222 N Calle El Segundo 557, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
222 N Calle El Segundo 557
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 222 N Calle El Segundo 557, Palm Springs, California 92262 is currently available with a list price of $379,900. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property is well-maintained and clean, but it remains largely in its original 1983 condition. The kitchen and bathrooms feature dated tile countertops, older white appliances, and mid-range cabinetry that show their age. While functional and move-in ready, the home lacks the modern updates required for a higher rating.
PROSSTRENGTHS & OPPORTUNITIES
- Short-Term Rental Potential
The rare 7-day minimum rental policy makes this property an exceptional income-generating opportunity in a market with often restrictive short-term rental ordinances.
- Prime Downtown Location
Situated in the heart of Palm Springs near the Agua Caliente Casino and Convention Center, the property offers high walkability and central access to the city's best dining and entertainment.
- Comprehensive HOA Package
The HOA fee includes essential utilities such as water, trash, cable, and internet, simplifying ownership and providing a low-maintenance lifestyle for residents and investors.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The $590 monthly HOA fee is a significant recurring expense that may impact the overall affordability and net ROI for budget-conscious buyers.
- Aging Infrastructure
Built in 1983, the property may require more frequent maintenance or modern updates to compete with newer luxury developments in the Palm Springs area.
About 222 N Calle El Segundo 557
Experience your own desert retreat at Plaza Villas, a highly sought-after community nestled between the Agua Caliente Casino and the Convention Center in the heart of vibrant downtown Palm Springs. This prime location offers the perfect balance of convenience and investment potential, with a 7+ day minimum for short-term rentals, making it an exceptional income-generating opportunity. Whether you're looking for a personal getaway or a profitable property, this 2-bedroom, 2-bathroom condo is the ideal choice. Inside, you'll find a spacious open floor plan featuring a large living and dining area, along with a fully equipped kitchen. Additional perks include a full-size indoor laundry and a balcony with stunning mountain views. The well-maintained, security-gated community boasts lush landscaping with fragrant citrus trees, two sparkling pools, spas, and tennis courts—all set against breathtaking mountain vistas. HOA fees cover landscaping, water, trash, cable, and internet, providing ease and peace of mind. Assigned covered parking and guest parking are conveniently available on-site. Plaza Villas offers both tranquility and easy access to all the excitement that Palm Springs has to offer. Don't miss this rare opportunity to own a piece of paradise in downtown Palm Springs!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1983
- Lot Size
- 871 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $590.0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Katherine Finchy Elementary School
Grades K-5 • 0.9 mi
Raymond Cree Middle School
Grades 6-8 • 1.4 mi
Desert Learning Academy
Grades K-12 • 1.3 mi
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 | 1,139 | 1,060 | 58% |
| Lot Size | 871 | 576.5 | 61% |
| Price | $379.9K | $331.0K | 58% |
| Price per sq ft | $334 | $341 | 46% |
| Built year | 1983 | 1982 | 58% |
| HOA | $590.0 | $532 | 70% |
| Days on market | 421 | 173 | 99% |
Pricing History
Listed for Sale
Dec 25, 2025
$379,900
Initial Listing
Price Change
Jan 10, 2025
$410,000
Initial Listing