15880 La Vida Drive, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 4 bath
Loading property details...
Palm Springs, California 92262
This Mid-Century Modern Residence represents a Strong Value Opportunity, listed at $359,000—positioned well below the $392,509 Fair Market Value by 8%. This valuation gap offers $33,509 in Instant Equity. Featuring a Condition Rating of 3, the home includes a Granite Kitchen and an attached guest house, providing significant rental versatility. With stunning mountain views and a large lot, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add property in a short-term rental-friendly zone.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15880 La Vida Drive Subject | $359,000* List Price | 3 | 4 | 1,696 | $231 | - |
A 15780 La Vida Sold | $425,000 | 3 | 3 | 2,016 | $211 | 0.1 mi |
B 15875 Snowview Drive Sold | $424,000 | 3 | 2 | 1,612 | $263 | 0.1 mi |
C 59915 Palm Oasis Avenue Sold | $410,000 | 3 | 2 | 1,575 | $260 | 0.1 mi |
D 22500 Fawnridge Drive Sold | $370,000 | 4 | 3 | 1,400 | $264 | 0.7 mi |
E 15811 Oreana Way Active | $454,900 List Price | 4 | 3 | 1,982 | $230 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1961, the property features a renovation likely within the 5-15 year range, evidenced by the updated kitchen with granite countertops, stainless steel appliances, and uniform tile flooring. The inclusion of individual mini-split AC units indicates updated climate systems, and the home appears well-maintained and move-in ready, despite some dated bathroom fixtures and a need for exterior landscaping.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1696.
The property features an attached guest house with a separate entrance and is located in a portion of Riverside County with less restrictive short-term rental regulations, making it a prime candidate for an income-generating investment.
Currently listed at $359,000, the property is priced substantially below its 2022 sale price of $480,000, offering a rare opportunity for immediate equity in the competitive Palm Springs market.
The home utilizes individual space AC units in each bedroom rather than a centralized HVAC system, which may be less efficient and less desirable for buyers during extreme desert heat.
Located in the North End of Palm Springs near the windmill farms, the property is situated in a high-wind corridor, which can impact outdoor comfort and increase the accumulation of desert dust and debris.
Welcome to San Jacinto Cove, located just off hwy 111 in the northern part of Palm Springs. This mid-century modern home features an attached guest house with a separate entrance and totals 3 bedrooms and 4 bathrooms. Each bedroom also has it's own space AC for individualized comfort. The main house offers 2 bedrooms and spacious living spaces. The kitchen looks out on to the family room, and has newer stainless steel appliances along with granite counter tops. The property boasts a large fenced backyard with separate private patios for each unit and the potential to add a pool and other outdoor living amenities, such as adding a pool. One of the significant advantages of this home is its location in Riverside County, where short-term rental regulations are less restrictive, making it an ideal investment opportunity. Enjoy absolutely stunning views of the nearby San Jacinto mountains, windmill farms which all provide a picturesque backdrop from every angle. This home offers a genuine Palm Springs experience with its unique charm and beautiful surroundings.
No exterior & parking available.
Grades K-5 • 5.0 mi
Grades 6-8 • 5.6 mi
Grades 9-12 • 7.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 3.0 | 74% |
| Square foot | 1,696 | 1,939.5 | 37% |
| Lot Size | 7,405 | 9,583 | 34% |
| Price | $359.0K | $875.0K | 2% |
| Price per sq ft | $212 | $487 | 1% |
| Built year | 1961 | 1986 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 180 | 2% |
May 15, 2026
$359,000
Initial Listing
Dec 16, 2022
$480,000
Public Record
Jul 22, 2020
$253,000
Public Record
Sep 24, 2019
$225,000
Public Record
Apr 12, 2016
$77,000
Public Record
Nov 17, 2014
$71,500
Public Record
Mar 25, 2004
$70,000
Public Record