277 E Alejo Road 124, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
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Palm Springs, California 92262
This Modernized Downtown Condominium is a Prime Investment Opportunity, listed at $412,000—positioned well below the $425,017 Fair Market Value by 3%. This valuation gap provides $13,017 in Instant Equity for the incoming owner. Boasting a Condition Rating of 2, the interior features a high-end renovation with Samsung appliances, stone tile, and a pool-view patio. The all-inclusive HOA covers all utilities, offering financial predictability near the top-rated Katherine Finchy Elementary. This turnkey residence is a superior choice for Owner-Occupants or Seasonal Residents seeking a maintenance-free desert lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 277 E Alejo Road 124 Subject | $412,000* List Price | 2 | 2 | 1,131 | $376 | - |
A 277 E Alejo Road 102 Sold | $385,000 | 2 | 2 | 1,131 | $340 | 0.0 mi |
B 468 N Greenhouse Way Sold | $520,000 | 2 | 3 | 1,194 | $436 | 0.6 mi |
C 1115 E Alejo Road Sold | $475,000 | 2 | 2 | 1,221 | $389 | 0.6 mi |
D 204 Camino Norte Sold | $400,000 | 2 | 2 | 1,208 | $331 | 0.9 mi |
E 277 E Alejo Road 119 Active | $390,000 List Price | 2 | 2 | 1,131 | $345 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1966, the property has undergone an extensive and high-quality modern renovation within the last 5 years. The interior features a sleek, updated kitchen with stainless steel Samsung appliances and flat-panel cabinetry, fully remodeled bathrooms with contemporary stone tile and frameless glass, and updated flooring and recessed lighting throughout, leaving no deferred maintenance.
Ideally situated within walking distance to the heart of Palm Springs, providing immediate access to premier dining, shopping, and entertainment.
The condo is beautifully remodeled and comes fully furnished with modern decor, offering a seamless move-in experience or an immediate investment opportunity.
The HOA provides exceptional value by covering all utilities and earthquake insurance, ensuring predictable monthly costs and simplified ownership.
At $1,068 per month, the association dues are significantly high, which may impact buyer affordability and debt-to-income ratios for financing.
Built in 1966, the property may have underlying infrastructure limitations or maintenance requirements common to older mid-century developments despite interior updates.
This beautifully remodeled 2-bedroom, 2-bathroom condo offers the perfect blend of comfort, style, and convenience, ideally located within walking distance to vibrant downtown Palm Springs. Designed for effortless desert single-level living, the home comes fully furnished with tasteful, modern decor, allowing for a seamless move-in or turnkey investment opportunity. The open-concept layout features updated finishes throughout, including a sleek kitchen, upgraded bathrooms, and spacious living areas that flow naturally for both relaxing and entertaining. Large windows invite in abundant natural light while capturing the essence of indoor-outdoor living that Palm Springs is known for. Residents will appreciate the added convenience of secure subterranean parking, providing both protection and easy access. The HOA offers exceptional value by covering all utilities as well as earthquake insurance, making ownership simple and predictable. Whether you're looking for a full-time residence, vacation getaway, or income-producing property, this condo delivers on location, amenities, and lifestyle, all just steps from dining, shopping, and entertainment in the heart of Palm Springs.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 1.2 mi
Grades K-12 • 1.7 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 | 1,131 | 1,130 | 50% |
| Lot Size | - | 436 | 46% |
| Price | $412.0K | $361.0K | 58% |
| Price per sq ft | $364 | $347 | 56% |
| Built year | 1966 | 1981 | 7% |
| HOA | $1068.0 | $550 | 98% |
| Days on market | 9 | 182 | 1% |
Apr 13, 2026
$412,000
Initial Listing