751 N Los Felices Circle W 109, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 1 bath
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Palm Springs, California 92262
This Tenant-Occupied Investment Asset is listed at $197,500, offering a turnkey entry into the North End Palm Springs market. While the list price exceeds the $156,042 Fair Market Value, the seller is highly motivated to consider reasonable offers. The property delivers immediate rental income of $1,400 per month under a current one-year lease. Holding a Condition Rating of 4, the residence is bolstered by a brand-new AC system, a private patio, and resort-style amenities. Located in the Palm Springs Unified district, this is a strategic acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 751 N Los Felices Circle W 109 Subject | $197,500* List Price | 1 | 1 | 589 | $265 | - |
A 685 N Ashurst Court H 215 Sold | $145,000 | 1 | 1 | 589 | $246 | 0.0 mi |
B 680 N Ashurst Court 102 Sold | $168,500 | 1 | 1 | 589 | $286 | 0.0 mi |
C 2820 N Arcadia Court B102 Sold | $159,000 | 1 | 1 | 589 | $270 | 0.2 mi |
D 2812 N Auburn Court 206 Sold | $150,000 | 1 | 1 | 589 | $255 | 0.1 mi |
E 2809 N Los Felices Circle 205 Sold | $140,000 | 1 | 1 | 589 | $238 | 0.2 mi |
F 2822 N Auburn Court 205 Sold | $170,000 | 1 | 1 | 589 | $289 | 0.1 mi |
G 701 N Los Felices Circle W 208 Active Under Contract | $167,500 List Price | 1 | 1 | 589 | $284 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and features a brand-new AC system, but the interior finishes are dated. The kitchen features older white appliances and cabinetry, and the overall aesthetic reflects the 1982 construction with no evidence of a recent comprehensive renovation. It is functional and tenant-occupied but requires cosmetic updates to meet modern 'excellent' or 'good' standards.
The property is currently tenant-occupied at $1,400 per month with a one-year lease in place, offering an immediate turnkey opportunity for investors seeking consistent cash flow.
A brand-new AC system has been recently installed, providing significant value and reducing the risk of high-cost maintenance issues in the demanding Palm Springs climate.
Located in a secure gated community, the property offers access to premium amenities including multiple pools, spas, and tennis courts, enhancing its desirability for tenants.
The monthly association fee of $515 is relatively high compared to the unit's square footage and price point, which may compress the net cap rate for investors.
At just 589 square feet, the compact size of this one-bedroom unit may limit its appeal to owner-occupants or long-term tenants with significant furniture or storage needs.
Investment opportunity. Lower level 1 bedroom / 1 bath condo located in a secure gated community just minutes from the vibrant downtown strip. Enjoy resort-style amenities including sparkling community pools, relaxing spas, and tennis courts. This well-maintained unit features a brand-new AC system and comes equipped with a refrigerator, oven, stove, and microwave. Tenant is paying $1,400 monthly. 1 year lease. Seller is motivated, and would consider any reasonable offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 35% |
| Baths | 1.0 | 2.0 | 34% |
| Square foot | 589 | 1,122.5 | 17% |
| Lot Size | 698 | 500 | 54% |
| Price | $197.5K | $360.0K | 14% |
| Price per sq ft | $335 | $345 | 44% |
| Built year | 1982 | 1981 | 51% |
| HOA | $515.0 | $550 | 42% |
| Days on market | 64 | 182 | 8% |
Feb 18, 2026
$197,500
Initial Listing