222 N Calle El Segundo 529, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 1 bath
ACTIVE$295,000
222 N Calle El Segundo 529, Palm Springs, California 92262
1Bed
1Bath
653Sqft
871Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Rental Income Potential: The unit is explicitly marketed as a viable short or long-term rental investment, allowing 7-night minimums and including future reservations valued at $18K from January through April, offering immediate income generation.
Top Cons:
Absence of Views: The property description explicitly states 'view: None', which can be a significant drawback in Palm Springs where mountain or city views are highly desirable and often command a premium.
Compared to the nearby listings
Price:$295.0K vs avg $337.0K ($-42,000)41%
Size:653 sqft vs avg 1,068 sqft24%
Price/sqft:$452 vs avg $34884%
More Insights
Built in 1983 (42 years old).
Condition: Built in 1983, this unit has undergone significant updates, including new laminate flooring throughout and an updated bathroom with a new vanity and decorative tile. While the kitchen features older-style wood cabinets and a mix of appliance ages (older black refrigerator and coil-top range, newer stainless microwave), it is clean and functional with a recently updated backsplash. The property is move-in ready and well-maintained, aligning with the 'Good' criteria for properties with recent updates that are not a full, extensive renovation.
Year Built
1983
Close
-
List price
$295K
Original List price
$295K
Price/Sqft
$452
HOA
$618
Days on market
-
Sold On
-
MLS number
25607045PS
Home ConditionGood
Features
Patio
View-
About this home
This move-in-ready unit at Plaza Villas is being sold turnkey, fully furnished and equipped, whether as a primary residence or a viable short or long-term rental investment. 7-night minimums are allowed, with future reservations (18K January through April) that can be kept or cancelled. Located in the heart of downtown Palm Springs across from the Spa Resort Casino, the condo is within walking distance to everything the vibrant city center has to offer. The interior features tile flooring in the entry and bathroom, and new laminate flooring throughout, updated bathroom with decorative tile tub/shower surround, and new vanity, stacked washer/dryer inside, and tastefully appointed furnishings and decor. Ample storage and a generous 9' x 12' patio complete the package. The community has two pool/spa areas, a tennis court, secure gated entries, and covered parking, all in a prime downtown location.
Nearby schools
7/10
Katherine Finchy Elementary School
Public,•K-5•0.8mi
4/10
Raymond Cree Middle School
Public,•6-8•1.3mi
4/10
Desert Learning Academy
Public,•K-12•1.3mi
6/10
Palm Springs High School
Public,•9-12•1.4mi
Condition Rating
Good
Built in 1983, this unit has undergone significant updates, including new laminate flooring throughout and an updated bathroom with a new vanity and decorative tile. While the kitchen features older-style wood cabinets and a mix of appliance ages (older black refrigerator and coil-top range, newer stainless microwave), it is clean and functional with a recently updated backsplash. The property is move-in ready and well-maintained, aligning with the 'Good' criteria for properties with recent updates that are not a full, extensive renovation.
Pros & Cons
Pros
Exceptional Rental Income Potential: The unit is explicitly marketed as a viable short or long-term rental investment, allowing 7-night minimums and including future reservations valued at $18K from January through April, offering immediate income generation.
Prime Downtown Location: Situated in the heart of downtown Palm Springs, directly across from the Spa Resort Casino, providing walking distance access to all vibrant city center attractions and amenities.
Turnkey & Fully Furnished: Sold completely turnkey, fully furnished, and equipped, making it immediately ready for occupancy as a primary residence or for rental purposes without additional setup costs.
Updated Interior & Move-in Ready: Features new laminate flooring, an updated bathroom with decorative tile and new vanity, and an in-unit stacked washer/dryer, ensuring a modern and comfortable living space.
Comprehensive Community Amenities: The Plaza Villas community offers desirable amenities including two pool/spa areas, a tennis court, secure gated entries, and covered parking, enhancing lifestyle and property value.
Cons
Absence of Views: The property description explicitly states 'view: None', which can be a significant drawback in Palm Springs where mountain or city views are highly desirable and often command a premium.
High Monthly HOA Fees: The association fee of $618.0 per month is substantial for a 653 sqft 1-bedroom unit, potentially impacting affordability for buyers and reducing net rental income for investors.
Compact Living Space: With 653 sqft, the unit offers limited living space, which may not appeal to all buyers, particularly those seeking more expansive accommodations or planning longer-term residency.