3 Karlisa, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 2 bath
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Palm Springs, California 92264
This Mid-Century Value-Add Asset represents a High-Potential Investment Opportunity with a List Price of $497,300—positioned well below the $591,479 Fair Market Value by 15%. This valuation gap provides $94,179 in Instant Equity for buyers ready to modernize this 1957 original. Featuring a Condition Rating of 4, the property offers a massive 9,583 Sqft Lot and stunning Mountain Views in a private cul-de-sac. Located near Palm Springs High School and Demuth Park, this is a prime acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3 Karlisa Subject | $497,300* List Price | 3 | 2 | 1,518 | $390 | - |
A 3962 E Camino Parocela Sold | $462,000 | 3 | 2 | 1,365 | $338 | 0.3 mi |
B 4325 E Calle De Carlos Sold | $450,000 | 3 | 2 | 1,198 | $376 | 0.3 mi |
C 620 S El Cielo Road Sold | $409,000 | 2 | 2 | 1,191 | $343 | 0.6 mi |
D 4080 E Calle San Antonio Sold | $450,000 | 3 | 2 | 1,464 | $307 | 0.1 mi |
E 3933 E Calle San Antonio Active Under Contract | $519,000 List Price | 4 | 2 | 1,433 | $362 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1957 original-owner home is a well-maintained 'time capsule' that appears livable but is significantly outdated. The kitchen features aged tile countertops, fluorescent lighting, and older appliances, while the bathrooms are basic with pedestal sinks and dated tiling. The use of wall-mounted AC units and a wood-burning stove indicates that major systems likely require modernization to meet current standards. While the property shows evidence of regular upkeep and a clean interior, it requires a full-scale renovation to update its aesthetics and functional components.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9583, living area = 1518.
Situated on a spacious 9,583-square-foot lot within a private cul-de-sac, providing ample outdoor space and enhanced privacy for potential expansion or a pool.
Ideally located within walking distance to Demuth Park's recreational facilities and just minutes from the vibrant dining, shopping, and entertainment of downtown Palm Springs.
As an original 1957 one-owner home, the property requires a full-scale modernization and 'imagination design' to update its systems and aesthetics to current market standards.
The close proximity to the Palm Springs International Airport may result in frequent aircraft noise, which could impact the tranquility of the residential experience.
'Location, Views and Charm' all within the quaint surroundings of your own private cul-de-sac. This 1957 original One Owner Home is nicely Palm Springs centrally located. This home is ready for your imagination design to make it your constant dream getaway destination or your permanent residence, that offers a plus size lot over 9500 square feet. Enjoy the short walk or bicycle ride to the popular Demuth Park with its tennis/pickleball courts, baseball/soccer fields and much more. You are minutes away from the Downtown Palm Springs activities, restaurants, shopping and the newly remodeled 1936 Plaza Theater. And for you frequent travelers, you will be pleased to know the Palm Springs International Airport is a convenient drive away.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades K-5 • 2.2 mi
Grades 6-8 • 3.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 25% |
| Square foot | 1,518 | 2,266 | 13% |
| Lot Size | 9,583 | 10,019 | 43% |
| Price | $497.3K | $1.34M | 5% |
| Price per sq ft | $328 | $608 | 2% |
| Built year | 1957 | 1976 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 158 | 1% |
Apr 17, 2026
$497,300
Initial Listing