353 N Hermosa Drive 9c2, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
ACTIVE$430,000
353 N Hermosa Drive 9c2, Palm Springs, California 92262
2Beds
2Baths
849Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Rental Income Potential: The property is explicitly marketed as an income-producing investment with 30+ day rentals permitted and bookings already in place, offering immediate cash flow potential.
Top Cons:
Compact Square Footage: At 849 sqft for a 2-bedroom, 2-bathroom unit, the living space is relatively compact, which may limit appeal for some buyers or families requiring more room.
Compared to the nearby listings
Price:$430.0K vs avg $338.0K (+$92,000)66%
Size:849 sqft vs avg 1,068 sqft39%
Price/sqft:$506 vs avg $34891%
More Insights
Built in 1984 (41 years old).
Condition: Despite being built in 1984, the property has been 'fully updated' as stated in the description, and the images confirm extensive, modern renovations. The kitchen features contemporary gray shaker cabinets, white quartz countertops, a stylish textured backsplash, and modern stainless steel Frigidaire appliances. The bathrooms are equally impressive with modern vessel sinks, sleek vanities, updated lighting, and large walk-in showers with dark subway tiles and glass enclosures. Flooring, light fixtures, and overall decor are current and in excellent condition, indicating a recent and comprehensive renovation that meets current quality standards with no visible deferred maintenance.
Year Built
1984
Close
-
List price
$430K
Original List price
$450K
Price/Sqft
$506
HOA
$340
Days on market
-
Sold On
-
MLS number
219135189PS
Home ConditionExcellent
Features
Excellent View: Mountain(s)
Deck
Patio
ViewMountain(s)
About this home
Casa Verde -- Stylish, Updated Retreat with Stunning Views & Rental PotentialExperience the perfect blend of comfort, convenience, and cash flow in this fully updated home--move-in ready with no work needed. The primary suite features a walk-in closet and private balcony--ideal for savoring morning coffee or evening sunsets--while both bedrooms offer en suite baths. A dedicated in-unit laundry room adds everyday ease.Enjoy Casa Verde's gated community amenities, including two pools, two spas, tennis courts, a putting green, and covered parking, all surrounded by lush landscaping. Just blocks from the convention center, casino, dining, shopping, and nightlife, the location is as desirable as it is practical.With 30+ day rentals permitted and bookings already in place for next year (honorable or cancelable at the buyer's discretion), this home isn't just a stunning personal retreat--it's a smart, income-producing investment that's truly worth the price.
Nearby schools
7/10
Katherine Finchy Elementary School
Public,•K-5•0.7mi
4/10
Raymond Cree Middle School
Public,•6-8•1.2mi
6/10
Palm Springs High School
Public,•9-12•1.1mi
4/10
Desert Learning Academy
Public,•K-12•1.1mi
Condition Rating
Excellent
Despite being built in 1984, the property has been 'fully updated' as stated in the description, and the images confirm extensive, modern renovations. The kitchen features contemporary gray shaker cabinets, white quartz countertops, a stylish textured backsplash, and modern stainless steel Frigidaire appliances. The bathrooms are equally impressive with modern vessel sinks, sleek vanities, updated lighting, and large walk-in showers with dark subway tiles and glass enclosures. Flooring, light fixtures, and overall decor are current and in excellent condition, indicating a recent and comprehensive renovation that meets current quality standards with no visible deferred maintenance.
Pros & Cons
Pros
Rental Income Potential: The property is explicitly marketed as an income-producing investment with 30+ day rentals permitted and bookings already in place, offering immediate cash flow potential.
Prime Location: Situated just blocks from the convention center, casino, dining, shopping, and nightlife in Central Palm Springs, offering high desirability for both residents and renters.
Extensive Community Amenities: The gated Casa Verde community provides two pools, two spas, tennis courts, a putting green, and covered parking, enhancing lifestyle and property value.
Updated & Move-in Ready: Described as a 'fully updated home' with 'no work needed,' making it attractive to buyers seeking immediate occupancy without additional renovation costs.
Mountain Views & Private Balcony: Offers stunning mountain views and a private balcony off the primary suite, providing desirable outdoor space and scenic enjoyment.
Cons
Compact Square Footage: At 849 sqft for a 2-bedroom, 2-bathroom unit, the living space is relatively compact, which may limit appeal for some buyers or families requiring more room.
High Association Fee: A monthly association fee of $340.0 is significant for a unit of this size, adding a substantial recurring cost to ownership.
Price Reduction History: The property has undergone multiple price reductions from its original list price of $450,000 to the current $430,000, potentially indicating market resistance or initial overpricing.