2010 Lawrence Crossley Road 1, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 3 bath
ACTIVE$385,000
2010 Lawrence Crossley Road 1, Palm Springs, California 92264
3Beds
3Baths
1,434Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Investment Opportunity: The property is a turnkey furnished successful vacation rental with no rental restrictions, making it ideal for short-term rentals and generating immediate income.
Top Cons:
Age of Property: Built in 1973, the property's underlying structure is over 50 years old, which may lead to concerns about aging infrastructure not covered by recent cosmetic upgrades.
Compared to the nearby listings
Price:$385.0K vs avg $439.4K ($-54,450)38%
Size:1,434 sqft vs avg 1,307 sqft60%
Price/sqft:$268 vs avg $33814%
More Insights
Built in 1973 (52 years old).
Condition: Built in 1973, this property has undergone significant recent upgrades, including newer flooring throughout, an upgraded kitchen with all new stainless steel appliances, new main bedroom en-suite shower, new toilets, and a new custom double front door. The kitchen is functional and updated, and the overall property is well-maintained and move-in ready. While the underlying structure is older, the extensive renovations within the last 5-15 years, as indicated by the description and visual evidence of modern appliances and flooring, qualify it as 'Good'. Some elements, such as the stair railing and cabinet style, are not ultra-modern, preventing an 'Excellent' rating.
Year Built
1973
Close
-
List price
$385K
Original List price
$425K
Price/Sqft
$268
HOA
$475
Days on market
-
Sold On
-
MLS number
219137327DA
Home ConditionGood
Features
Excellent View: Park/Greenbelt, Golf Course, Mountain(s), Panoramic
Patio
ViewPark/Greenbelt,Golf Course,Mountain(s),Panoramic
About this home
$50k Price reduction,.......Now is the time to make this beauty yours!!!! BREATHTAKING VIEWS!! Turnkey furnished successful vacation rental . This well maintained 3 bed, 2 1/2 bath home is located within the Mountain Shadows complex in South Palm Springs adjacent to Tahquitz Golf Course and close to shopping and dining. Mountain Shadows has NO rental restrictions, ideal for short term rentals. The home has newer flooring throughout, an upgraded kitchen with all new appliances, new main bedroom en-suite shower, new toilets and a new custom double front door. End unit, feels like a little house. Light and bright with two patios and an assigned carport. Mountain Shadows has 6 pools and spas, tennis courts and a clubhouse.
Nearby schools
4/10
Cathedral City Elementary School
Public,•K-5•1.6mi
3/10
Nellie N. Coffman Middle School
Public,•6-8•1.8mi
6/10
Cathedral City High School
Public,•9-12•1.6mi
4/10
Desert Learning Academy
Public,•K-12•2.6mi
Condition Rating
Good
Built in 1973, this property has undergone significant recent upgrades, including newer flooring throughout, an upgraded kitchen with all new stainless steel appliances, new main bedroom en-suite shower, new toilets, and a new custom double front door. The kitchen is functional and updated, and the overall property is well-maintained and move-in ready. While the underlying structure is older, the extensive renovations within the last 5-15 years, as indicated by the description and visual evidence of modern appliances and flooring, qualify it as 'Good'. Some elements, such as the stair railing and cabinet style, are not ultra-modern, preventing an 'Excellent' rating.
Pros & Cons
Pros
Exceptional Investment Opportunity: The property is a turnkey furnished successful vacation rental with no rental restrictions, making it ideal for short-term rentals and generating immediate income.
Extensive Community Amenities: Located within the Mountain Shadows complex, residents have access to 6 pools and spas, tennis courts, and a clubhouse, enhancing lifestyle and rental appeal.
Recent Upgrades & Well-Maintained: Features newer flooring, an upgraded kitchen with new appliances, new main bedroom en-suite shower, new toilets, and a new custom double front door, indicating minimal immediate maintenance for a buyer.
Prime Location & Breathtaking Views: Situated in South Palm Springs, adjacent to Tahquitz Golf Course, close to shopping/dining, and boasts breathtaking panoramic, golf course, and mountain views.
Significant Price Reduction: A recent $50,000 price reduction from the original list price presents a compelling value proposition for potential buyers.
Cons
Age of Property: Built in 1973, the property's underlying structure is over 50 years old, which may lead to concerns about aging infrastructure not covered by recent cosmetic upgrades.
High Monthly Association Fees: The property carries a significant monthly association fee of $475, which adds to the recurring cost of ownership and can impact cash flow for investors.
Condominium Ownership Limitations: As a condominium, despite being an end unit, it entails shared walls and adherence to HOA rules and regulations, potentially limiting personal modifications and privacy compared to a detached home.