474 W Santa Catalina Road, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
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Palm Springs, California 92262
This Value-Add Desert Fixer represents a Strong Value Opportunity with a List Price of $515,000—positioned well below the $544,505 Fair Market Value by 5%. This valuation gap provides $29,505 in Instant Equity for buyers ready to modernize its Fixer Condition Rating. The property features an expansive 11,326 sq ft lot and panoramic San Jacinto Mountain views, offering significant upside near the top-rated Katherine Finchy Elementary. This high-utilization asset is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking forced appreciation in Racquet Club West.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 474 W Santa Catalina Road Subject | $515,000* List Price | 3 | 2 | 1,501 | $363 | - |
A 3757 El Dorado Boulevard Sold | $525,000 | 4 | 2 | 1,645 | $319 | 0.5 mi |
B 647 Poppy Street Sold | $540,000 | 3 | 2 | 1,588 | $340 | 0.7 mi |
C 2381 N Junipero Avenue Sold | $620,000 | 3 | 3 | 1,956 | $317 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is 37 years old (built 1987) and is explicitly marketed as a 'fixer' ready for an upgrade. While the kitchen shows some partial updates like stone countertops, the cabinetry and appliances remain dated, and the overall interior requires cosmetic modernization and likely system servicing to move beyond its original 1980s condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 1501.
Priced competitively at $515,000, this 'fixer' property presents a prime opportunity for investors or primary buyers to build substantial sweat equity through strategic renovations.
The generous 11,326 sq ft lot is significantly larger than average for the area, providing ample space for a pool, ADU, or professional desert landscaping to increase property value.
The property is explicitly marketed as needing an upgrade, implying that significant capital and time will be required to address deferred maintenance and outdated interiors.
Built in 1987, the home lacks the iconic mid-century modern architecture often sought in Palm Springs, potentially limiting its appeal to a specific segment of design-focused buyers.
If you've been waiting for a fixer to build some sweat equity, this may be the house for you! This three bed, two bath home on a large 11,326 sq ft lot is ready for an upgrade. Priced to move o come take a look today.
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 3.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,501 | 1,909.5 | 25% |
| Lot Size | 11,326 | 9,583 | 73% |
| Price | $515.0K | $875.0K | 9% |
| Price per sq ft | $343 | $481 | 23% |
| Built year | 1987 | 1987 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 184 | 0% |
Apr 19, 2026
$515,000
Initial Listing
Aug 5, 2010
$225,000
Public Record
Mar 17, 1995
$44,000
Public Record
Nov 21, 1994
$96,000
Public Record