664 Palm Canyon Dr , Palm Springs, CA 92262
$4,395,000
Est. Payment: $23,278.80/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 90
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PS8642 - PS49164,PS02206276
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House Description

Prime 100% Leased Investment Opportunity in the Heart of Palm Springs' Historic Uptown District. Located in one of Palm Springs' most desirable corridors, this impeccably maintained property offers exceptional visibility and charm. Dual Architecture, Mid Century Modern and Spanish, situated on a single tax lot with two distinct addresses. The offering includes: 668 Building - A striking Mid-Century Modern commercial space ideal for retail, office, or mixed use. 664 Building - A beautifully preserved Spanish-style property, home to the renowned and successful Jake's Restaurant boasting high foot traffic and excellent street frontage. In 2024 Jakes expanded its operation and a new fully renovated lobby, additional indoor seating, kitchen and restrooms. Off-street parking exclusively for tenants. This property is both functional and aesthetically unique. The 668 building features two common area restrooms on the second floor, while the ground-floor retail units each have private restrooms. Additional highlights include a fully paid solar system on the 668 building--enhancing sustainability and reducing operational costs. Currently under application for the Mills Act for a potentially significant property tax reduction. Fully occupied, please do not disturb tenants. Seller open to an exchange for an out of state Commercial property, Hotel or residential income property. Oregon preferred.

Highlights

Listed by Scott Timberlake , (760) 333-7578 and Daniel Abello , (760) 794-6999 Realty Trust , (760) 327-8000. CRMLS/Multi-Regional MLS mls logo

Property Type

Commercial Sale

Lot/Acreage
0.4

Year Built

1960

County

Riverside

Area

332 - Central Palm Springs

Listing ID

219142175PS

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot:Landscaped,Near Public Transit,Street Level,No Land Lease
Garage Capacity:17
Roof:Composition,Flat,Tile
Principal Interest
$23,279
Taxes
$2,802

Home Price

$4,395,000

Loan Details

30 yrs
6.952%

Down Payment

20%
$879,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$23,278.80

Principal

Taxes

Principal Taxes HOA Total
Monthly $23,278.80 $2,801.81 $0.00 $26,080.61
Yearly $279,345.62 $33,621.75 $0.00 $312,967.37
Total $8,380,368.61 $1,008,652.50 $0.00 $9,389,021.11

Today's Rates

30 Year

6.95%

20 Year

6.73%

15 Year

6.35%

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Market insight data is pulled from the same city as the listing being viewed (Palm Springs, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T15:01:48.000Z

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