155 W Hermosa Place 5, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 1 bath
155 W Hermosa Place 5
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 155 W Hermosa Place 5, Palm Springs, California 92262 is currently available with a list price of $499,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Palm Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property is in pristine, move-in-ready condition, featuring a fully updated kitchen with modern stainless steel appliances, contemporary cabinetry, and stylish countertops. The interior boasts newer large-format tile flooring, modern light fixtures, and updated window shutters throughout. While the recorded build year is 2003, the interior reflects a high-end, recent renovation that meets current modern standards with no signs of deferred maintenance, aligning with the 'excellent' criteria for recently renovated properties.
PROSSTRENGTHS & OPPORTUNITIES
- Architectural Heritage
Designed by legendary architect Albert Frey, this property offers iconic mid-century modern aesthetics and is offered turnkey furnished, providing immediate value and historical prestige.
- Investment Potential
Situated in the premier Old Las Palmas neighborhood with short-term rentals permitted, this unit serves as a rare and lucrative investment opportunity in a high-demand tourism corridor.
- Exceptional Outdoor Living
The residence features two private patios, including one of the largest in the complex, offering expansive mountain views and seamless indoor-outdoor desert living.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1067, other record lot size in square feet = 435.
- Limited Interior Space
With only 663 square feet of living area, the compact footprint may be a constraint for buyers seeking a more spacious primary residence or extensive storage.
- Communal Laundry Facilities
The absence of an in-unit washer and dryer requires the use of shared building facilities, which can be a significant inconvenience for high-end renters and owners.
About 155 W Hermosa Place 5
Welcome to 155 Hermosa Place, Unit 5, a gem nestled in the iconic mid-century modern complex, Villa Hermosa, designed by the legendary architect Albert Frey. Situated in the heart of Palm Springs' Old Las Palmas neighborhood, this condo offers a unique investment opportunity with allowed short-term rentals.Step inside this 663-square-foot, 1-bedroom, 1-bathroom residence and be captivated by its modern charm. The stylish kitchen is spacious and equipped with updated appliances, countertops, and lighting, perfect for culinary enthusiasts. The living areas feature newer tile and shutters, providing a sleek and contemporary ambiance.Enjoy the luxury of two private patios, including one of the largest in the complex, offering breathtaking views of the San Jacinto Mountains. Whether you're sipping morning coffee or hosting a twilight dinner party, the outdoor space is a serene retreat.This unit boasts a range of amenities, including assigned parking, a refreshing pool, and convenient laundry facilities within the building.Offered turnkey furnished, this condo is a perfect blend of privacy and community, with cantilevered roofs and a layout that embraces the desert landscape. Experience the captivating simplicity of Frey's International Style of modernism in a location that truly has it all. Right in the heart of downtown and walking distance to all that Palm Springs has to offer.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2003
- Lot Size
- 1,067 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $541.0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Katherine Finchy Elementary School
Grades K-5 • 0.5 mi
Raymond Cree Middle School
Grades 6-8 • 0.9 mi
Palm Springs High School
Grades 9-12 • 2.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 41% |
| Baths | 1.0 | 2.0 | 40% |
| Square foot | 663 | 1,051 | 27% |
| Lot Size | 1,067 | 576.5 | 70% |
| Price | $499.0K | $331.0K | 73% |
| Price per sq ft | $753 | $344 | 98% |
| Built year | 2003 | 1982 | 85% |
| HOA | $541.0 | $532 | 51% |
| Days on market | 30 | 173 | 1% |
Pricing History
Listed for Sale
Feb 5, 2026
$499,000
Initial Listing
Sold
Mar 22, 2024
$515,000
Public Record
Sold
Aug 13, 2015
$285,000
Public Record
Sold
Mar 13, 2015
$239,000
Public Record