222 N Calle El Segundo, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
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Palm Springs, California 92262
This High-Potential Investment Opportunity is a Turnkey Condominium listed at $375,000, positioned well below the $392,905 Fair Market Value by 4%. This valuation gap offers $17,905 in Instant Equity. Featuring a Condition Rating of 2 with a fully remodeled kitchen and Mountain Views, this property is optimized for short-term rentals with a 7-day minimum policy. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a low-maintenance desert retreat in downtown Palm Springs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 222 N Calle El Segundo Subject | $375,000* List Price | 2 | 2 | 1,139 | $345 | - |
A 280 S Avenida Caballeros 209 Sold | $315,000 | 2 | 2 | 1,128 | $279 | 0.4 mi |
B 280 South Avenida Caballeros 102 Sold | $353,000 | 2 | 2 | 996 | $354 | 0.5 mi |
C 605 E Amado Road 610 Sold | $405,000 | 2 | 2 | 1,147 | $353 | 0.1 mi |
D 222 N Calle El Segundo 576 Sold | $375,000 | 2 | 2 | 1,139 | $329 | 0.1 mi |
E 255 S Avenida Caballeros 306 Sold | $302,000 | 2 | 2 | 1,046 | $289 | 0.5 mi |
F 255 S Avenida Caballeros 302 Sold | $290,000 | 2 | 2 | 1,046 | $277 | 0.4 mi |
G 1115 E Alejo Road Sold | $475,000 | 2 | 2 | 1,221 | $389 | 0.5 mi |
H 605 E Amado Road 619 Active Under Contract | $399,000 List Price | 2 | 2 | 1,150 | $347 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1983, the property has undergone a comprehensive modern renovation within the last 5 years. The kitchen is fully remodeled with white shaker cabinets, quartz countertops, subway tile backsplash, and stainless steel appliances. The interior features updated flooring, recessed lighting, and fresh paint, presenting in mint, move-in-ready condition.
Situated in the heart of downtown Palm Springs with a rare 7-day minimum rental policy, this property offers exceptional potential for short-term investment income.
The condo features a beautifully remodeled kitchen, an open-concept floor plan, and the high-demand convenience of full-size indoor laundry.
The association fee includes essential utilities such as water, trash, cable, and internet, providing a simplified, lock-and-leave lifestyle for owners.
The $590 monthly HOA fee is a significant recurring expense that may impact the overall affordability and net cash flow for investors.
Built in 1983, the community's older structural elements and common facilities may necessitate future capital improvements or special assessments.
Experience your own desert retreat at Plaza Villas, one of downtown Palm Springs most sought after gated communities. Ideally situated between the Agua Caliente Casino and the Palm Springs Convention Center. This exceptional location offers the perfect combination of resort style living, convenience and investment potential. With a 7+ day minimum for short-term rentals. This property presents an outstanding opportunity as a vacation home, full-time residence or income producing investment. It's also an ideal option for snowbirds enjoying the beautiful winter season in Palm Springs while generating rental income during the months you're away. This beautifully updated 2 bedroom, 2 bathroom condo features a spacious open concept floor plan with an inviting living and dining area, a remodeled kitchen, full-size indoor laundry and two private balconies. Enjoy your morning coffee or evening sunsets from the balcony off the living room while the second balcony is shared by both bedrooms, creating a peaceful outdoor retreat with beautiful mountain views. Surrounded by lush landscaping and fragrant citrus trees. Plaza Villas offers an impressive collection of amenities including two sparkling pools, relaxing spas, tennis courts and secure gated access. HOA dues include water, trash, cable, internet and beautifully maintained grounds allowing for truly carefree ownership. Assigned covered parking and ample guest parking complete the package. Step outside and enjoy everything that makes Palm Springs a world renowned destination. You're just minutes from championship golf courses, award winning restaurants, luxury shopping, exciting casinos, live entertainment and some of Southern California's best nightlife. Whether you're spending the day on the golf course, exploring downtown or relaxing poolside with mountain views this home places the very best of the desert right at your doorstep. Don't miss this rare opportunity to own your own slice of paradise in the heart of downtown Palm Springs where resort style living and exceptional investment potential come together.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 1.3 mi
Grades K-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,139 | 1,199 |
| Lot Size | - | 1,742 |
| Price | $375.0K | $445.8K |
| Price per sq ft | $329 | $351 |
| Built year | 1983 | 1980 |
| HOA | $590.0 | $587 |
| Days on market | 33 | 67 |
Jun 19, 2026
$375,000
Initial Listing