
Palm Springs, California 92264
This Versatile Araby Property represents a High-Potential Investment Opportunity, listed at $980,000—positioned above the $925,473 Fair Market Value by 5%. While priced at a premium, the asset offers significant utility through its ADU and multi-generational layout, providing clear income-generating potential. With a Condition Rating of 4, the home requires cosmetic modernization to maximize its value. Featuring 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 project in a prime Palm Springs location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1932 S Barona Subject | $925,000* List Price | 3 | 3 | 1,481 | $541 | - |
A 1518 S La Brea Road Sold | $850,000 | 3 | 2 | 1,560 | $545 | 0.5 mi |
B 2795 Alondra Way Sold | $1,200,000 | 3 | 2 | 1,644 | $730 | 0.4 mi |
C 1274 S Beverly Drive Sold | $1,050,000 | 3 | 3 | 2,045 | $513 | 0.7 mi |
D 3175 E Loma Vista Circle Pending | $749,000 List Price | 3 | 2 | 1,659 | $451 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1949 original adobe with a dated interior. While it features a newer addition and solar panels, the kitchen shows knotty pine cabinetry and older appliances consistent with a 20-30+ year old renovation style. It is functional and move-in ready but requires significant cosmetic updates and modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1481.
Situated in the highly desirable Araby neighborhood, this property offers breathtaking mountain vistas while being just a one-minute walk from shopping and three minutes from downtown Palm Springs.
The layout is exceptionally versatile, featuring a main house with a private-entrance front room and a separate ADU in the rear, ideal for rental income or guest accommodations.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Given the original 1949 construction date, the property may require specialized maintenance or updates to older systems that are not present in more modern builds.
At a list price of $980,000 for 1,481 square feet, the property commands a high price-per-square-foot that may be a hurdle for buyers seeking more interior living space.
WILL NOT LAST.. Location Location Location!!! This desirable Araby home is located in one of the most desirable areas in palm springs with Stunning mountain views and just 1 minute walk from major shopping center and a 3 minute drive from downtown Palm springs. While being surrounded by the ultimate peaceful and serene desert landscape. Mountain vistas surround this spacious 3BR, 3BA home. there are two rooms in the main house with the front room having its own entrance and a ADU in the back as well. The original 1949 adobe has thick brick walls offering insulation from summer heat. this home also has solar set up to keep cost low. It has a newer addition that provides a generous great room with high ceilings and large windows. Gas fireplace and ceramic tile floors make for a comfortable and cozy living space. Master bedroom is large and bright with study area, lots of closet space.. There is a bonus room at the rear of the property with separate entrance. Fruit trees on the property and a low maintenance eco-friendly desert landscape.
No exterior & parking available.
Grades K-5 • 1.4 mi
Grades 6-8 • 3.4 mi
Grades K-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,481 | 2,307 | 12% |
| Lot Size | 8,276 | 10,019 | 37% |
| Price | $925.0K | $1.42M | 24% |
| Price per sq ft | $625 | $625 | 50% |
| Built year | 1949 | 1976 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 143 | 1% |
Jun 1, 2026
$925,000
$980,000
-6% Price Drop
Initial Listing
May 17, 2026
$980,000
Initial Listing
Feb 28, 2001
$130,000
Public Record
Oct 10, 1996
$173,500
Public Record