3180 E Vista Chino, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
ACTIVE$830,000
3180 E Vista Chino, Palm Springs, California 92262
3Beds
2Baths
1,538Sqft
10,019Lot
Price Vs. Estimate
The estimated value ($534,097.515) is $295,902.485 (35%) lower than the list price ($830,000). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 10019, living area = 1538.
Top Cons:
Significant Price Discrepancy: The list price of $830,000 is substantially higher than the estimated property value of $534,097, indicating a significant premium for the RCFE business that may not align with traditional real estate valuation.
Compared to the nearby listings
Price:$830.0K vs avg $925.0K ($-95,000)38%
Size:1,538 sqft vs avg 2,096 sqft24%
Price/sqft:$540 vs avg $49159%
More Insights
Built in 1990 (35 years old).
Condition: The property was built in 1990, making it 34 years old. While the description highlights 'well-maintained' and 'meticulous upkeep' due to its operation as a Residential Care Facility for the Elderly, there are no interior images or specific details about recent renovations to the kitchen or bathrooms. Without such information, it's reasonable to assume that these key areas, while functional and clean to meet RCFE standards, likely retain their original or older styles and features, appearing outdated compared to current trends. The exterior appears well-kept, and solar panels are a positive addition, but the lack of interior updates places it in the 'Fair' category, indicating it's aged but maintained, with major components functional but showing signs of being outdated.
Year Built
1990
Close
-
List price
$830K
Original List price
$830K
Price/Sqft
$540
HOA
-
Days on market
-
Sold On
-
MLS number
OC25111247
Home ConditionFair
Features
View-
About this home
This well-maintained property has successfully operated as a Residential Care Facility for the Elderly (RCFE) for over a decade. Licensed to accommodate up to six residents, the facility includes a waiver for 6 bedridden resident and supports up to 6 hospice patients. Additionally, it holds a dementia care waiver, enabling specialized attention for residents with memory care needs. The facility's meticulous upkeep underscores its dedication to excellence in resident care and satisfaction. This property presents an excellent opportunity for investors interested in the senior care industry or for seasoned operators looking to expand. Buyers have the option to purchase this facility individually or as part of a package with three additional facilities on the same street
Nearby schools
7/10
Katherine Finchy Elementary School
Public,•K-5•1.7mi
6/10
Vista Del Monte Elementary School
Public,•K-5•1.8mi
4/10
Raymond Cree Middle School
Public,•6-8•1.4mi
6/10
Palm Springs High School
Public,•9-12•1.8mi
4/10
Desert Learning Academy
Public,•K-12•2.1mi
6/10
Cathedral City High School
Public,•9-12•4.5mi
Condition Rating
Fair
The property was built in 1990, making it 34 years old. While the description highlights 'well-maintained' and 'meticulous upkeep' due to its operation as a Residential Care Facility for the Elderly, there are no interior images or specific details about recent renovations to the kitchen or bathrooms. Without such information, it's reasonable to assume that these key areas, while functional and clean to meet RCFE standards, likely retain their original or older styles and features, appearing outdated compared to current trends. The exterior appears well-kept, and solar panels are a positive addition, but the lack of interior updates places it in the 'Fair' category, indicating it's aged but maintained, with major components functional but showing signs of being outdated.
Pros & Cons
Pros
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 = 10019, living area = 1538.
Established & Licensed RCFE: The property has successfully operated as a Residential Care Facility for the Elderly (RCFE) for over a decade, with comprehensive licensing for up to six residents, including bedridden and hospice patients.
Specialized Dementia Care: It holds a valuable dementia care waiver, enabling specialized attention for residents with memory care needs, tapping into a high-demand niche market.
Meticulous Upkeep: The facility's meticulous upkeep indicates a well-maintained property, suggesting reduced immediate maintenance and operational concerns for a new owner.
Strong Investment Opportunity: This property offers an excellent investment opportunity for those in the senior care industry or for operators looking to expand their portfolio.
Scalability & Package Potential: Buyers have the option to purchase this facility individually or as part of a package with three additional facilities on the same street, offering significant expansion potential.
Cons
Significant Price Discrepancy: The list price of $830,000 is substantially higher than the estimated property value of $534,097, indicating a significant premium for the RCFE business that may not align with traditional real estate valuation.
Niche Market Limitation: Its specialized use as an RCFE limits the potential buyer pool to investors or operators specifically within the senior care industry, potentially prolonging market time.
Lack of Standard Residential Amenities: The description focuses on RCFE functionality and does not mention typical residential amenities (e.g., pool, updated kitchen/baths for non-RCFE use) common in Palm Springs, which could impact its appeal or value if considered for conversion.