1407 N Sunrise Way 25, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 1 bath
ACTIVE$252,000
1407 N Sunrise Way 25, Palm Springs, California 92262
1Bed
1Bath
771Sqft
1,500Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Potential: The community allows seasonal rentals of 15 consecutive days or more, making this property an excellent opportunity for income generation.
Top Cons:
Age of Property: Built in 1973, the property is over 50 years old, which may imply potential for aging infrastructure or systems beyond the noted interior updates.
Compared to the nearby listings
Price:$252.0K vs avg $337.0K ($-85,000)27%
Size:771 sqft vs avg 1,068 sqft33%
Price/sqft:$327 vs avg $34643%
More Insights
Built in 1973 (52 years old).
Condition: The property, built in 1973, features a recently updated kitchen with modern cabinets, stainless steel appliances, and recessed lighting. The main living areas have new wood-look laminate flooring. However, the bathroom shows a mix of updates, with a dated tiled vanity countertop and wallpaper, and the bedroom still has carpet, contradicting the 'all new wood flooring' claim. A significant factor is the presence of wall AC units instead of central air, indicating an outdated major cooling system. While the property is well-maintained and has some modern touches, these older components prevent it from achieving a 'Good' rating, placing it in the 'Fair' category where major components are functional but show signs of being outdated.
Year Built
1973
Close
-
List price
$252K
Original List price
$258K
Price/Sqft
$327
HOA
$480
Days on market
-
Sold On
-
MLS number
PW25023937
Home ConditionFair
Features
Patio
View-
About this home
Beautiful ground floor, single story condo near the pool area. Great investment opportunity! Fully furnished if desired! Just bring your toothbrush and relax in beautiful Palm Springs. Located in the resort-like community of Ranch Club Estados on fee simple land (you own it) in central Palm Springs, minutes from all conveniences of downtown and its restaurants, shopping and quick drive to the Palm Springs International Airport. One bedroom and one bathroom, all new wood flooring, updated kitchen and bathroom. The community features multiple pools, spas, clubhouse, fitness room, tennis & pickle ball courts and assigned covered parking for homeowners and guest parking as well. This community allows seasonal rentals of 15 consecutive days or more which can make for a wonderful income producing property if desired. Internet and cable included in HOA dues.
Nearby schools
7/10
Katherine Finchy Elementary School
Public,•K-5•0.6mi
4/10
Raymond Cree Middle School
Public,•6-8•0.4mi
6/10
Palm Springs High School
Public,•9-12•1.7mi
4/10
Desert Learning Academy
Public,•K-12•1.9mi
Condition Rating
Fair
The property, built in 1973, features a recently updated kitchen with modern cabinets, stainless steel appliances, and recessed lighting. The main living areas have new wood-look laminate flooring. However, the bathroom shows a mix of updates, with a dated tiled vanity countertop and wallpaper, and the bedroom still has carpet, contradicting the 'all new wood flooring' claim. A significant factor is the presence of wall AC units instead of central air, indicating an outdated major cooling system. While the property is well-maintained and has some modern touches, these older components prevent it from achieving a 'Good' rating, placing it in the 'Fair' category where major components are functional but show signs of being outdated.
Pros & Cons
Pros
Strong Investment Potential: The community allows seasonal rentals of 15 consecutive days or more, making this property an excellent opportunity for income generation.
Resort-Style Community Amenities: Residents benefit from a wealth of amenities including multiple pools, spas, a clubhouse, fitness room, tennis, and pickleball courts.
Prime Central Palm Springs Location: Situated in central Palm Springs, the property is minutes from downtown's vibrant restaurants, shopping, and a quick drive to the international airport.
Fee Simple Land Ownership: A significant advantage in Palm Springs, this condominium is on fee simple land, meaning the owner holds outright ownership of the land.
Updated Interior & Furnished Option: The unit features new wood flooring, an updated kitchen and bathroom, and offers the convenience of being fully furnished if desired.
Cons
Age of Property: Built in 1973, the property is over 50 years old, which may imply potential for aging infrastructure or systems beyond the noted interior updates.
High Monthly HOA Dues: The $480.0 monthly association fee, while including internet and cable, represents a substantial ongoing cost that could impact affordability and net returns.
Limited Space & No View: With 771 sqft, 1 bedroom, and 1 bathroom, the unit offers limited living space, and the property explicitly states 'view: None,' which may not appeal to all buyers.