50630 Santa Rosa Plaza 8, La Quinta, California 92253, La Quinta, 92253 - 1 bed, 1 bath
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La Quinta, California 92253
This Turnkey Short-Term Rental Asset is a Prime Investment Opportunity listed at $279,000—positioned well below the $290,815 Fair Market Value by 4%. This valuation gap offers $11,815 in Instant Equity. Featuring a Condition Rating of 3, the unit includes Granite Countertops, interior laundry, and Mountain Views. Located in a rare STR-Permitted Enterprise Zone steps from Old Town La Quinta, the property ensures high rental demand and immediate cash flow potential. This is an ideal acquisition for Short-Term Rental Investors or Seasonal Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 50630 Santa Rosa Plaza 8 Subject | $275,000* List Price | 1 | 1 | 682 | $396 | - |
A 50660 Santa Rosa Plaza 3 Sold | $265,000 | 1 | 1 | 682 | $389 | 0.0 mi |
B 50640 Santa Rosa 8 Sold | $290,000 | 1 | 1 | 682 | $425 | 0.0 mi |
C 50610 Santa Rosa Plaza 6 Active | $295,000 List Price | 1 | 1 | 682 | $433 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2004, this 20-year-old property is well-maintained and move-in ready. The kitchen features granite countertops and functional appliances, and the interior is described as turnkey-furnished, indicating systems are in working order despite the original dated cabinetry.
Located in a designated enterprise zone where the City of La Quinta continues to issue STR permits, providing a rare and lucrative opportunity for consistent investment income.
Situated in the heart of Old Town La Quinta, the property offers exceptional walkability to boutique shops, fine dining, and seasonal events, significantly increasing its appeal to tourists.
The condo is sold turnkey-furnished and includes interior laundry, allowing for immediate occupancy or rental listing without the need for additional capital expenditure.
At only 682 square feet, the unit's small footprint may limit its appeal to long-term residents or larger groups seeking more spacious accommodations.
The $460 monthly association fee is relatively high for a one-bedroom unit of this size, which may impact the net ROI for potential investors.
Casitas Las Rosas Upstairs condo. Prime short-term rental and investment opportunity in the heart of Old Town La Quinta. This turnkey-furnished upstairs 1BD/1BA condo is ready to enjoy or generate income from day one.Located in Casitas Las Rosas' desirable enterprise zone, where the City continues issuing STR peits, this property offers strong income potential. Tucked on the quieter backside of the Embassy Suites, it features a full kitchen, interior laundry, and comfortable living space. One bedroom, one bath with sofa bed so property can sleep up to 4 occupants. Close to Old Town's shops, dining, and events, with easy access to hiking, biking, golf, tennis, and pickleball. Community pools and ample parking add to the appeal.Perfect for a 1031 exchange, with a rare chance to purchase a second unit from the same seller and double your investment potential.Full-time, seasonal, or income-producing, this one checks all the boxes. Experience the La Quinta lifestyle!
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.0 |
| Baths | 1.0 | 2.5 |
| Square foot | 682 | 1,774.5 |
| Lot Size | 834 | 2,613 |
| Price | $275.0K | $694.2K |
| Price per sq ft | $403 | $381 |
| Built year | 2004 | 1986 |
| HOA | $460.0 | $780 |
| Days on market | 85 | 73 |
Jul 9, 2026
$275,000
$279,000
-1% Price Drop
Initial Listing
Apr 28, 2026
$279,000
Initial Listing
Sep 1, 2017
$158,000
Public Record
Jan 15, 2010
$80,000
Public Record