605 E Amado Road 619, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
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Palm Springs, California 92262
This Strong Value Opportunity is a Turnkey Condominium listed at $399,000—positioned well below the $427,844 Fair Market Value by 6%. This valuation gap offers $28,844 in Instant Equity. Featuring a Condition Rating of 2, the home includes a newer HVAC, remodeled baths, and upgraded kitchen surfaces. Located in a gated community with Short-Term Rental potential and Greenbelt Views, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 605 E Amado Road 619 Subject | $399,000* List Price | 2 | 2 | 1,150 | $372 | - |
A 222 N Calle El Segundo 576 Sold | $375,000 | 2 | 2 | 1,139 | $329 | 0.1 mi |
B 291 E Mel Avenue 312 Sold | $365,000 | 2 | 2 | 902 | $405 | 1.0 mi |
C 255 S Avenida Caballeros 306 Sold | $302,000 | 2 | 2 | 1,046 | $289 | 0.5 mi |
D 1115 E Alejo Road Sold | $475,000 | 2 | 2 | 1,221 | $389 | 0.4 mi |
E 291 E Mel Avenue 362 Sold | $370,000 | 2 | 2 | 902 | $410 | 1.0 mi |
F 280 S Avenida Caballeros 116 Sold | $339,000 | 2 | 2 | 996 | $340 | 0.5 mi |
G 605 E Amado Road 610 Pending | $400,000 List Price | 2 | 2 | 1,147 | $349 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1984, the property has undergone significant recent renovations including a 4-year-old HVAC system, remodeled bathrooms with modern fixtures, upgraded kitchen countertops, and new carpeting. These updates meet the criteria for a high-quality renovation within the last 5 years, making it move-in ready with no immediate maintenance needed.
Situated just steps from the heart of Downtown Palm Springs, this property offers exceptional walkability to premier dining, shopping, and entertainment, significantly driving its desirability and rental demand.
The home is offered turnkey furnished with a newer HVAC system, remodeled bathrooms, and upgraded kitchen surfaces, providing a move-in-ready experience that minimizes immediate post-purchase capital expenditures.
Located in a gated community with a favorable 7-day minimum stay requirement, this property presents a lucrative opportunity for investors looking to capitalize on the robust Palm Springs seasonal rental market.
The association fee of $615 per month is relatively high for this price point, which may impact the overall affordability for some buyers and reduce the net yield for investment-focused owners.
As a ground-level unit in a complex built in 1984, the property may experience noise transfer from upper-floor residents, which could be a concern for buyers seeking maximum privacy and quiet.
Enjoy this beautiful ground-level 2 bedroom / 2 bath home - located just steps from all-things Downtown Palm Springs. This meticulously maintained home features upgraded kitchen countertops, remodeled bathrooms and new carpeting throughout AND is offered turnkey furnished with newer HVAC that is only about 4 years old. Enjoy relaxing greenbelt views from the livingroom & bedroom patios. Located in the peaceful gated community of Plaza Villas where you can enjoy 2 pools, covered parking and tranquil walking paths - 7 day minimum stay.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 1.3 mi
Grades K-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,150 | 1,139 | 51% |
| Lot Size | 1,307 | 436 | 68% |
| Price | $399.0K | $362.0K | 54% |
| Price per sq ft | $347 | $345 | 50% |
| Built year | 1984 | 1981 | 69% |
| HOA | $615.0 | $550 | 67% |
| Days on market | 30 | 160 | 1% |
May 8, 2026
$399,000
Initial Listing