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$4,395,000

664 668 Palm Canyon Drive

Palm Springs, CA 92262

Active

1960

Year Built

Riverside

County

CommercialSale

Property Type

About this home

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.

Listed by Scott Timberlake · DRE #01257645 · Realty Trust

MLS #1151720658

ListedJan 26, 2026

Property Details

Architecture

Stories2

StyleN/A

Total UnitsN/A

RoofComposition, Flat, Tile

Garage SpacesN/A

PoolN/A

SpaN/A

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringN/A

CoolingN/A

HeatingCentral, Electric, Forced Air

FireplaceN/A

LaundryNone

Parking FeaturesN/A

Parking Total17

Patio & PorchN/A

Entry LevelN/A

Entry LocationN/A

Common WallsN/A

Property Features

Lot Size0.40 ac

Lot FeaturesLandscaped, Near Public Transit, Street Level

ViewN/A

DirectionsFrom downtown Palm Springs, head N on N Palm Canyon Drive. Property will be on the right, south of Tamarisk Road.

Community

Area332 - Central Palm Springs

School DistrictN/A

Tax & Financial

TermsCash, Conventional

Land LeaseN/A

HOA NameN/A

HOA FeeN/A

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Mortgage Estimate

$23,392/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 3:15 PM

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