343 W Avenida Cerca, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
343 W Avenida Cerca
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 343 W Avenida Cerca, Palm Springs, California 92262 reveals a property with a current list price of $550,000, which is 5% above the estimated $518,204 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 |
|---|---|---|---|---|---|---|
★ 343 W Avenida Cerca Subject | $550,000* List Price | 3 | 2 | 1,158 | $447 | - |
A 783 Mira Grande Sold | $575,000 | 2 | 2 | 1,206 | $477 | 0.5 mi |
B 2620 N Cardillo Avenue Sold | $575,000 | 3 | 2 | 1,400 | $411 | 0.8 mi |
C 3804 Mira Arena Sold | $667,500 | 3 | 2 | 1,411 | $473 | 0.9 mi |
D 360 W Bon Air Dr Active | $580,000 List Price | 3 | 2 | 1,170 | $496 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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it with the 'Fair' category, indicating it's aged but maintained with functional components that show signs of being outdated or unconventional.
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 = 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.
CONSRISKS & DEFICIENCIES
- 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.
About 343 W Avenida Cerca
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1962
- Lot Size
- 8,276 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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
Katherine Finchy Elementary School
Grades K-5 • 1.9 mi
Cahuilla Elementary School
Grades K-5 • 3.9 mi
Raymond Cree Middle School
Grades 6-8 • 1.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 45% |
| Square foot | 1,158 | 1,964 | 2% |
| Lot Size | 8,276 | 9,583 | 46% |
| Price | $550.0K | $895.0K | 9% |
| Price per sq ft | $475 | $477 | 49% |
| Built year | 1962 | 1989 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 128 | 179 | 24% |
Pricing History
Listed for Sale
Oct 30, 2025
$550,000
Initial Listing