3140 E Vista Chino, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 3 bath
ACTIVE$785,000
3140 E Vista Chino, Palm Springs, California 92262
3Beds
3Baths
1,767Sqft
9,583Lot
Price Vs. Estimate
The estimated value ($707,455.94) is $77,544.06 (9%) lower than the list price ($785,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9583, living area = 1767.
Top Cons:
Niche Market & Limited Buyer Pool: The specialized nature of the property as an RCFE significantly narrows the potential buyer pool, primarily appealing to senior care operators or investors rather than general residential buyers.
Compared to the nearby listings
Price:$785.0K vs avg $925.0K ($-140,000)35%
Size:1,767 sqft vs avg 2,096 sqft38%
Price/sqft:$444 vs avg $49037%
More Insights
Built in 1991 (34 years old).
Condition: The property was built in 1991, making it over 30 years old. While the listing emphasizes 'meticulous upkeep' and 'well-maintained' status as a Residential Care Facility, suggesting functionality and cleanliness, the age of the structure indicates that major components, including kitchen and bathrooms, are likely functional but may be outdated in style or nearing the end of their expected lifespan. The exterior image shows a well-kept facade with solar panels, indicating some updates, but without interior photos, a full assessment of internal conditions, appliances, flooring, and fixtures cannot confirm recent extensive renovations that would elevate it to 'Good' or 'Excellent'. It fits the 'Fair' criteria of being aged but maintained, with components that may show signs of being outdated.
Year Built
1991
Close
-
List price
$785K
Original List price
$785K
Price/Sqft
$444
HOA
-
Days on market
-
Sold On
-
MLS number
OC25258886
Home ConditionFair
Features
View-
About this home
This well-maintained property has successfully operated as a Residential Care Facility for the Elderly (RCFE) for over a decade. Licensed to accommodate up to six residents, the facility includes a waiver for 6 bedridden resident and supports up to 6 hospice patients. Additionally, it holds a dementia care waiver, enabling specialized attention for residents with memory care needs. The facility's meticulous upkeep underscores its dedication to excellence in resident care and satisfaction. This property presents an excellent opportunity for investors interested in the senior care industry or for seasoned operators looking to expand. Buyers have the option to purchase this facility individually or as part of a package with two additional facilities.
Nearby schools
7/10
Katherine Finchy Elementary School
Public,•K-5•1.6mi
6/10
Vista Del Monte Elementary School
Public,•K-5•1.8mi
4/10
Raymond Cree Middle School
Public,•6-8•1.4mi
6/10
Palm Springs High School
Public,•9-12•1.8mi
4/10
Desert Learning Academy
Public,•K-12•2.1mi
6/10
Cathedral City High School
Public,•9-12•4.5mi
Price History
Date
Event
Price
10/18/00
Sold
$160,000
Condition Rating
Fair
The property was built in 1991, making it over 30 years old. While the listing emphasizes 'meticulous upkeep' and 'well-maintained' status as a Residential Care Facility, suggesting functionality and cleanliness, the age of the structure indicates that major components, including kitchen and bathrooms, are likely functional but may be outdated in style or nearing the end of their expected lifespan. The exterior image shows a well-kept facade with solar panels, indicating some updates, but without interior photos, a full assessment of internal conditions, appliances, flooring, and fixtures cannot confirm recent extensive renovations that would elevate it to 'Good' or 'Excellent'. It fits the 'Fair' criteria of being aged but maintained, with components that may show signs of being outdated.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9583, living area = 1767.
Established Business & Operational History: The property has successfully operated as a Residential Care Facility for the Elderly (RCFE) for over a decade, indicating a proven business model and potential for immediate revenue generation.
Comprehensive Licensing & Waivers: Licensed for six residents, including waivers for bedridden and hospice patients, and a dementia care waiver, allowing for specialized and high-demand care services.
Meticulous Upkeep: The facility's meticulous upkeep suggests excellent condition, reducing immediate capital expenditure for maintenance and ensuring a high standard of care environment.
Niche Investment Opportunity: Presents an excellent opportunity for investors or seasoned operators specifically targeting the growing senior care industry, a resilient and essential market segment.
Scalability Option: Buyers have the flexibility to purchase this facility individually or as part of a package with two additional facilities, offering a clear path for business expansion.
Cons
Niche Market & Limited Buyer Pool: The specialized nature of the property as an RCFE significantly narrows the potential buyer pool, primarily appealing to senior care operators or investors rather than general residential buyers.
Potential Overpricing: The listing price of $785,000 is higher than the estimated property value of approximately $732,568, suggesting it may be priced above current automated market valuations.
Age of Structure: Built in 1991, the property is over 30 years old, which, despite being well-maintained, may lead to increased maintenance costs or the need for system upgrades in the near future compared to newer facilities.