1059 N Palm Canyon Drive Palm Springs, CA ^$ 1,550,000

1059 N Palm Canyon Drive

^$ 1,550,000

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1059 N Palm Canyon Drive

Palm Springs, CA, 92262

^$ 1,550,000

Bedrooms5 Baths8.0 Sq 3,900

Monthly Estimate*

^$ 9,544

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Multi-Family Home for sale in Palm Springs, CA

for $1,550,000 with 5 bedrooms and 8 full baths. This 3,900 square foot home was built in 1952.

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.

Multi-Family Active

Price

^$ 1,550,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Year Built

1952

Town/City

Palm Springs

County/Region

Riverside

MLS | Web ID

219142445

Features

General

Living Area 3900.0

Sewer In Connected and Paid

Heating Central

Cooling Air Conditioning

Possession Close Of Escrow

Garage Spaces 0.0

Security Features Other

3/4 Baths 0

Full Baths 8

Half Baths 0

Year Built 1952

View Mountain(s)

Levels One

County Riverside

Property Type C

Subdivision Name Old Las Palmas

Status Active

City Palm Springs

Senior Community Y/N No

MLS Area 332 - Palm Springs Central

Carport Spaces 0.0

Listing Terms Conventional Cash to New Loan Cash

Walk Score 0

Standard Status Active

Interior

Flooring Ceramic Tile Carpet

Total Stories 1

Air Conditioning Y/N Yes

Heating Y/N Yes

Fireplace Y/N No

1/4 Baths 0

Total Bathrooms 8.0

Total Baths 8

Total Bedrooms 5

Exterior

Parking Features Total Uncovered/Assigned Spaces Other Direct Entrance

Total Parking 6.0

Lot Size Area 10019.0

Spa No

Pool Y/N? No

Building Area Total 3900.0

Lot Size Source Assessor

Land Lease Type Fee

* Excluded Features

List By

Adam Gilbert

Listing Agent

The Firm Brokerage

Broker

Affordability Calculator

$9,544

Per Month

Monthly Principal & Interest: $9,544
Monthly Property Taxes: --
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Palm Springs, CA

Average List Price ^$1,635,267

Percent of Sale Price 6%

About Palm Springs, CA

46,525 Population

9% Since 2002

^$49,313 Median Income

54.63 Median Age

11% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/31/2026	$1,550,000		Listed Price

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1059 N Palm Canyon Drive, Palm Springs, CA, 92262 is a Multi-Family Home for sale at $1,550,000 with 3,900 sqft. 1059 N Palm Canyon Drive has 5 bedrooms, 8.0 baths, and was built in 1952. The property's zip code is 92262 which is in Palm Springs, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 1/31/2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1059 N Palm Canyon Drive

Multi-Family Home for sale in Palm Springs, CA

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