280 S Avenida Caballeros 131, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 2 bath
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Palm Springs, California 92262
This Modernized Ground-Level Condo is a Prime Investment Opportunity, listed at $279,000—positioned well below the $290,662 Fair Market Value by 4%. This valuation gap offers $11,662 in Instant Equity for buyers. Boasting a Good Condition Rating, the residence features a rare second full bathroom and unique direct street access via a private patio. Located blocks from downtown with west-facing mountain views, this property balances lifestyle perks with rental potential. It is perfectly suited for lifestyle-oriented buyers or seasonal residents.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 280 S Avenida Caballeros 131 Subject | $279,000* List Price | 1 | 2 | 887 | $328 | - |
A 280 S Avenida Caballeros 116 Sold | $339,000 | 2 | 2 | 996 | $340 | 0.1 mi |
B 351 N Hermosa Drive 2b2 Sold | $262,500 | 2 | 2 | 849 | $309 | 0.6 mi |
C 500 E Amado Road 420 Sold | $292,000 | 1 | 2 | 736 | $397 | 0.6 mi |
D 400 N Sunrise Way 252 Sold | $270,000 | 1 | 1 | 850 | $318 | 0.8 mi |
E 280 S Avenida Caballeros 238 Sold | $330,000 | 2 | 2 | 1,128 | $293 | 0.1 mi |
F 467 S Calle El Segundo D5 Sold | $224,000 | 1 | 1 | 568 | $394 | 0.4 mi |
G 255 S Avenida Caballeros 306 Active Under Contract | $312,000 List Price | 2 | 2 | 1,046 | $298 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features several tasteful updates including Pergo flooring, fresh paint, and modern stainless steel appliances. While the kitchen cabinetry and tile countertops, as well as the bathroom vanities, reflect an older design style consistent with the 1981 build year, they appear well-maintained with minimal wear. The inclusion of updated light fixtures, ceiling fans, and a functional wet bar supports a 'good' condition rating.
Ideally situated just blocks from downtown Palm Springs and Arenas Road, this ground-level corner unit offers highly desirable west-facing mountain views.
The property features a rare second full bathroom and exclusive direct street access from a private patio, providing unmatched convenience for guests and additional parking.
The interior is tastefully updated with stainless steel appliances, Pergo flooring, and fresh paint, complemented by the convenience of in-unit laundry.
The association fee of $581 per month is relatively high for a one-bedroom unit, which may impact the overall affordability and investment yield.
Built in 1981, the community may require ongoing maintenance or future capital improvements typical of older desert developments.
Highly sought-after ground-level corner residence with brand-new air conditioning, offering sweeping west-facing mountain views, ideally located just blocks from the vibrant energy of Arenas Road and downtown Palm Springs. This thoughtfully designed one-bedroom home features a spacious ensuite primary bedroom along with a rare second full bathroom, making it an exceptional option for a full-time residence, desert retreat, or income-producing investment. Move-in ready and tastefully updated, the interior showcases fresh paint, stainless steel appliances, Pergo flooring, a stylish fireplace, and a wet bar perfect for relaxed desert living and entertaining. One of the most unique features of this residence is the private, enclosed patio with direct access to Baristo Road, offering unmatched convenience and flexibility. This is the only unit in the community with this exclusive access, allowing for easy entry, guest convenience, and additional parking options right outside your gate. Additional highlights include in-unit laundry with a full-size washer and dryer, secure covered parking located directly across from the unit, and private gated entry through the patio.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 1.7 mi
Grades K-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 35% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 887 | 1,122.5 | 37% |
| Lot Size | - | 436 | 46% |
| Price | $279.0K | $360.0K | 32% |
| Price per sq ft | $315 | $345 | 34% |
| Built year | 1981 | 1981 | 50% |
| HOA | $581.0 | $550 | 59% |
| Days on market | 19 | 182 | 1% |
Apr 3, 2026
$279,000
Initial Listing