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2875 N Los Felices Road 116, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 1 bath

2875 N Los Felices Road 116, Palm Springs, California 92262 home-pic-0
ACTIVE$200,000
2875 N Los Felices Road 116, Palm Springs, California 92262
1Bed
1Bath
589Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location: Located moments from downtown Palm Springs and across from the Aerial Tramway, offering convenient access to attractions.
Top Cons:
No Short-Term Rentals: Short-term vacation rentals (STVR) are not permitted, limiting potential rental income opportunities.

Compared to the nearby listings

Price:$200.0K vs avg $337.0K ($-137,000)19%
Size:589 sqft vs avg 1,068 sqft22%
Price/sqft:$340 vs avg $34648%

More Insights

Built in 1981 (44 years old).
Condition: The listing mentions an updated kitchen and bathroom, newer flooring, and fresh paint. The images confirm these updates. While the appliances in the kitchen appear to be older models, the overall condition seems well-maintained and move-in ready. The property was built in 1981, but the updates suggest it falls into the 'good' category.
Year Built
1981
Close
-
List price
$200K
Original List price
$200K
Price/Sqft
$340
HOA
$550
Days on market
-
Sold On
-
MLS number
25514433PS
Home ConditionGood
Features
Pool
Spa
View-

About this home

Palm Springs Villas I. Ideally located just moments from downtown Palm Springs and across from the iconic Aerial Tramway, this beautifully updated retreat offers a stylish living space with an updated kitchen and bathroom, newer flooring, and fresh paint throughout. The end-unit location provides extra privacy, while being just steps from pools, parking, and tennis courts for easy access to resort-style amenities.Enjoy 5 sparkling heated pools, hot tubs, and 4 tennis courts, along with lush, pet-friendly green spaces. The HOA is $550 per month, covering water, sewer, trash, and hot water. You own the landno land lease! HOA regulations allow 30-day minimum rentals, but short-term vacation rentals (STVR) are not permitted. With easy access to HWY 111 and just a short drive to downtown restaurants, shopping, and entertainment, this is an incredible opportunity to own a piece of paradise in Palm Springs. Schedule your viewing today!

Nearby schools

6/10
Vista Del Monte Elementary School
Public,•K-5•0.9mi
7/10
Katherine Finchy Elementary School
Public,•K-5•1.8mi
4/10
Cahuilla Elementary School
Public,•K-5•3.6mi
4/10
Raymond Cree Middle School
Public,•6-8•1.5mi
6/10
Palm Springs High School
Public,•9-12•3.5mi
4/10
Desert Learning Academy
Public,•K-12•3.6mi
Condition Rating
Good
The listing mentions an updated kitchen and bathroom, newer flooring, and fresh paint. The images confirm these updates. While the appliances in the kitchen appear to be older models, the overall condition seems well-maintained and move-in ready. The property was built in 1981, but the updates suggest it falls into the 'good' category.
Pros & Cons

Pros

Prime Location: Located moments from downtown Palm Springs and across from the Aerial Tramway, offering convenient access to attractions.
Updated Interior: Features an updated kitchen and bathroom, newer flooring, and fresh paint throughout, providing a move-in ready experience.
Resort-Style Amenities: Access to 5 heated pools, hot tubs, and 4 tennis courts, offering a resort-like lifestyle.
HOA Benefits: HOA covers water, sewer, trash, and hot water, simplifying monthly expenses.
Fee Simple Ownership: You own the land, providing greater control and investment security compared to leasehold properties.

Cons

No Short-Term Rentals: Short-term vacation rentals (STVR) are not permitted, limiting potential rental income opportunities.
HOA Restrictions: HOA regulations allow only 30-day minimum rentals, which might not suit all investors.
Limited Size: The unit is 589 sqft, which may be small for some buyers.

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