2001 E Camino Parocela Q120, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath
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Palm Springs, California 92264
This condo presents a Prime Investment Opportunity with a List Price of $379,000—positioned well below the $386,800 Fair Market Value by 2%. This valuation gap offers $7,800 in Instant Equity. Featuring a Fair Condition Rating (4/10), the unit offers a proven vacation rental history and a privacy-centric split-bedroom floor plan. With stunning mountain views and access to community pools, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a value-add property in Palm Springs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2001 E Camino Parocela Q120 Subject | $379,000* List Price | 2 | 2 | 1,175 | $329 | - |
A 2001 E Camino Parocela L84 Sold | $345,000 | 2 | 2 | 1,175 | $294 | 0.0 mi |
B 2700 E Mesquite Avenue E29 Sold | $295,000 | 2 | 2 | 1,175 | $251 | 0.7 mi |
C 2001 E Camino Parocela G42 Sold | $415,000 | 2 | 2 | 1,175 | $353 | 0.1 mi |
D 2701 E Mesquite Avenue L54 Sold | $369,000 | 2 | 2 | 1,175 | $314 | 0.7 mi |
E 1111 E Ramon 53 Sold | $338,000 | 2 | 2 | 1,069 | $316 | 0.5 mi |
F 2033 E Ramon Road 7a Sold | $460,000 | 2 | 2 | 1,275 | $361 | 0.2 mi |
G 2001 E Camino Parocela J71 Active | $379,000 List Price | 2 | 2 | 1,175 | $323 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, the property is 40 years old and retains a dated kitchen with original-style laminate cabinetry, wood trim, and older recessed lighting. While functional and well-maintained for its successful vacation rental history, the interior finishes and systems are likely beyond the 20-year mark, necessitating cosmetic updates and minor repairs to meet modern standards.
The condo features a south-facing balcony with stunning mountain views and a secondary private balcony for the guest suite, maximizing the desirable Palm Springs outdoor lifestyle.
With a documented successful vacation rental history, this property offers a turnkey opportunity for investors looking to capitalize on the high demand for short-term stays in the area.
The split-bedroom layout places the two suites on opposite sides of the unit, providing excellent privacy for guests or roommates within an open-concept living space.
Built in 1984, the unit may require cosmetic updates or appliance upgrades to compete with more modern or fully renovated properties in the Mesquite Country Club.
The monthly association fee of $508 represents a significant fixed expense that buyers must factor into their budget alongside the mortgage and taxes.
Location, Location, Location plus this condo comes with a successful vacation rental history. Your Mesquite CC condo has a south facing balcony with stunning mountain views. Enjoy the sun on two different balconies. This 2 bedroom/2 bath has an open floor plan which maximizes space, yet provides privacy with the two bedrooms on opposite sides of the condo. The balcony runs the length of the condo with sliding door access from both the living room and master bedroom. In addition, the guest bedroom has its own private balcony with more mountain views. Mesquite CC includes access to 2 tennis courts and 3 community pools - with 2 of the pools just steps from the condo. Located in a beautiful community, landscaped, and less than 10 minutes to downtown Palm Springs. Don't forget the nearby hiking, biking and golfing. Seller says bring me offers!
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 2.2 mi
Grades K-12 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,175 | 1,385.5 | 32% |
| Lot Size | - | 816.5 | 46% |
| Price | $379.0K | $488.5K | 29% |
| Price per sq ft | $323 | $358 | 37% |
| Built year | 1984 | 1977 | 79% |
| HOA | $508.0 | $620 | 22% |
| Days on market | 14 | 150 | 0% |
May 24, 2026
$379,000
Initial Listing
Feb 4, 2022
$350,000
Public Record