343 W Avenida Cerca, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
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Palm Springs, California 92262
This Stabilized Investment Property represents a strategic $550,000 acquisition within the high-demand Palm Springs rental market. Positioned relative to a $474,911 Fair Market Value, this asset delivers immediate utility through a solid rental history and consistent income from long-term tenants. The home maintains a Fair Condition Rating and features desirable Mountain Views on an expansive 8,276 SqFt Lot. Located near Katherine Finchy Elementary, the property offers both stability and future value-add potential. This is a premier opportunity for Buy-and-Hold Investors or Owner-Occupants seeking a performing desert asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 343 W Avenida Cerca Subject | $550,000* List Price | 3 | 2 | 1,158 | $410 | - |
A 488 E Laurel Circle Sold | $698,000 | 3 | 2 | 1,225 | $570 | 0.7 mi |
B 3864 Mission Peak Sold | $499,000 | 3 | 2 | 1,411 | $354 | 0.4 mi |
C 647 Poppy Street Sold | $540,000 | 3 | 2 | 1,588 | $340 | 0.7 mi |
D 3982 Eastgate Road Active | $529,900 List Price | 3 | 2 | 1,440 | $368 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
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it with the 'Fair' category, indicating it's aged but maintained with functional components that show signs of being outdated or unconventional.
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.
The property is explicitly described as a stabilized, well-performing investment, indicating a reliable asset for investors.
Boasts a solid rental history with long-term tenants and consistent income, ensuring immediate cash flow for a new owner.
Additional living areas require buyer verification of permits, which could indicate unpermitted work or potential future compliance issues and costs.
Built in 1962, the property may have older systems and components, potentially requiring significant maintenance or upgrades in the near future.
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.
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.
No exterior & parking available.
Grades K-5 • 1.9 mi
Grades K-5 • 3.9 mi
Grades 6-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,158 | 1,909.5 | 3% |
| Lot Size | 8,276 | 9,583 | 43% |
| Price | $550.0K | $875.0K | 13% |
| Price per sq ft | $475 | $481 | 49% |
| Built year | 1962 | 1986 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 175 | 185 | 45% |
Oct 30, 2025
$550,000
Initial Listing