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470 S Calle Encilia B15, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 1 bath

470 S Calle Encilia B15, Palm Springs, California 92262 home-pic-0
ACTIVE$270,000$568/sqft
470 S Calle Encilia B15, Palm Springs, California 92262
1Bed
1Bath
568Sqft
871Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Proven Rental Income & Turnkey: The property is a successful, proven short-term vacation rental, offered turnkey furnished, making it immediately income-producing and ready for occupancy.
Top Cons:
Limited Land Lease Term: The property is subject to a land lease that expires in 2046, which can impact long-term financing options and future property value appreciation.

Compared to the nearby listings

Price:$270.0K vs avg $335.0K ($-65,000)32%
Size:568 sqft vs avg 1,083.5 sqft3%
Price/sqft:$475 vs avg $34091%

More Insights

Built in 1985 (41 years old).
Condition: Built in 1985, this property has undergone significant and tasteful updates, making it move-in ready. The bathroom is extensively renovated with modern, high-end fixtures, including a vessel sink, black toilet, rain shower, and glass enclosure. The kitchen features modern stainless steel appliances, white cabinetry, and granite countertops. New laminate/engineered wood flooring is present throughout the living areas and bedroom, contributing to a fresh, contemporary aesthetic. While not a brand-new build, the major components have been updated within the last 5-15 years, aligning well with 'Good' condition criteria.
Year Built
1985
Close
-
List price
$270K
Original List price
$270K
Price/Sqft
$475
HOA
$499
Days on market
-
Sold On
-
MLS number
26635777PS
Home ConditionGood
Features
Good View: Pool
Deck
Pool
Spa
ViewPool

About this home

SUCCESSFUL SHORT TERM VACATION RENTAL just blocks from downtown Palm Springs dining, shopping, and entertainment. Located within the gated Biarritz community, this top floor 1 bedroom, 1 bath residence is offered turnkey furnished and is already proven as an income producing property. Ideal as a short term rental, longer term investment, weekend retreat, or full time residence. Dual balconies deliver a mix of pool and mountain views, adding strong guest appeal and indoor outdoor living. The open living, dining, and kitchen layout with pass through design maximizes usability and rental functionality. The spacious ensuite primary bath has been tastefully updated. Biarritz amenities include a large swimming pool, two spas, two tennis courts, secured bike storage, laundry rooms, and assigned covered parking. Prime location moments from the core of downtown Palm Springs, a consistent driver of rental demand. Low HOA fee supports strong net potential. Land Lease is currently $126.63/mo and expires in 2046.

B
Brady Sandahl
Listing Agent

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•0.6mi
4/10
Raymond Cree Middle School
Public,•6-8•2.0mi
4/10
Desert Learning Academy
Public,•K-12•1.3mi
6/10
Palm Springs High School
Public,•9-12•1.5mi
Condition Rating
Good
Built in 1985, this property has undergone significant and tasteful updates, making it move-in ready. The bathroom is extensively renovated with modern, high-end fixtures, including a vessel sink, black toilet, rain shower, and glass enclosure. The kitchen features modern stainless steel appliances, white cabinetry, and granite countertops. New laminate/engineered wood flooring is present throughout the living areas and bedroom, contributing to a fresh, contemporary aesthetic. While not a brand-new build, the major components have been updated within the last 5-15 years, aligning well with 'Good' condition criteria.
Pros & Cons

Pros

Proven Rental Income & Turnkey: The property is a successful, proven short-term vacation rental, offered turnkey furnished, making it immediately income-producing and ready for occupancy.
Exceptional Downtown Location: Situated just blocks from downtown Palm Springs' vibrant dining, shopping, and entertainment, ensuring high rental demand and desirability.
Comprehensive Community Amenities: Located within a gated community, residents and guests benefit from a large swimming pool, two spas, two tennis courts, secured bike storage, and assigned covered parking.
Desirable Views & Outdoor Living: Features dual balconies that deliver attractive pool and mountain views, significantly enhancing guest appeal and indoor-outdoor living.
Updated Interior & Functional Layout: The spacious ensuite primary bath has been tastefully updated, and the open living, dining, and kitchen layout maximizes usability and rental functionality.

Cons

Limited Land Lease Term: The property is subject to a land lease that expires in 2046, which can impact long-term financing options and future property value appreciation.
Compact Living Space: With 568 sqft, the unit offers limited interior space, which may not appeal to all potential buyers or long-term residents seeking more expansive accommodations.
Single Bedroom Configuration: As a 1-bedroom, 1-bath unit, its capacity is limited, potentially narrowing the target market for rentals or full-time occupancy compared to multi-bedroom properties.
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