353 N Hermosa Dr, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 1 bath
353 N Hermosa Dr
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 353 N Hermosa Dr, Palm Springs, California 92262 is currently available with a list price of $229,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features a remodeled kitchen with custom cabinetry, marble countertops, and stainless steel appliances. The bathroom has been upgraded with a travertine shower and modern fixtures. While the building dates to 1984, the interior updates and well-maintained tile flooring throughout make it a turnkey unit.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated just minutes from Downtown Palm Springs, the property offers exceptional access to premier dining, shopping, and the convention center.
- Turnkey Upgrades
The unit features a fully remodeled kitchen with marble countertops and stainless steel appliances, along with a modernized bathroom featuring travertine flooring.
- Low Carrying Costs
With an HOA fee of $340, this property boasts one of the lowest association costs in the Palm Springs area, maximizing net ROI for investors.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 633, other record living area = 849. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
- Limited Living Space
At only 633 square feet, the compact size of this one-bedroom unit may limit its appeal to long-term tenants or buyers with significant storage needs.
- Rental Restrictions
The HOA mandates a 30-day minimum rental period, which precludes high-turnover short-term vacation rental strategies common in resort markets.
About 353 N Hermosa Dr
***Prime investment opportunity in a high-demand area with proven rental demand. Highly attractive to long term renters.*** The Palm Springs dining and entertainment lifestyle is just minutes away from your new home in the private Casa Verde community. It's conveniently located near Downtown Palm Springs' nearby restaurants, shops, and the convention center. This lower-level unit showcases many upgrades, making it Turnkey and move-in ready. It offers a large, earth tone colored Tile Flooring, and a Remodeled Kitchen with Custom Cabinetry, Marble Countertops, and Stainless Steel Appliances throughout. The Bathroom showcases an upgraded Sink, and Mirrors, and the Shower includes a rolling glass door, Custom Soap Box, and a Travertine shower floor. This property is truly a gem with convenience of location at its best. So come enjoy all the Downtown Palm Springs community has to offer, along with a putting green, plus 2 resort style pools and spas. This home comes with one of, if not, the lowest HOA in the Palm Springs area. The minimum rental period in this community is 30 Days per HOA rules. Potential rental income is $2,500 to $2,900 a month.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1984
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $340.0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Katherine Finchy Elementary School
Grades K-5 • 0.8 mi
Raymond Cree Middle School
Grades 6-8 • 1.2 mi
Palm Springs High School
Grades 9-12 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 41% |
| Baths | 1.0 | 2.0 | 40% |
| Square foot | 633 | 1,051 | 26% |
| Lot Size | - | 500 | 45% |
| Price | $229.0K | $330.0K | 24% |
| Price per sq ft | $362 | $344 | 58% |
| Built year | 1984 | 1982 | 64% |
| HOA | $340.0 | $532 | 6% |
| Days on market | 34 | 173 | 1% |
Pricing History
Listed for Sale
Feb 1, 2026
$229,000
Initial Listing