255 S Avenida Caballeros 111, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
255 S Avenida Caballeros 111
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 255 S Avenida Caballeros 111, Palm Springs, California 92262 is currently available with a list price of $295,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
The property is move-in ready and shows pride of ownership with significant updates. While originally built in 1989, the unit features a modernized kitchen with updated countertops, stainless steel appliances, and contemporary lighting. The bathrooms have been upgraded, and the interior features consistent hard-surface flooring and neutral paint. It meets the 'good' criteria as major components have been updated and the home requires no immediate renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Downtown Location
This ground-floor end unit is situated just blocks from downtown Palm Springs, offering exceptional walkability to premier dining, shopping, and entertainment venues.
- Architectural Significance
Designed by renowned architect Hugh M. Kaptur, this complex offers a unique investment opportunity within a sought-after community featuring premium amenities like tennis and pickleball courts.
- Modernized Interior & Convenience
The unit boasts an updated kitchen and upgraded bathrooms, along with the rare convenience of a full-sized laundry room located directly on the private patio.
CONSRISKS & DEFICIENCIES
- Land Lease Costs
The property is on leased land with a monthly payment of $305, which adds a significant recurring expense on top of the $577 monthly HOA dues.
- Rental Restrictions
A 30-day minimum rental policy is in effect, which prevents owners from participating in the lucrative short-term vacation rental market.
About 255 S Avenida Caballeros 111
Ground floor end unit in sought after smaller community located a few blocks from the active downtown area. This architecturally significant complex designed by Hugh M. Kaptur, results in a great investment. Make it your primary home or weekend getaway. Seasonal 30-day minimum rentals are also a possibility. Enjoy the large community pool and spa, racquetball court, tennis/pickleball court, meeting room, and dog release area. The unit is conventionally located to the pool, parking, and community gate. The kitchen has updated counter, appliances, and lighting. Large living room/dining area with patio access and view. Both bedrooms are spacious and the bathrooms are upgraded.The patio also has a full-sized laundry room and a pedestrian gate for easy access to your assigned carport parking spot. Take advantage of being able to quickly make your way downtown and enjoy restaurants, shopping, theatre, casino, and activities. The airport is just a few minutes away. HOA dues of $520 includes: earthquakes insurance, water, sewer, trash. Land lease runs to year 2080 at $305 a month(paid quarterly).
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1989
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $577.0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Cahuilla Elementary School
Grades K-5 • 0.9 mi
Raymond Cree Middle School
Grades 6-8 • 1.6 mi
Desert Learning Academy
Grades K-12 • 1.0 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 | 1,096 | 1,060 | 54% |
| Lot Size | - | 500 | 45% |
| Price | $295.0K | $330.0K | 43% |
| Price per sq ft | $269 | $341 | 18% |
| Built year | 1989 | 1982 | 83% |
| HOA | $577.0 | $532 | 67% |
| Days on market | 541 | 173 | 0% |
Pricing History
Listed for Sale
Nov 25, 2025
$295,000
$319,500
-8% Price Drop
Initial Listing
Price Change
Jul 31, 2025
$319,500
Initial Listing
Price Change
Sep 12, 2024
$375,000
Initial Listing