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Sold for $1,350,000
  • Listed by: KW Coachella Valley • Adam Gilbert • 760-408-8874
    Bought with: Thomas Masters, Broker
    $1,350,000

    1059 N Palm Canyon Dr, Palm Springs, CA 92262

    --beds
    --baths
    --sqft
    Multi Family
    Built in 1952
    -- sqft lot
    $1,354,200 Zestimate®
    $--/sqft
    $2,500 Estimated rent

    Home value

    $1,354,200

    $1.23M - $1.49M

    $2,500/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Adam Gilbert DRE #01914157 760-408-8874,

    KW Coachella Valley

    Bought with:

    Thomas Masters, DRE #00864900

    Thomas Masters, Broker

    Source: CRMLS,MLS#: 219142445PSMLS LogoOriginating MLS: California Desert AOR & Palm Springs AOR

    Facts & features

    Interior

    Rooms
    • Room types: Other
    Heating
    • Central
    Cooling
    • Has cooling: Yes
    Features
    • Flooring: Carpet, Tile
    • Has fireplace: No

    Property

    Parking
    • Total spaces: 6
    • Parking features: Direct Access, Garage, Other
    • Uncovered spaces: 6
    Features
    • Levels: One
    • Stories: 1
    • Has view: Yes
    • View description: Mountain(s)
    Lot
    • Size: 10,019 Square Feet
    Details
    • Parcel number: 505261007
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 1952

    Community & HOA

    Community
    • Subdivision: Old Las Palmas
    Location
    • Region: Palm Springs

    Financial & listing details

    • Date on market: 1/31/2026
    • Listing terms: Cash,Cash to New Loan,Conventional

    Price history

    DateEventPrice
    6/11/2026Sold$1,350,000-12.9%
    Source: CRMLS #219142445PS Report a problem
    4/20/2026Pending sale$1,550,000
    Source: CDAR/ Desert Area MLS #219142445 Report a problem
    1/31/2026Listed for sale$1,550,000
    Source: CDAR/ Desert Area MLS #219142445 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Old Las Palmas

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
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    Estimated market value
    $1,354,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,354,200