
|---|---|---|
| Q1 2026 | 59 | $575,000 |
| Q2 2026 | 233 | $620,000 |
| Q3 2026 | 122 | $545,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Palm Springs · Homes for sale in 92264
About this property
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 generous ±40,946 SF lot in the prestigious Deepwell Estates, a neighborhood celebrated for its historic mid-century modern architecture and high-end residential appeal. The asset features a diverse unit mix of studios, 1B/1B, 2B/1B, and a premier 3B/2B unit, perfectly catering to the desert’s sophisticated renter demographic. The asset has undergone substantial recent renovations, positioning it as a “turn-key” luxury investment with a sophisticated aesthetic. All units feature high-end finishes, including woodgrain-look ceramic tile flooring, designer tile in kitchens and bathrooms, and stainless steel appliances. Ownership has taken a proactive approach to capital preservation, recently replacing air conditioning units and upgrading the gated exterior to ensure tenant privacy and security. These comprehensive interior and exterior improvements significantly reduce near-term CAPEX requirements, allowing a new owner to focus on yield-driven operations. Furthermore, the property offers a curated “resort-style” living experience characterized by a crystal-clear pool, contemporary desert landscaping, and unobstructed mountain views. Deepwell Apartments is strategically positioned in a submarket showing robust signs of population and rental growth. Located along the historic Palm Canyon Drive corridor, the property offers an enviable “walk score” with proximity to the Smoke Tree Shopping Center, world-class hiking trails, and the high-end boutiques and restaurants of downtown Palm Springs. With immediate access to State Route 111, the property provides seamless connectivity to the broader Coachella Valley’s primary tourism and employment hubs. Deepwell Apartments is an excellent income-producing asset in the Inland Empire and a long-term investment opportunity. All units have been remodeled with resort-like amenities, making this a perfect asset for any investor seeking a strong risk-adjusted return. The property offers unparalleled stability for any type of investor, whether it be a first-time purchaser, a seasoned institutional investor, or those seeking a high-quality 1031 Exchange asset.
Listing description from the September 2026 sale, as reported to CRMLS.
Sale history
Recent sales near 1680 E Palm Canyon
- 1453 Plato Circle — Sold $1,600,000 · 4 bd · 3 ba · 1,993 sqft · Aug 2026 · 0.4 mi
- 1550 E Mesquite Avenue — Sold $1,512,500 · 3 bd · 3 ba · 1,996 sqft · Aug 2026 · 0.5 mi
- 946 Oceo Circle S — Sold $808,000 · 2 bd · 3 ba · 2,066 sqft · Aug 2026 · 0.5 mi
- 1986 S Yucca Place — Sold $1,895,000 · 4 bd · 3 ba · 2,171 sqft · Aug 2026 · 0.5 mi
- 1955 S Yucca Place — Sold $1,495,000 · 3 bd · 4 ba · 2,950 sqft · Aug 2026 · 0.6 mi
- 1552 S Camino Real 229 — Sold $230,000 · 1 bd · 1 ba · 804 sqft · Aug 2026 · 0.6 mi
- 1338 S Camino Real — Sold $342,000 · 2 bd · 2 ba · 1,039 sqft · Aug 2026 · 0.6 mi
- 1552 S Camino Real 333 — Sold $205,000 · 1 bd · 1 ba · 684 sqft · Sep 2026 · 0.6 mi
MLS-reported closed sales in 92264, nearest first (last 12 months). All recent sales in Palm Springs →
Questions about 1680 E Palm Canyon
When did 1680 E Palm Canyon last sell?
1680 E Palm Canyon last sold in September 2026 for $5,855,000, according to CRMLS-reported closed sales.
What did 1680 E Palm Canyon sell for?
$5,855,000, 2.3% below the $5,995,000 list price, after 76 days on the market.
How does that compare to other Palm Springs sales?
414 homes closed in ZIP 92264 over the last 12 months at a median of $587,000 ($387 per square foot).
Is 1680 E Palm Canyon for sale now?
1680 E Palm Canyon is not currently listed on the MLS. Browse current homes for sale in Palm Springs on Nalren.