400 N Sunrise Way 138, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 1 bath
ACTIVE$270,000
400 N Sunrise Way 138, Palm Springs, California 92262
1Bed
1Bath
850Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Central Location: The property is situated in central Palm Springs, offering very close proximity to downtown shops, restaurants, and entertainment, enhancing its desirability for residents and renters.
Top Cons:
Age of Building: Built in 1972, the property is over 50 years old, which may raise concerns about aging infrastructure or potential for future maintenance issues beyond standard HOA coverage.
Compared to the nearby listings
Price:$270.0K vs avg $337.0K ($-67,000)31%
Size:850 sqft vs avg 1,068 sqft40%
Price/sqft:$318 vs avg $34640%
More Insights
Built in 1972 (53 years old).
Condition: Despite being built in 1972, this condo has undergone a significant and modern renovation, making it move-in ready. The kitchen features contemporary white shaker cabinets, light-colored countertops, a subway tile backsplash, and stainless steel appliances. The bathroom is equally updated with a modern floating vanity, stylish fixtures, and subway tile in the shower. Consistent laminate/engineered wood flooring throughout and modern light fixtures contribute to a fresh aesthetic. While the building's age is a factor, the extensive interior updates align well with the 'Good' condition criteria, indicating a property extensively renovated within the last 5-15 years with no immediate renovation required.
Year Built
1972
Close
-
List price
$270K
Original List price
$270K
Price/Sqft
$318
HOA
$369
Days on market
-
Sold On
-
MLS number
219130209PS
Home ConditionGood
Features
Good View: Pool
Patio
ViewPool
About this home
A Perfect Palm Springs pied-a-terre, or investment property, or an entry level purchase into the valleys real estate market. This updated, furnished 1 bedroom condo is in central Palm Springs which means it is very close proximity to the shops, restaurants and entertainment of downtown. The gated complex is pleasingly landscaped, has 3 swimming pools and spas, a fitness room and a community room with a kitchen and BBQ. It's pet friendly, has assigned covered parking and the HOA covers water, gas, trash and exterior maintenance. It's on FEE land (no land lease) and has a 30 day minimum rental policy. Perhaps a better place to invest your $ vs the current stock market.Catalina Grove has been renamed ''American Gardens''.
Nearby schools
7/10
Katherine Finchy Elementary School
Public,•K-5•0.9mi
4/10
Raymond Cree Middle School
Public,•6-8•1.2mi
6/10
Palm Springs High School
Public,•9-12•0.9mi
4/10
Desert Learning Academy
Public,•K-12•1.0mi
Condition Rating
Good
Despite being built in 1972, this condo has undergone a significant and modern renovation, making it move-in ready. The kitchen features contemporary white shaker cabinets, light-colored countertops, a subway tile backsplash, and stainless steel appliances. The bathroom is equally updated with a modern floating vanity, stylish fixtures, and subway tile in the shower. Consistent laminate/engineered wood flooring throughout and modern light fixtures contribute to a fresh aesthetic. While the building's age is a factor, the extensive interior updates align well with the 'Good' condition criteria, indicating a property extensively renovated within the last 5-15 years with no immediate renovation required.
Pros & Cons
Pros
Prime Central Location: The property is situated in central Palm Springs, offering very close proximity to downtown shops, restaurants, and entertainment, enhancing its desirability for residents and renters.
Strong Investment Potential: Ideal as a pied-a-terre or investment property, benefiting from fee simple land ownership (no land lease) and a flexible 30-day minimum rental policy.
Extensive Community Amenities: The gated complex provides a wealth of amenities including 3 swimming pools and spas, a fitness room, a community room with a kitchen and BBQ, and assigned covered parking.
Inclusive HOA Dues: The HOA covers water, gas, trash, and exterior maintenance, simplifying ownership costs and providing peace of mind for residents.
Updated & Furnished Unit: The condo is updated and comes furnished, making it move-in ready for an owner or immediately rentable for an investor.
Cons
Age of Building: Built in 1972, the property is over 50 years old, which may raise concerns about aging infrastructure or potential for future maintenance issues beyond standard HOA coverage.
Compact Living Space: With 1 bedroom, 1 bathroom, and 850 sqft, the unit offers limited living space, which may not appeal to buyers seeking larger accommodations or those with families.
Monthly HOA Dues: Despite the inclusive services, the $369 monthly association fee represents a significant recurring cost that could be a deterrent for some potential buyers, especially relative to the unit's size.