4385 E Paseo Caroleta, Palm Springs, California 92264, Palm Springs, 92264 - 4 bed, 2 bath
4385 E Paseo Caroleta
Palm Springs, California 92264
Property Price
SUMMARY
Analysis of 4385 E Paseo Caroleta, Palm Springs, California 92264 reveals a Fairly Priced Property with a current list price of $900,000 aligned with the estimated $899,038 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4385 E Paseo Caroleta Subject | $900,000* List Price | 4 | 2 | 1,592 | $565 | - |
A 901 S Calle Tomas Sold | $780,000 | 3 | 2 | 1,717 | $454 | 0.1 mi |
B 3784 E Calle San Raphael Sold | $800,000 | 4 | 2 | 1,362 | $587 | 0.4 mi |
C 888 S Calle Santa Cruz Sold | $805,000 | 3 | 3 | 1,317 | $611 | 0.1 mi |
D 957 S Paseo Dorotea Sold | $645,000 | 3 | 3 | 1,204 | $536 | 0.2 mi |
E 925 S Nueva Vista Drive Sold | $650,000 | 3 | 2 | 1,328 | $489 | 0.3 mi |
F 3991 E Calle San Raphael Active | $995,000 List Price | 4 | 3 | 1,580 | $630 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1960, this property has undergone an extensive recent renovation that brings it up to modern standards. The kitchen is fully modernized with quartz countertops and new cabinetry, and the home features new tile flooring throughout. Significant system upgrades include a newer HVAC system (approximately 2 years old) and a Tesla charger. The property is currently an active, well-maintained Airbnb, indicating that all components are in top condition with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1592.
- Turnkey Investment Potential
As an active, remodeled Airbnb with negotiable furnishings and a versatile fourth bedroom with private access, this property is perfectly positioned for immediate short-term rental income or a seamless transition for a second-home buyer.
- Modern Infrastructure & Upgrades
The home boasts significant recent improvements including a newer HVAC system (approx. 2 years old), a Tesla charger, and a fully remodeled open-concept kitchen with quartz countertops and stylish finishes.
CONSRISKS & DEFICIENCIES
- Leased Solar System
The solar system is leased rather than owned, which necessitates a lease assumption by the buyer and may impact debt-to-income ratios or complicate the escrow process.
- Location Noise Sensitivity
Situated in the Demuth Park neighborhood, the property is subject to potential noise from the nearby Palm Springs International Airport flight path and activity from the adjacent public sports fields.
About 4385 E Paseo Caroleta
This remodeled active Airbnb property is a beautifully decorated Mid-Century gated home located in the Southend Palm Springs neighborhood of Demuth Park. This fully fenced private compound with electric gate, has room for off-street parking of up to 6 vehicles. The light & bright open concept floorplan has been extensively remodeled with fresh exterior painting, new tile flooring throughout & includes a modern kitchen with quartz countertops and aqua subway tile backsplash for that tastefully added ''Pop of Color''. Newer HVAC (~2 yrs) installed. Enjoy your very own oversized pool w/ Southern exposure & views of the western San Jacinto mountains- you can even watch the tram ascend & descend in the evenings! The Backyard boasts avocado and citrus trees. The west side of this home is easily used as the fourth bedroom with it's own private access to the backyard. Solar system (leased) & Tesla Charger in place. Walking distance to Demuth Park which offers Pickleball Courts, Soccer & Baseball Fields as well as a Playground and Dog Park. All furnishing are negotiable. Whether your Primary Residence, Second Home or a Vacation Rental, this home is an amazing opportunity.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1960
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 66% |
| Baths | 2.0 | 3.0 | 25% |
| Square foot | 1,592 | 2,303.5 | 21% |
| Lot Size | 7,405 | 10,236.5 | 33% |
| Price | $900.0K | $1.43M | 24% |
| Price per sq ft | $565 | $606 | 41% |
| Built year | 1960 | 1972 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 163 | 1% |
Pricing History
Listed for Sale
Feb 28, 2026
$900,000
Initial Listing