3045 N Cerritos Road, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
3045 N Cerritos Road
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 3045 N Cerritos Road, Palm Springs, California 92262 reveals a Fairly Priced Property with a current list price of $595,000 aligned with the estimated $595,000 Fair Market Value. This represents a stable investment opportunity at market rate. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3045 N Cerritos Road Subject | $595,000* List Price | 2 | 2 | 1,649 | $361 | - |
A 2173 N Viminal Road Sold | $705,000 | 3 | 2 | 1,700 | $415 | 0.7 mi |
B 1862 N Nogales Way Sold | $743,000 | 3 | 2 | 1,620 | $459 | 0.9 mi |
C 1501 Olga Way Sold | $720,000 | 4 | 2 | 1,717 | $419 | 0.7 mi |
D 2757 E San Juan Road Sold | $733,000 | 3 | 3 | 1,655 | $443 | 1.0 mi |
E 2910 N Bahada Road Sold | $699,000 | 3 | 2 | 1,587 | $440 | 0.2 mi |
F 2911 N Cypress Road Active | $535,000 List Price | 3 | 2 | 1,584 | $338 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1978, this property has undergone an extensive, high-quality renovation by renowned designers, making it feel virtually new. The kitchen features expansive custom cabinetry, high-end stainless steel appliances (including double wall ovens and a large side-by-side refrigerator), a gas cooktop, and modern dark countertops. The primary bathroom is luxurious with a freestanding jacuzzi tub, a low-entry, floor-to-ceiling tiled shower with a rain head, and a modern double vanity. The second bathroom also boasts contemporary fixtures and cabinetry. Throughout the home, there is modern tiled flooring, recessed lighting, and updated fixtures, reflecting a comprehensive and recent overhaul. The listing also highlights major system upgrades like copper plumbing and a lifetime roof, indicating minimal deferred maintenance and meeting current quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10018, living area = 1649.
- Custom Design & High-Quality Construction
Designed by renowned award winners Alice Tipton and Paul Kaufman, this 'one of a kind' home boasts top-quality construction, including copper plumbing, a lifetime roof, and custom woodworking throughout.
- ADU Potential & Flexible Space
A bonus room with a separate entrance and existing plumbing offers significant potential for conversion into an Accessory Dwelling Unit (ADU) or a third bedroom, adding value and versatility.
CONSRISKS & DEFICIENCIES
- Significant Price Reductions & Financial Urgency
The property has undergone substantial price reductions from an original list price of $799,000 to $595,000, coupled with phrases like 'bank wants an offer' and 'Reverse Mortgage payoff,' indicating a highly motivated seller and potential distress sale.
- Older Construction Year
Built in 1978, the home is over 45 years old. While quality construction is noted, some buyers may perceive the age as a potential concern for aging systems or a preference for newer builds, despite specific upgrades mentioned.
- Limited Current Bedroom Count
The home currently offers only two bedrooms, with one converted to an office. While there is ADU potential, buyers specifically seeking a three or more bedroom home immediately may find this restrictive, requiring additional investment to expand.
About 3045 N Cerritos Road
Final price reduction, bank wants an offer!! Reverse Mortgage payoff .... Two of Palm Springs renowned award winners Alice Tipton (Interior design) and Paul Kaufman (craftsman and designer) put their spin on this 1700 square foot (approximately) home and it is ''ONE OF A KIND''!!!! This home boasts an open floor plan from entry foyer to great room and expansive custom kitchen. The primary suite and master bath are second to none with a jacuzzi tub and low entry floor to ceiling tile shower. The second bedroom has become an office space for the work from home couple. The bonus room (behind garage) has a separate entrance and could become an ADU (3rd bedroom) with the addition of a bathroom where plumbing is already in place and separate entrance. Two car garage with separate doors and openers, room for RV if so desired on either side of home. This large lot has room for a pool, spool, or a private in ground jacuzzi. The construction is top quality from copper plumbing to a lifetime roof, custom woodworking, and so much more. NO HOA , NO Land Lease! EZ to show, don't miss out on this one!!! Agents please see private remarks.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1978
- Lot Size
- 10,018 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Vista Del Monte Elementary School
Grades K-5 • 1.0 mi
Katherine Finchy Elementary School
Grades K-5 • 1.7 mi
Raymond Cree Middle School
Grades 6-8 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 6% |
| Baths | 2.0 | 3.0 | 45% |
| Square foot | 1,649 | 1,964 | 32% |
| Lot Size | 10,018 | 9,583 | 56% |
| Price | $595.0K | $895.0K | 13% |
| Price per sq ft | $361 | $477 | 25% |
| Built year | 1978 | 1989 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 696 | 179 | 0% |
Pricing History
Listed for Sale
Jan 7, 2026
$595,000
$599,000
-1% Price Drop
Initial Listing
Price Change
Sep 18, 2025
$599,000
Initial Listing
Price Change
Apr 10, 2024
$799,000
Initial Listing