1725 N Whitewater Club Drive, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 3 bath
ACTIVE$830,000
1725 N Whitewater Club Drive, Palm Springs, California 92262
3Beds
3Baths
1,813Sqft
6,098Lot
Price Vs. Estimate
The estimated value ($670,877.245) is $159,122.755 (19%) lower than the list price ($830,000). This property may be overpriced.
Key pros and cons
Top Pros:
Established Specialized Business: The property has successfully operated as a Residential Care Facility for the Elderly (RCFE) for over a decade, offering a proven business model and immediate income potential for investors.
Top Cons:
Significant Valuation Discrepancy: The listing price of $830,000 is considerably higher than the estimated property value of $670,877, suggesting potential overpricing or a challenge in accurately valuing the specialized RCFE component.
Compared to the nearby listings
Price:$830.0K vs avg $925.0K ($-95,000)38%
Size:1,813 sqft vs avg 2,096 sqft39%
Price/sqft:$458 vs avg $49041%
More Insights
Built in 2008 (17 years old).
Condition: The property, built in 2008, falls within the 10-20 year age range for a 'Good' condition rating. The listing description explicitly states it is 'well-maintained' and has undergone 'meticulous upkeep' due to its operation as a Residential Care Facility for the Elderly, which implies high standards of functionality and safety. The single exterior image provided supports this, showing a clean and tidy facade with a well-kept tile roof and landscaping. However, without interior images or specific details on recent renovations of key areas like the kitchen and bathrooms, it's not possible to confirm if all components are 'virtually new' to warrant an 'Excellent' rating. It is move-in ready with well-maintained systems.
Year Built
2008
Close
-
List price
$830K
Original List price
$830K
Price/Sqft
$458
HOA
-
Days on market
-
Sold On
-
MLS number
OC25111281
Home ConditionGood
Features
View-
About this home
This well-maintained property has successfully operated as a Residential Care Facility for the Elderly (RCFE) for over a decade. Licensed to accommodate up to six residents, the facility includes a waiver for 6 bedridden resident and supports up to 6 hospice patients. Additionally, it holds a dementia care waiver, enabling specialized attention for residents with memory care needs. The facility's meticulous upkeep underscores its dedication to excellence in resident care and satisfaction. This property presents an excellent opportunity for investors interested in the senior care industry or for seasoned operators looking to expand. Buyers have the option to purchase this facility individually or as part of a package with three additional facilities.
Nearby schools
7/10
Katherine Finchy Elementary School
Public,•K-5•1.7mi
6/10
Vista Del Monte Elementary School
Public,•K-5•1.8mi
4/10
Raymond Cree Middle School
Public,•6-8•1.4mi
6/10
Palm Springs High School
Public,•9-12•1.8mi
4/10
Desert Learning Academy
Public,•K-12•2.1mi
6/10
Cathedral City High School
Public,•9-12•4.5mi
Condition Rating
Good
The property, built in 2008, falls within the 10-20 year age range for a 'Good' condition rating. The listing description explicitly states it is 'well-maintained' and has undergone 'meticulous upkeep' due to its operation as a Residential Care Facility for the Elderly, which implies high standards of functionality and safety. The single exterior image provided supports this, showing a clean and tidy facade with a well-kept tile roof and landscaping. However, without interior images or specific details on recent renovations of key areas like the kitchen and bathrooms, it's not possible to confirm if all components are 'virtually new' to warrant an 'Excellent' rating. It is move-in ready with well-maintained systems.
Pros & Cons
Pros
Established Specialized Business: The property has successfully operated as a Residential Care Facility for the Elderly (RCFE) for over a decade, offering a proven business model and immediate income potential for investors.
Comprehensive Licensing: Licensed for up to six residents, with waivers for bedridden and hospice patients, and dementia care, allowing for a broad range of specialized senior care services.
Meticulous Upkeep: Described as 'well-maintained' and having 'meticulous upkeep,' indicating the property is in excellent condition and may require minimal immediate capital expenditure.
Growing Market Demand: The property is positioned in the senior care industry, a sector with increasing demand due to an aging population, offering a strategic investment opportunity.
Flexible Investment Opportunity: Buyers have the option to purchase this facility individually or as part of a package with three additional facilities, providing scalability and strategic growth potential.
Cons
Significant Valuation Discrepancy: The listing price of $830,000 is considerably higher than the estimated property value of $670,877, suggesting potential overpricing or a challenge in accurately valuing the specialized RCFE component.
Limited Appeal to General Residential Buyers: As a specialized RCFE, its layout and features may not appeal to traditional single-family home buyers, potentially narrowing the market and resale options if the RCFE business is not continued.
Lack of Standard Residential Amenities Mentioned: The property description does not highlight typical Palm Springs residential amenities such as a pool, specific views (stated as 'None'), or modern interior upgrades, which are often expected by buyers in this price range and are present in some comparable properties.