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 home-pic-0

197 W Via Lola 7

Palm Springs, California 92262

ACTIVE UNDER CONTRACT
CONDITION: POOR
2Beds
2Baths
1,230Sq Ft
Lot Size

Property Price

LIST PRICE$650,000

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

Poor
TeardownExcellent

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 The images reveal a significantly outdated kitchen with older light wood cabinets, an older mosaic tile backsplash, and dated white appliances.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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.02.0
50%
Baths2.02.0
50%
Square foot1,2301,060
65%
Lot Size-500
45%
Price$650.0K$331.0K
89%
Price per sq ft$528$344
93%
Built year19621982
1%
HOA$650.0$532
76%
Days on market141174
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

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