197 W Via Lola 7, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath

197 W Via Lola 7
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 197 W Via Lola 7, Palm Springs, California 92262 is currently available with a list price of $650,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1962, this unit is explicitly marketed as needing a 'transformation' to become a 'Palm Springs Getaway.' The images reveal a significantly outdated kitchen with older light wood cabinets, an older mosaic tile backsplash, and dated white appliances. The living area features older carpeting and a large, original-style stone fireplace. While the common areas have been recently renovated, the unit itself appears to have had minimal to no significant updates in decades, or only very old ones (30-50+ years ago). The condition requires substantial rehabilitation, including a full kitchen and bathroom remodel, and new flooring throughout, to meet current quality standards and compete with recently renovated units in the complex.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Neighborhood
Situated in the prestigious Old Las Palmas subdivision, known as 'Millionaire's Row' within the Uptown Design District, offering exceptional walkability to renowned dining and entertainment.
- Iconic Mid-Century Modern Appeal
Part of the iconic 'Villa de Las Palmas' community, this unit embodies the desirable Mid-Century Modern aesthetic with sleek lines, open spaces, and a focus on indoor-outdoor living.
- Stunning Views & Outdoor Living
Features dramatic floor-to-ceiling glass framing postcard views of Mt. San Jacinto and a spacious 285 sq. ft. entertaining balcony, perfect for enjoying the Palm Springs lifestyle.
CONSRISKS & DEFICIENCIES
- Bedroom Count Discrepancy
Tax records indicate the unit is a 1-bedroom, conflicting with the listing's 2-bedroom claim, which may impact financing or buyer expectations.
- Requires Renovation/Investment
The property description strongly suggests the unit is not renovated and requires significant investment to 'Transform Unit 7 into the ''Palm Springs Getaway'' of your dreams!'
- High Monthly Association Fee
The $650.00 monthly association fee is a notable recurring expense that buyers should factor into their budget and investment analysis.
About 197 W Via Lola 7
Rare Mid-Century Find -- Uptown Design District Modern Living. Step into the Palm Springs lifestyle of the 1960s -- sleek lines, open spaces, and indoor-outdoor living at its best. The last two renovated units recently sold for $870,000 each. This rare 2-bedroom, 2-bath residence is located within the iconic ''Villa de Las Palmas'', a gated, 24-unit Mid-Century Modern community built in 1962. Perfectly situated on West Via Lola, once affectionately known as ''Millionaire's Row,'' this address captures the timeless glamour of the Uptown Design District. Inside, discover an airy living and dining space wrapped in dramatic floor-to-ceiling glass -- approximately 15 feet wide by 8 feet high -- framing postcard views of Mt. San Jacinto. The home's layout flows effortlessly to a spacious 15' x 19' entertaining balcony (approx. 285 sq. ft.), where cocktail hour meets sunset in true Palm Springs style. All indoor and outdoor spaces of the condo are on the same level. Beautifully renovated greenbelt and desertscape (2023) with year-round heated Pool, Spa and Fire/Water Feature ... all facing Mt. San Jacinto. Don't forget the hard-to-find, assigned, underground garage parking space. Steps from Ernest Coffee, Tailor Shop Craft Cocktail Bar, Hyphen Wine Shop, Saffron & John's restaurants. Less than 1/4 mile to 849, Jake's, Cafe La Jefa, Workshop & Trio (which is a 3 minute walk). Stroll or bike through your exclusive Old Las Palmas neighborhood any day of the week. HOA allows 30-day or longer rentals. Pets welcome. The last two renovated units recently sold for $870,000 each. NOTE: Tax Records indicate every unit in this complex is only 1 Bedroom. Ask your agent for photos of the adjacent condominium that was beautifully renovated a few years ago. Transform Unit 7 into the ''Palm Springs Getaway'' of your dreams!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1962
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $650.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,230 | 1,060 | 65% |
| Lot Size | - | 500 | 45% |
| Price | $650.0K | $331.0K | 89% |
| Price per sq ft | $528 | $344 | 93% |
| Built year | 1962 | 1982 | 1% |
| HOA | $650.0 | $532 | 76% |
| Days on market | 141 | 174 | 28% |
Pricing History
Listed for Sale
Jan 1, 2026
$650,000
$700,000
-7% Price Drop
Initial Listing
Price Change
Oct 18, 2025
$700,000
Initial Listing




































