730 N Calle Marcus, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 1 bath
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Palm Springs, California 92262
This property presents a Strong Value Opportunity with a List Price of $599,000—positioned well below the $559,214 Fair Market Value by -7%. While the property requires a full gut renovation given its Condition Rating of 5, the 6,098 sq. ft. lot and detached rear structure offer significant upside for expansion or a guest house conversion. Located in the premier Movie Colony East neighborhood, this asset is a Fix-and-Flip Investor or Contractor project designed for those seeking to capture value through strategic restoration.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 730 N Calle Marcus Subject | $599,000* List Price | 2 | 1 | 950 | $589 | - |
A 630 N Hermosa Drive Sold | $649,000 | 2 | 1 | 877 | $740 | 0.2 mi |
B 543 N Paseo De Anza Active | $660,000 List Price | 2 | 1 | 1,210 | $545 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1938 and marketed as an 'investor's dream,' this property requires a complete remodel. The kitchen and systems appear original, featuring a 1930s Magic Chef stove and vintage tile, indicating a need for a full gut renovation and system updates.
Situated in the highly desirable Movie Colony East, this property offers an elite Palm Springs address just minutes from the city's best dining, shopping, and entertainment.
The 6,098 sq. ft. lot includes a detached rear structure and ample backyard space, providing an excellent opportunity for a guest house conversion or a substantial residential expansion.
Built in 1938, the home retains original vintage elements and offers beautiful mountain views, serving as a unique canvas for a high-end custom restoration.
The property is being marketed as a complete remodel project, requiring significant capital investment to update the 1930s infrastructure and interior finishes.
With only 950 square feet of living space and a single bathroom, the current layout is restrictive and necessitates a strategic redesign to meet modern luxury standards.
**INVESTOR'S DREAM** Located in the desirable Movie Colony East neighborhood of Palm Springs, 730 N. Calle Marcus is a rare opportunity with tremendous potential. Priced at $599,000, this 2 bedroom, 1 bathroom home sits on a 6,098 sq. ft. lot and offers approximately 950 sq. ft. of living space ready for a complete remodel. This is ideal for investors, builders, or buyers looking to create a custom Palm Springs retreat in a premier location. Other home features include a living room with fireplace, dining room, kitchen, and a separate laundry room. The home itself retains several vintage elements that could either be preserved and incorporated into a thoughtful renovation or serve as inspiration for a completely fresh design approach. The kitchen still has its original Magic Chef stove along with original tile details, offering a nostalgic nod to classic Palm Springs living. The backyard is filled with charm, featuring mature trees and plenty of space to create an inviting outdoor setting. A detached rear structure, formerly used as a garage, could potentially be remodeled into a studio, guest space, or creative retreat. While the property requires extensive renovation, it offers a functional layout and endless possibilities for redesign, expansion, or restoration and is located just minutes from downtown Palm Springs, dining, shopping, and entertainment.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 10% |
| Baths | 1.0 | 3.0 | 2% |
| Square foot | 950 | 1,939.5 | 2% |
| Lot Size | 6,098 | 9,583 | 20% |
| Price | $599.0K | $875.0K | 19% |
| Price per sq ft | $631 | $488 | 72% |
| Built year | 1938 | 1986 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 180 | 2% |
May 13, 2026
$599,000
Initial Listing
Apr 21, 2003
$120,000
Public Record