280 S Avenida Caballeros 268, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
280 S Avenida Caballeros 268
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 280 S Avenida Caballeros 268, Palm Springs, California 92262 is currently available with a list price of $354,900. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 new construction or fully renovated.
The property has undergone a comprehensive and high-quality modern remodel, featuring a kitchen with high-end appliances and brand-new countertops, along with fully updated bathrooms. Although originally built in 1981, the extensive recent renovations, contemporary finishes, and turnkey condition meet the criteria for excellent quality with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Downtown Location
Situated in the heart of Palm Springs, this property offers exceptional walkability to Arenas Road and major downtown attractions, making it highly desirable for urban desert living.
- Comprehensive Modern Remodel
The unit features a fully updated kitchen with high-end appliances and new countertops, along with remodeled bathrooms, providing a turnkey, move-in-ready experience for the buyer.
- Superior Outdoor Living
With three private terraces and south-facing views of the mountains and pool, the layout perfectly maximizes the iconic Palm Springs indoor-outdoor lifestyle.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1500, other record lot size in square feet = 812.
- Land Lease Expenses
The property is on leased land with a monthly payment of $211, which, combined with the $581 HOA fee, increases the total monthly non-mortgage carrying costs for the owner.
- Rental Limitations
A 30-day minimum rental restriction prevents owners from capitalizing on the high-turnover short-term vacation rental market common in the Palm Springs area.
About 280 S Avenida Caballeros 268
Bright, beautiful and fully remodeled 2 bedroom townhouse in Downtown Palm Springs. Caballeros Estates is a well maintained, secure complex walking distance to Arenas Road and all the attractions in the center of town. This townhouse style unit is arranged over two floors with three privarte terraces to enjoy the indoor/outdoor living that Palm Springs is famous for. The first floor features a remodeled kitchen with high end appliances and brand new counter tops, along with a separate laundry room and a half bath for your convenience. The dining area has its own terrace, and the luxurious living room has a wet bar, fireplace and a large south facing terrace with views over the pool, palm trees and the mountains beyond. The primary bedroom is upstairs with far reaching views along with a second bedroom with another terrace and a large fully remodeled bathroom. This unit has the best location within the resort-like complex! Secure subterranean parking for one car plus plenty of guest parking. 30 day minimum rentals. HOA is $581/month. Land lease is $211/month (until 2064).
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1981
- Lot Size
- 1,500 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $581.0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Cahuilla Elementary School
Grades K-5 • 0.8 mi
Raymond Cree Middle School
Grades 6-8 • 1.7 mi
Desert Learning Academy
Grades K-12 • 0.9 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 | 1,082 | 1,060 | 52% |
| Lot Size | 1,500 | 576.5 | 79% |
| Price | $354.9K | $331.0K | 55% |
| Price per sq ft | $328 | $341 | 43% |
| Built year | 1981 | 1982 | 45% |
| HOA | $581.0 | $532 | 68% |
| Days on market | 44 | 173 | 2% |
Pricing History
Listed for Sale
Mar 3, 2026
$354,900
$359,000
-1% Price Drop
Initial Listing
Price Change
Jan 22, 2026
$359,000
Initial Listing