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280 S Avenida Caballeros 268, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath

280 S Avenida Caballeros 268, Palm Springs, California 92262 home-pic-0
ACTIVE$365,000
280 S Avenida Caballeros 268, Palm Springs, California 92262
2Beds
2Baths
1,082Sqft
1,500Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Downtown Location: Situated in Downtown Palm Springs, the property offers exceptional walkability to Arenas Road and all central town attractions, providing a vibrant urban lifestyle.
Top Cons:
Land Lease Structure: The property is subject to a land lease of $211/month, which adds a significant ongoing cost and means the land is not owned outright, with the lease term expiring in 2064.

Compared to the nearby listings

Price:$365.0K vs avg $338.0K (+$27,000)57%
Size:1,082 sqft vs avg 1,068 sqft51%
Price/sqft:$337 vs avg $34647%

More Insights

Built in 1981 (44 years old).
Condition: Despite being built in 1981, the property has been 'fully remodeled' as stated in the description, which is strongly supported by the images. The kitchen features modern grey shaker-style cabinets, brand new white quartz countertops, stainless steel appliances, and contemporary pendant lighting, all indicative of a very recent renovation. The main living areas boast modern LVP flooring, and the overall aesthetic is fresh, bright, and move-in ready with no visible signs of wear or deferred maintenance. The description also highlights a 'large fully remodeled bathroom,' reinforcing the comprehensive nature of the updates. This extensive and recent renovation brings the property's condition to an excellent standard, meeting current quality and style expectations.
Year Built
1981
Close
-
List price
$365K
Original List price
$359K
Price/Sqft
$337
HOA
$581
Days on market
-
Sold On
-
MLS number
219134745PS
Home ConditionExcellent
Features
Good View: Desert, Mountain(s), Pool
Deck
Pool
ViewDesert, Mountain(s), Pool

About this home

Bright, beautiful and fully remodeled 2 bedroom townhouse in Downtown Palm Springs. Caballeros Estates is a well maintained, secure complex walking distance to Arenas Road and all the attractions in the center of town. This townhouse style unit is arranged over two floors with three privarte terraces to enjoy the indoor/outdoor living that Palm Springs is famous for. The first floor features a remodeled kitchen with high end appliances and brand new counter tops, along with a separate laundry room and a half bath for your convenience. The dining area has its own terrace, and the luxurious living room has a wet bar, fireplace and a large south facing terrace with views over the pool, palm trees and the mountains beyond. The primary bedroom is upstairs with far reaching views along with a second bedroom with another terrace and a large fully remodeled bathroom. This unit has the best location within the resort-like complex! Secure subterranean parking for one car plus plenty of guest parking. 30 day minimum rentals. HOA is $581/month. Land lease is $211/month (until 2064).

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•0.8mi
4/10
Raymond Cree Middle School
Public,•6-8•1.7mi
4/10
Desert Learning Academy
Public,•K-12•0.9mi
6/10
Palm Springs High School
Public,•9-12•1.0mi
Condition Rating
Excellent
Despite being built in 1981, the property has been 'fully remodeled' as stated in the description, which is strongly supported by the images. The kitchen features modern grey shaker-style cabinets, brand new white quartz countertops, stainless steel appliances, and contemporary pendant lighting, all indicative of a very recent renovation. The main living areas boast modern LVP flooring, and the overall aesthetic is fresh, bright, and move-in ready with no visible signs of wear or deferred maintenance. The description also highlights a 'large fully remodeled bathroom,' reinforcing the comprehensive nature of the updates. This extensive and recent renovation brings the property's condition to an excellent standard, meeting current quality and style expectations.
Pros & Cons

Pros

Prime Downtown Location: Situated in Downtown Palm Springs, the property offers exceptional walkability to Arenas Road and all central town attractions, providing a vibrant urban lifestyle.
Extensive Modern Remodel: The townhouse is fully remodeled with high-end appliances, brand new countertops, and updated bathrooms, presenting a move-in ready and contemporary living space.
Abundant Outdoor Living & Views: Featuring three private terraces, including a large south-facing terrace with views over the pool, palm trees, and mountains, it perfectly embodies Palm Springs' indoor/outdoor lifestyle.
Resort-like Complex Amenities: Located within a secure, well-maintained, and resort-like complex, it includes secure subterranean parking for one car plus ample guest parking, enhancing convenience and security.
Rental Income Potential: The complex allows 30-day minimum rentals, offering a valuable opportunity for investment income or flexible use as a secondary home.

Cons

Land Lease Structure: The property is subject to a land lease of $211/month, which adds a significant ongoing cost and means the land is not owned outright, with the lease term expiring in 2064.
High Monthly Carrying Costs: The combined monthly HOA fee of $581 and the $211 land lease result in substantial recurring carrying costs for the owner.
Building Age: While extensively remodeled, the building was constructed in 1981, meaning the underlying infrastructure is over 40 years old, which could potentially lead to future maintenance considerations beyond cosmetic updates.

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