2974 E Avery, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath
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Palm Springs, California 92264
This property presents a High-Potential Investment Opportunity with a List Price of $875,000—positioned well above the $858,006 Fair Market Value by 2%. While priced slightly above market, the home’s Fair Condition Rating and 10,454 sq ft lot offer significant upside for forced appreciation through modernization. Featuring a private pool and desert views, this residence serves as a prime canvas for value-add renovations. Located in the Palm Springs Unified district, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build equity in a premier location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2974 E Avery Subject | $875,000* List Price | 2 | 2 | 1,560 | $550 | - |
A 1518 S La Brea Road Sold | $850,000 | 3 | 2 | 1,560 | $545 | 0.1 mi |
B 648 S Roxbury Drive Sold | $875,000 | 4 | 3 | 1,670 | $524 | 0.7 mi |
C 1274 S Beverly Drive Sold | $1,050,000 | 3 | 3 | 2,045 | $513 | 0.2 mi |
D 694 S Canon Drive Sold | $751,500 | 3 | 2 | 1,170 | $642 | 0.7 mi |
E 925 S Nueva Vista Drive Sold | $650,000 | 3 | 2 | 1,328 | $489 | 0.8 mi |
F 3174 E Cajon Circle Active | $635,000 List Price | 3 | 2 | 1,532 | $414 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1965, the property is significantly dated with features like blue carpeting, popcorn ceilings, and an older kitchen layout. While the listing describes it as well-maintained, the age of the home (>50 years) and the explicit mention of needing 'personal touches' and 'updates' indicate that systems and interiors are likely past their functional lifespan, requiring modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10454, living area = 1560.
The property sits on a generous lot of over 10,000 square feet, featuring a private pool and an Arizona patio designed for quintessential Palm Springs entertaining.
Located in the highly desirable South End of Palm Springs, this home offers a prestigious address in a well-maintained neighborhood with scenic desert views.
The listing indicates the home is ready for 'personal touches' and updates, implying that the interior finishes are likely dated and require additional capital investment.
At a price point of $875,000, the two-bedroom configuration may limit the property's appeal to smaller households or investors compared to three-bedroom alternatives.
Welcome to 2974 Avery Drive, nestled in a desirable Palm Springs neighborhood. This charming single-story home offers 1,560 square feet of comfortable living space, featuring 2 spacious bedrooms and 2 bathrooms. Lovingly maintained over the years, this property presents the perfect opportunity for a new owner to update, customize, and make it their own. Situated on an expansive 10,000+ square foot lot, the backyard is designed for enjoying the Palm Springs lifestyle. Relax under the Arizona-style covered patio while overlooking the sparkling pool—an ideal setting for entertaining guests or cooling off during warm summer days. With its great location, generous lot size, and endless potential, this is a home you truly must see in person to appreciate.
No exterior & parking available.
Grades K-5 • 1.5 mi
Grades 6-8 • 3.2 mi
Grades K-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,560 | 2,076 |
| Lot Size | 10,454 | 10,454 |
| Price | $875.0K | $1.04M |
| Price per sq ft | $561 | $525 |
| Built year | 1965 | 1977 |
| HOA | $0 | $332 |
| Days on market | 0 | 75 |
Jun 15, 2026
$875,000
Initial Listing