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1680 East Palm Canyon Drive

Updated Sep 8, 2026

Bilt advertisement
Thomas Ammirato Acquires Multifamily Property From Steve Huffman For $5.855M In Palm Springs
SOLDMultiFamily

Thomas Ammirato Acquires Multifamily Property From Steve Huffman For $5.855M In Palm Springs

1680 East Palm Canyon Drive

$5,855,000

$288/SF

Building Size

20,296 SF

Asset Type

MultiFamily

Closing

Aug 31, 2026

About this deal

AI

The property asset involved in this transaction is a multifamily unit located at 1680 East Palm Canyon Drive, situated in the Palm Springs market. The sale was concluded at a price of $5,855,000. This asset comprises 30 units, with a price per unit of $195,166, and has a total square footage of 20,296, leading to a price per square foot of $288.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,855,000
  • Units: 30
  • Price Per Unit: $195,166
  • Square Footage: 20,296
  • Price Per Square Foot: $288
  • Buyer: Thomas Ammirato
  • Seller: Steve Huffman
  • Seller's Representative: Eric Chen & Blake Torgerson - CBRE
  • Date of Transaction: 08/31/2026

Key individuals involved in the transaction include the buyer, Thomas Ammirato, and the seller, Steve Huffman. The seller was represented by Eric Chen and Blake Torgerson from CBRE, who facilitated the sale process for the seller's interests.

Players

Blake Torgerson

CBRE

Broker

$358.2M

vol

54 deals

Broker

Palm Springs MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $288 per square foot on a published $5.9M for 20,296 square feet (2026).

Visit Eric Chen to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.71%

Cash-on-Cash

-0.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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