15780 Coral Street, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
ACTIVE$379,900
15780 Coral Street, Palm Springs, California 92262
3Beds
2Baths
1,560Sqft
7,405Lot
Price Vs. Estimate
The estimated value ($379,900) is $0 (0%) lower than the list price ($379,900). This property may be overpriced.
Key pros and cons
Top Pros:
Income-Generating Asset: The property is currently leased for 12 months at $2,400/month, providing immediate and stable rental income for an investor.
Top Cons:
Recent Price Reduction: The property has seen a recent price reduction from $399,900 to $379,900, which may suggest initial overpricing or a longer market time.
Compared to the nearby listings
Price:$379.9K vs avg $925.0K ($-545,100)2%
Size:1,560 sqft vs avg 2,096 sqft26%
Price/sqft:$244 vs avg $4903%
More Insights
Built in 2005 (20 years old).
Condition: Built in 2005, this property is 19 years old, fitting the 'Good' category's age range. It is move-in ready with no immediate renovations required, featuring recently updated vinyl flooring throughout. While the kitchen and bathroom cabinets and countertops show signs of being original to the build and are somewhat dated in style and color (e.g., light wood cabinets, speckled laminate counters, white kitchen appliances mixed with a stainless fridge, and a green-toned bathroom counter), they are functional and well-maintained. The presence of recessed lighting and a bonus den adds value. Overall, the home is clean and appears to have well-maintained systems, aligning with the 'Good' condition criteria.
Year Built
2005
Close
-
List price
$380K
Original List price
$400K
Price/Sqft
$244
HOA
-
Days on market
-
Sold On
-
MLS number
219129213DA
Home ConditionGood
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
The home is now leased for 12 months, at $2,400 a month, perfect for an investor. This 3 bedroom, 2 bath home features an open layout with 9' ceilings, recessed lighting, and easy-care vinyl flooring throughout.There's also a bonus den for added flexibility perfect as a home office or guest room. The primary suite offers a walk in shower, dual sinks, and a soaking tub for total relaxation.Enjoy stunning mountain views, RV parking, and best of all--this home is short term rental eligible, making it a great option for income potential. Located just minutes from downtown Palm Springs, you'll love the convenience and charm this home delivers.
Nearby schools
6/10
Vista Del Monte Elementary School
Public,•K-5•5.1mi
4/10
Raymond Cree Middle School
Public,•6-8•5.7mi
6/10
Palm Springs High School
Public,•9-12•7.6mi
4/10
Desert Learning Academy
Public,•K-12•7.6mi
Condition Rating
Good
Built in 2005, this property is 19 years old, fitting the 'Good' category's age range. It is move-in ready with no immediate renovations required, featuring recently updated vinyl flooring throughout. While the kitchen and bathroom cabinets and countertops show signs of being original to the build and are somewhat dated in style and color (e.g., light wood cabinets, speckled laminate counters, white kitchen appliances mixed with a stainless fridge, and a green-toned bathroom counter), they are functional and well-maintained. The presence of recessed lighting and a bonus den adds value. Overall, the home is clean and appears to have well-maintained systems, aligning with the 'Good' condition criteria.
Pros & Cons
Pros
Income-Generating Asset: The property is currently leased for 12 months at $2,400/month, providing immediate and stable rental income for an investor.
Short-Term Rental Eligibility: This home is eligible for short-term rentals, offering significant income potential in the highly sought-after Palm Springs market.
Prime Palm Springs Location: Located just minutes from downtown Palm Springs, offering convenience to attractions, dining, and entertainment.
Modern Interior & Flexible Space: Features an open layout with 9' ceilings, recessed lighting, easy-care vinyl flooring, and a bonus den perfect for a home office or guest room.
Desirable Features & Views: The primary suite includes a walk-in shower, dual sinks, and a soaking tub, complemented by stunning mountain views and practical RV parking.
Cons
Recent Price Reduction: The property has seen a recent price reduction from $399,900 to $379,900, which may suggest initial overpricing or a longer market time.
Lack of Private Pool/Spa: Despite being in Palm Springs, a popular destination for resort-style living, the description does not mention a private pool or spa, which is a highly desired amenity for both residents and short-term renters.
Age of Major Systems: Built in 2005, major systems such as HVAC, roof, and water heater are approaching 20 years old and may require future maintenance or replacement, which could be an unforeseen expense for a buyer.