222 N Calle El Segundo 560, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
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Palm Springs, California 92262
This Short-Term Rental Asset is listed at $385,000. While the price sits near the $360,013 Fair Market Value, the valuation accounts for the rare 7-day minimum rental permit and prime downtown location. With a Condition Rating of 4, the unit is move-in ready, featuring polished concrete floors and mountain views. Proximity to Katherine Finchy Elementary and Palm Springs High School within the Palm Springs Unified School District adds stability. This is an ideal acquisition for Buy-and-Hold Investors or Seasonal Residents targeting high-occupancy rental yields.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 222 N Calle El Segundo 560 Subject | $385,000* List Price | 2 | 2 | 1,150 | $313 | - |
A 222 N Calle El Segundo 576 Sold | $375,000 | 2 | 2 | 1,139 | $329 | 0.0 mi |
B 1456 Tiffany Circle N Sold | $430,000 | 2 | 2 | 1,251 | $344 | 0.7 mi |
C 1452 Tiffany` Circle N Sold | $400,000 | 2 | 2 | 1,251 | $320 | 0.7 mi |
D 1115 E Alejo Road Sold | $475,000 | 2 | 2 | 1,221 | $389 | 0.5 mi |
E 280 S Avenida Caballeros 238 Sold | $330,000 | 2 | 2 | 1,128 | $293 | 0.4 mi |
F 415 N Hermosa Drive Sold | $400,000 | 2 | 2 | 1,194 | $335 | 0.5 mi |
G 222 N Calle El Segundo 565 Pending | $375,000 List Price | 2 | 2 | 1,147 | $327 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is exceptionally clean and move-in ready, benefiting from recent cosmetic updates such as fresh interior paint, newer bedroom carpeting, and modern polished concrete flooring. However, the core components of the home reflect its 1983 construction; the kitchen features dated white cabinetry, older tile countertops, and a mix of appliances including an outdated electric coil-top stove. While the unit is well-maintained, the presence of mirrored walls and older lighting fixtures indicates that major systems and rooms like the kitchen and bathrooms have not undergone a full modern renovation, placing it firmly in the 'fair' category.
Situated in the heart of Downtown Palm Springs, this property offers unparalleled walkability to world-class dining, shopping, museums, and the casino, maximizing its appeal for urban living.
The rare 7-day minimum rental policy makes this a high-performing investment opportunity in a market where short-term rental restrictions are increasingly common.
Featuring stylish concrete flooring, fresh interior paint, and newer bedroom carpeting, the unit is in excellent condition, allowing for immediate occupancy or rental without additional renovation costs.
The association fee of $615 per month is a significant recurring expense that may impact the overall affordability and net cash flow for potential investors.
Being a ground-floor unit with a patio directly overlooking the pool area, the property may experience reduced privacy and increased noise levels during peak resort hours.
Location, Location, Location!Situated in the heart of Downtown Palm Springs, this beautifully maintained ground-floor condo places you just moments from the city's best entertainment, dining, culture, shopping, museums, casino, and spa experiences. This versatile property is perfect as a vacation getaway, full-time residence, or high-performing investment, with 7-day minimum short-term rentals permitted. The ground-floor unit features a bright open floor plan with stylish concrete flooring throughout the living area, flowing seamlessly to a spacious covered east-facing patio overlooking the pool area ideal for relaxing mornings or entertaining guests. A second private patio, accessible from both bedrooms, offers additional outdoor living space. The well-designed kitchen includes abundant cabinetry and connects to a convenient laundry/pantry area, making everyday living and hosting effortless. Both bedrooms feature newer carpet, and the home has been freshly painted throughout, making it truly move-in ready. Residents enjoy a resort-style community featuring: two sparkling pools, spa; Pickleball/tennis court; Lush desert landscaping with green & fruit trees; and Spectacular mountain views. Experience the best of Palm Springs living in a community designed for relaxation, recreation, and convenience. HOA dues include security service & internet. (See photos & floor-plan)
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,150 | 1,130 | 51% |
| Lot Size | 1,307 | 500 | 69% |
| Price | $385.0K | $361.0K | 53% |
| Price per sq ft | $335 | $345 | 43% |
| Built year | 1983 | 1981 | 61% |
| HOA | $615.0 | $550 | 66% |
| Days on market | 35 | 182 | 1% |
Mar 19, 2026
$385,000
Initial Listing