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
Property Price
SUMMARY
Analysis of 470 S Calle Encilia B15, Palm Springs, California 92262 is currently available with a list price of $270,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 1985, this property has undergone significant and tasteful interior renovations, particularly evident in the bathroom which features modern fixtures, a vessel sink, black toilet, and a stylish tiled shower with glass enclosure. The kitchen is also updated with stainless steel appliances, white cabinets, and granite countertops. The wood-look laminate flooring throughout the living areas and bedroom is in good condition. While the building itself is older, the extensive interior updates make it move-in ready with no immediate renovations required, aligning with a 'good' condition score.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Rental Income Potential
This property is a proven successful short-term vacation rental, offered turnkey furnished, making it an immediate income-producing asset with established demand.
- Prime Downtown Palm Springs Location
Strategically located just blocks from downtown Palm Springs' dining, shopping, and entertainment, ensuring high desirability and consistent rental demand.
- Extensive Community Amenities
Located within the gated Biarritz community, residents and guests benefit from a large swimming pool, two spas, two tennis courts, secured bike storage, and assigned covered parking.
CONSRISKS & DEFICIENCIES
- Land Lease Structure
The property is subject to a land lease expiring in 2046, which can impact financing options, long-term appreciation, and introduces future lease renegotiation considerations.
- Compact Living Space
As a 1-bedroom, 1-bath unit with 568 sqft, the property offers limited living space, potentially restricting its appeal to a smaller demographic or short-term renters.
- Building Age
Constructed in 1985, the building is nearly 40 years old, which may lead to increased maintenance costs or the need for future capital improvements for common areas over time.
About 470 S Calle Encilia B15
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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1985
- Lot Size
- 871 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $499.0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Cahuilla Elementary School
Grades K-5 • 0.6 mi
Raymond Cree Middle School
Grades 6-8 • 2.0 mi
Desert Learning Academy
Grades K-12 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 41% |
| Baths | 1.0 | 2.0 | 40% |
| Square foot | 568 | 1,051 | 5% |
| Lot Size | 871 | 576.5 | 61% |
| Price | $270.0K | $330.0K | 33% |
| Price per sq ft | $475 | $344 | 90% |
| Built year | 1985 | 1982 | 66% |
| HOA | $499.0 | $532 | 29% |
| Days on market | 54 | 173 | 4% |
Pricing History
Listed for Sale
Jan 12, 2026
$270,000
Initial Listing