2433 Los Patos Drive, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 1 bath
ACTIVE$249,000$858/sqft
2433 Los Patos Drive, Palm Springs, California 92264
1Bed
1Bath
858Sqft
3,049Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Fee Simple Ownership & Rarity: This property is on Fee Simple land, a significant advantage in Palm Springs, and is a rare single-story 1-bedroom condominium.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3049, other record lot size in square feet = 775.
Compared to the nearby listings
Price:$249.0K vs avg $432.5K ($-183,500)7%
Size:858 sqft vs avg 1,316 sqft12%
Price/sqft:$290 vs avg $33324%
More Insights
Built in 1974 (52 years old).
Condition: The property, built in 1974, has undergone significant cosmetic updates, giving it a 'fresh look' as described. The kitchen features modern white cabinets and countertops, though the appliances are white and there's a mirrored backsplash, which are not top-tier modern. The wood-look laminate flooring is consistent throughout, and the bathroom is clean with an updated vanity. While not a full, high-end renovation, it is move-in ready with well-maintained systems and a contemporary aesthetic, fitting the 'Good' category.
Year Built
1974
Close
-
List price
$249K
Original List price
$249K
Price/Sqft
$290
HOA
$520
Days on market
-
Sold On
-
MLS number
219140142DA
Home ConditionGood
Features
Good View: Mountain(s), Peek-A-Boo
Patio
ViewMountain(s), Peek-A-Boo
About this home
Rarely available, one of the few 1 bdrm single story condo AND on Fee Simple land! Super Cute, Furnished with Tenant Already in Place. STRs allowed (14 Day Minimum). Fresh look with wood look floors, white cabinets and kitchen counters, shutters, extra large closet and two sets of sliding doors that open onto a private back patio, complete with gas grill. The back patio is across from one of the 11 community pools and has STUNNING sunset VIEWS. While the front yard is across the street from the 4 tennis / pickleball courts. Covered parking, 2 community spas and exercise room are a few of the amenities. Close to golf, hiking, supermarkets, shopping and restaurants.The 14 day minimum rental policy could make this home a good investment as well. Tenant in place si showing times may be limited.
?
The Briggs Group
Listing Agent
Nearby schools
4/10
Cahuilla Elementary School
Public,•K-5•3.2mi
4/10
Raymond Cree Middle School
Public,•6-8•4.5mi
6/10
Palm Springs High School
Public,•9-12•2.5mi
4/10
Desert Learning Academy
Public,•K-12•2.5mi
Price History
Date
Event
Price
12/01/00
Sold
$70,000
06/29/00
Sold
$70,000
09/29/16
Sold
$152,000
02/14/03
Sold
$120,000
Condition Rating
Good
The property, built in 1974, has undergone significant cosmetic updates, giving it a 'fresh look' as described. The kitchen features modern white cabinets and countertops, though the appliances are white and there's a mirrored backsplash, which are not top-tier modern. The wood-look laminate flooring is consistent throughout, and the bathroom is clean with an updated vanity. While not a full, high-end renovation, it is move-in ready with well-maintained systems and a contemporary aesthetic, fitting the 'Good' category.
Pros & Cons
Pros
Fee Simple Ownership & Rarity: This property is on Fee Simple land, a significant advantage in Palm Springs, and is a rare single-story 1-bedroom condominium.
Strong Investment Potential: Approved for short-term rentals (14-day minimum) and currently tenant-occupied and furnished, offering immediate income generation.
Modern & Updated Interior: Features a fresh look with wood-look floors, white cabinets, updated kitchen counters, and shutters, providing a contemporary aesthetic.
Extensive Community Amenities: Residents benefit from 11 community pools, 4 tennis/pickleball courts, 2 spas, an exercise room, and covered parking.
Desirable Location & Scenic Views: Prime Palm Springs location close to golf, hiking, shopping, and dining, complemented by stunning sunset and mountain views.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3049, other record lot size in square feet = 775.
High Monthly Association Fee: The $520 monthly association fee is substantial for a 1-bedroom unit, impacting overall carrying costs and potential investment returns.
Restricted Showing Availability: Current tenant occupancy may limit showing times, potentially complicating the sales process and buyer access.
Compact Living Space: As a 1-bedroom, 1-bathroom unit with 858 sqft, the property offers limited living space, which may restrict its appeal to a broader buyer demographic.