630 N Hermosa Drive, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 1 bath
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Palm Springs, California 92262
This Value-Add Desert Bungalow is a Strong Value Opportunity listed at $649,000—positioned well below the $691,939 Fair Market Value by 6%. This pricing strategy provides $42,939 in Instant Equity for an asset featuring a Condition Rating of 4. Located in the prestigious Movie Colony East, the property offers iconic San Jacinto Mountain views and a vintage kidney pool, serving as a high-potential canvas for forced appreciation. With proximity to top-rated Katherine Finchy Elementary, this acquisition is ideal for Fix-and-Flip Investors or Buy-and-Hold Investors targeting the Palm Springs rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 630 N Hermosa Drive Subject | $649,000* List Price | 2 | 1 | 877 | $789 | - |
A 543 N Paseo De Anza Active | $679,000 List Price | 2 | 1 | 1,210 | $561 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1936, this bungalow is well-maintained and livable but requires modernization to meet current standards. While it features some updates like stainless steel appliances and mini-split HVAC units, the single bathroom is dated, and the overall infrastructure is aged. The listing itself describes the property as a 'canvas' for a 'value-add vision,' indicating that while functional, it is positioned as a renovation project.
Situated in the prestigious Movie Colony East neighborhood, this property offers high desirability and is located near top-rated schools and downtown Palm Springs.
The home features stunning San Jacinto Mountain views from the front porch and a private backyard oasis centered around a vintage-inspired kidney pool.
With its authentic 1936 character and 'value-add' description, this bungalow serves as an ideal canvas for a modern renovation or a high-demand rental property.
At only 877 square feet with a single bathroom, the compact footprint may limit appeal for families or buyers seeking more spacious accommodations.
The property is positioned as a renovation project, implying that substantial additional capital will be required to modernize the 1930s infrastructure and finishes.
This classic California bungalow offers a rare blend of authentic character and undeniable potential in Movie Colony East. The home greets you with an inviting front porch that serves as a front-row seat to the soaring San Jacinto Mountains. Inside, the layout exudes a cozy charm and is filled with natural light. The backyard is a private enclave, centered around a vintage-inspired kidney pool and covered patio for relaxed dining and fellowship. This soulful aesthetic also positions the property as a candidate for rental income. Whether you are looking to preserve its historic bungalow roots or execute a modern value-add vision, this home serves as an incredible canvas in one of the valley's scenic settings.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 8% |
| Baths | 1.0 | 2.0 | 2% |
| Square foot | 877 | 1,907 | 0% |
| Lot Size | 5,663 | 9,583 | 16% |
| Price | $649.0K | $875.0K | 23% |
| Price per sq ft | $740 | $485 | 84% |
| Built year | 1936 | 1986 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 185 | 0% |
Apr 14, 2026
$649,000
Initial Listing
Sep 12, 2003
$240,000
Public Record
Mar 7, 2003
$150,000
Public Record