2860 N Los Felices Road 101, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 1 bath
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Palm Springs, California 92262
This Turnkey Condominium presents a Prime Investment Opportunity, listed at $180,000—positioned well below the $185,550 Fair Market Value by 2%. This valuation gap offers $5,550 in Instant Equity for the buyer. Featuring a Mint Condition Rating, this ground-floor end unit includes modern vinyl plank flooring, a remodeled bathroom, and a private patio with Park/Greenbelt Views. With access to resort-style pools and spas, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready Palm Springs lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2860 N Los Felices Road 101 Subject | $180,000* List Price | 1 | 1 | 589 | $322 | - |
A 2857 N Los Felices Road 115 Sold | $214,500 | 1 | 1 | 589 | $364 | 0.0 mi |
B 2821 N Los Felices Circle 107 Sold | $178,750 | 1 | 1 | 589 | $303 | 0.0 mi |
C 2821 N Los Felices Circle 104 Sold | $205,000 | 1 | 1 | 589 | $348 | 0.0 mi |
D 550 N Villa Court 116 Sold | $187,000 | 1 | 1 | 589 | $317 | 0.1 mi |
E 470 N Villa Court 208 Sold | $180,500 | 1 | 1 | 589 | $306 | 0.2 mi |
F 2857 N Los Felices Road 210 Sold | $225,000 | 1 | 1 | 589 | $382 | 0.1 mi |
G 2820 N Arcadia Court 116 Sold | $180,000 | 1 | 1 | 589 | $306 | 0.1 mi |
H 2825 N Los Felices Road 211 Sold | $195,000 | 1 | 1 | 589 | $331 | 0.1 mi |
I 2875 N Los Felices Road 101 Active | $215,000 List Price | 1 | 1 | 589 | $365 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1981, the property has undergone a recent comprehensive renovation (likely within <5 years) featuring vinyl plank flooring, smooth ceilings, upgraded countertops, and a fully remodeled bathroom, placing it in mint, move-in ready condition.
This ground-floor unit is move-in ready, featuring modern updates such as vinyl plank flooring, smooth ceilings, and a remodeled bathroom, minimizing immediate capital expenditure for a buyer.
As an end unit on the ground floor, the property offers enhanced privacy, easier accessibility, and a seamless indoor-outdoor flow to the private patio and greenbelt views.
Located in Palm Springs Villas I, residents benefit from extensive community features including professionally manicured grounds, multiple pools, spas, and tennis courts.
The monthly association fee of $550 is relatively high compared to the $180,000 listing price, which may impact the overall affordability and investment yield for some buyers.
At just 589 square feet, the limited interior footprint may be a constraint for full-time residents or those requiring additional storage and room for entertaining.
Light and bright updated ground-floor end unit. Ideally situated in Palm Springs Villas I community -- this condo is move-in ready and ideal as a full-time residence, or resort property. Step inside to a bright, inviting interior featuring newer paint, upgraded countertops, & clean finished cabinets with bright white appliances. Plus remodeled bathroom with refinished tub/shower, crisp modern finished vanity/counter-top and glass linen closet cabinetry. Living area is enhanced by smooth finish ceilings, vinyl plank flooring & custom draperies, offering privacy and a clean, modern look. The layout flows easily to the private patio, creating a seamless indoor-outdoor experience that Palm Springs living is known for. Beautifully manicured grounds, pools, spas, tennis courts, and convenient access to downtown, shopping, dining, and the iconic Palm Springs lifestyle.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.8 mi
Grades K-5 • 3.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 589 | 1,199 |
| Lot Size | - | 1,742 |
| Price | $180.0K | $445.8K |
| Price per sq ft | $306 | $351 |
| Built year | 1981 | 1980 |
| HOA | $550.0 | $587 |
| Days on market | 47 | 67 |
Jun 5, 2026
$180,000
Initial Listing
May 5, 2016
$67,000
Public Record
Nov 19, 2004
$130,500
Public Record
May 21, 2004
$115,000
Public Record
Dec 6, 1999
$26,000
Public Record