400 N Avenida Caballeros 11, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 1 bath
Loading property details...
Palm Springs, California 92262
This Short-Term Rental Asset is listed at $475,000, carrying a premium over the $400,149 Fair Market Value due to its rare, transferable City of Palm Springs rental permit. The unit holds a Fair Condition Rating, featuring 20' ceilings, a private in-ground spa, and mountain views of the San Jacintos. Located in the Palm Springs Unified district near Katherine Finchy Elementary School (Rating 7), the property offers high walkability to downtown. This is a strategic acquisition for Buy-and-Hold Investors or Seasonal Residents seeking a proven income-generating asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 400 N Avenida Caballeros 11 Subject | $475,000* List Price | 1 | 1 | 954 | $419 | - |
A 500 E Amado Road 519 Sold | $472,500 | 2 | 2 | 1,003 | $471 | 0.2 mi |
B 291 E Mel Avenue 362 Sold | $370,000 | 2 | 2 | 902 | $410 | 1.0 mi |
C 1115 E Alejo Road Sold | $475,000 | 2 | 2 | 1,221 | $389 | 0.2 mi |
D 1293 Tiffany Circle N Sold | $545,500 | 2 | 1 | 1,260 | $433 | 0.7 mi |
E 1294 Tiffany Circle N Sold | $599,000 | 2 | 2 | 1,251 | $479 | 0.6 mi |
F 222 N Calle El Segundo 543 Active Under Contract | $375,000 List Price | 2 | 2 | 944 | $397 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1983, this property is well-maintained and move-in ready but shows significant signs of its age. The kitchen features older white appliances and dated cabinetry rather than modern stainless steel and custom finishes. While the bathroom has been partially updated with a stone countertop, the overall architectural style, fixtures, and flooring reflect a home that has been kept up through regular maintenance rather than a recent comprehensive renovation. It fits the 'fair' category as a functional, aged property with mostly original or older updated components.
The property has a successful track record as a short-term rental and includes a coveted City of Palm Springs rental permit, offering immediate income potential for investors.
Unlike many standard condos, this unit features a private courtyard with an in-ground spa and stunning views of Mt San Gorgonio, providing a secluded resort-like experience.
Situated near the convention center and within walking distance to downtown shops and restaurants, the property offers the ideal balance of convenience and central Palm Springs living.
The one-bedroom, one-bathroom layout may limit the property's appeal to larger families or buyers seeking a dedicated home office or guest room.
Its location between the airport and downtown may result in occasional aircraft noise, which could be a drawback for buyers seeking absolute quiet.
This one bedroom, one bath gem near the convention center is a portal to perfect Palm Springs living. It is close enough to walk to all the shops and restaurants downtown, yet the private courtyard makes it feel a world away. The living area, with 20' ceilings, is filled with light from the large window wall. The kitchen is well designed with gas cook-top, oven, and microwave. The adjacent dining area looks out to the private garden. Upstairs is the bedroom with a large walk in closet and a second closet which conveniently houses the washer and dryer. The bath area offers a stone countertop with ample space and a window that looks North with great views of Mt San Gorgonio and the San Jacintos. Outdoors, the patio has a private in ground spa for the ultimate in relaxation. The patio offers plenty of space for a comfortable seating area to relax in the sun (or under the umbrella) and enjoy each others company or drift away for an afternoon nap. This unit is in a fabulous gated complex and comes with a dedicated covered parking space. It is perfectly located between the airport and downtown with easy access to shopping, dining, golf and so much more. This unit has operated as a successful rental getaway for short term or seasonal rentals with a City of Palm Springs rental permit.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.2 mi
Grades K-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 35% |
| Baths | 1.0 | 2.0 | 34% |
| Square foot | 954 | 1,122.5 | 40% |
| Lot Size | 1,100 | 500 | 68% |
| Price | $475.0K | $361.0K | 67% |
| Price per sq ft | $498 | $347 | 91% |
| Built year | 1983 | 1981 | 61% |
| HOA | $391.92 | $550 | 9% |
| Days on market | 67 | 182 | 8% |
Feb 15, 2026
$475,000
Initial Listing