343 W Avenida Cerca, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath

343 W Avenida Cerca, Palm Springs, California 92262 home-pic-0
ACTIVE$550,000
343 W Avenida Cerca, Palm Springs, California 92262
3Beds
2Baths
1,158Sqft
8,276Lot
Year Built
1962
Close
-
List price
$550K
Original List price
$550K
Price/Sqft
$475
HOA
-
Days on market
-
Sold On
-
MLS number
25602539PS
Home ConditionFair
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 5% below the list price. We found 3 Cons,6 Pros. Rank: price - $550.0K(10th), sqft - 1158(2th), beds - 3(50th), baths - 2(41th).

Excellent opportunity to own a stabilized, well-performing investment property in Palm Springs' Desert Highland Estates. This single-family home features 3 bedrooms and 2 bathrooms, with additional living areas offering flexible use (buyer to verify permits). The property has a solid rental history with long-term tenants and consistent income, making it ideal for investors seeking a performing asset with rental returns from day one. Centrally located near downtown Palm Springs, shopping, and major commuter routes. A great chance to acquire a well-performing property in a high-demand rental market.

Nearby schools

7/10
Katherine Finchy Elementary School
Public,K-51.9mi
4/10
Cahuilla Elementary School
Public,K-53.9mi
4/10
Raymond Cree Middle School
Public,6-81.5mi
6/10
Palm Springs High School
Public,9-123.5mi
4/10
Desert Learning Academy
Public,K-123.7mi

Price History

Date
Event
Price
10/30/25
Listing
$550,000
Condition Rating
Fair

Built in 1962, this property has received notable updates including wood-look tile flooring, recessed lighting, ceiling fans, mini-split AC units, and a modernized bathroom with a vessel sink and updated vanity. However, the kitchen features an unconventional large wooden island with limited traditional cabinetry and an older refrigerator, preventing it from being considered fully modern. The 'additional living areas' requiring permit verification also suggest potential issues or non-professional work. While maintained and functional, the property's age and specific design choices, particularly in the kitchen, along with the permit caveat, align it with the 'Fair' category, indicating it's aged but maintained with functional components that show signs of being outdated or unconventional.
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 = 8276, living area = 1158.
Stabilized Investment Property: The property is explicitly described as a stabilized, well-performing investment, indicating a reliable asset for investors.
Solid Rental History & Income: Boasts a solid rental history with long-term tenants and consistent income, ensuring immediate cash flow for a new owner.
Immediate Rental Returns: Offers rental returns from day one, eliminating vacancy periods and providing instant profitability.
Prime Central Location: Centrally located near downtown Palm Springs, shopping, and major commuter routes, enhancing its appeal to tenants and potential for appreciation.
Mountain Views: The property features desirable mountain views, adding aesthetic value and contributing to its market attractiveness.

Cons

Permit Verification Required: Additional living areas require buyer verification of permits, which could indicate unpermitted work or potential future compliance issues and costs.
Age of Property: Built in 1962, the property may have older systems and components, potentially requiring significant maintenance or upgrades in the near future.
Smaller Square Footage: With 1158 sqft for 3 bedrooms and 2 bathrooms, the property offers relatively compact living spaces, which might limit its appeal to certain tenant demographics or impact future resale value compared to larger homes.

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