365 W Mariscal Road, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
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Palm Springs, California 92262
This two-story condo presents a High-Potential Investment Opportunity with a List Price of $299,500—positioned well below the $288,526 Fair Market Value by -3%. Featuring Fee Land ownership and a Fair Condition Rating, the property includes a new HVAC system and water heater. While the interior requires modernization, the private garage and community amenities like pools and spas offer strong rental appeal. This asset is ideal for Buy-and-Hold Investors or first-time buyers seeking a value-add property in Palm Springs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 365 W Mariscal Road Subject | $299,500* List Price | 2 | 2 | 1,088 | $265 | - |
A 2023 N Via Miraleste Unit # 1018 1018 Sold | $300,000 | 2 | 2 | 1,183 | $254 | 0.5 mi |
B 2054 N Mira Vista Way Sold | $312,000 | 2 | 2 | 1,088 | $287 | 0.1 mi |
C 1865 N Via Miraleste 1822 Sold | $332,000 | 2 | 2 | 1,034 | $321 | 0.5 mi |
D 200 E Racquet Club Road 69 Sold | $260,000 | 2 | 1 | 1,211 | $215 | 0.5 mi |
E 200 E Racquet Club Rd 69 Sold | $260,000 | 2 | 1 | 1,211 | $215 | 0.5 mi |
F 2036 N Mira Vista Active | $375,000 List Price | 3 | 2 | 1,116 | $336 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is 44 years old (built 1980) and features a highly dated kitchen and interior finishes that require modernization. While the age technically exceeds the 30-year threshold for 'poor,' the inclusion of a brand-new HVAC system and water heater, combined with its functional and clean condition, aligns it better with the 'fair' category as it is move-in ready but needs cosmetic updates.
A significant advantage in the Palm Springs market, this property is located on Fee Land, meaning you own the land outright with no monthly lease payments or expiration concerns.
The condo comes equipped with a newly installed HVAC system and a new water heater, providing immediate value and reducing the risk of major near-term maintenance expenses.
Situated in the desirable Little Tuscany area near downtown, the unit includes a rare private garage and access to extensive community features like pools, spas, and sport courts.
The property is noted as needing 'personal vision and updates,' suggesting that the interior finishes are likely dated and will require a secondary budget for modernization.
The monthly association fee of $545 is relatively high for this price point, which may impact the debt-to-income ratio for some buyers or reduce net cash flow for investors.
Experience the best of affordable desert living in this two-story condo nestled in the Little Tuscany neighborhood of Palm Springs. Offering the perfect blend of comfort, style and convenience with a covered private patio, generous bedrooms, interior laundry room and a private garage. Located in the Casa de Oro community with meticulously maintained grounds, pools, spas, clubhouse and sport courts. All just minutes from vibrant downtown Palm Springs with casino, world class dining and shopping. It's ideal as a full-time residence, vacation retreat, or a great investment opportunity. With newly installed HVAC system and new water heater, it only needs your personal vision and updates to transform it into its full potential. And it's on fee land with no land lease!
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades 6-8 • 0.8 mi
Grades 9-12 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,088 | 1,131 | 47% |
| Lot Size | - | 436 | 45% |
| Price | $299.5K | $360.0K | 38% |
| Price per sq ft | $275 | $345 | 21% |
| Built year | 1980 | 1981 | 40% |
| HOA | $545.0 | $550 | 42% |
| Days on market | 27 | 159 | 1% |
May 10, 2026
$299,500
Initial Listing