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47 Portola Drive, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath

47 Portola Drive, Palm Springs, California 92264 home-pic-0
ACTIVE$340,000
47 Portola Drive, Palm Springs, California 92264
2Beds
2Baths
1,125Sqft
1,306Lot

Price Vs. Estimate

The estimated value ($392,713) is $52,713 (12%) higher than the list price ($340,000). This property may be underpriced.

Key pros and cons

Top Pros:
Airbnb Approved: The community is approved for Airbnb rentals with a City of Palm Springs permit, offering excellent income-generating potential for investors or part-time residents.
Top Cons:
Foreclosure/Trustee Sale Status: The sale is subject to CA Civil Code 2924m/o, indicating a potential foreclosure or trustee sale, which can involve a more complex buying process, specific legal requirements, and limited contingencies for the buyer.

Compared to the nearby listings

Price:$340.0K vs avg $439.4K ($-99,450)22%
Size:1,125 sqft vs avg 1,307 sqft24%
Price/sqft:$302 vs avg $33831%

More Insights

Built in 1976 (49 years old).
Condition: The property, built in 1976, has received recent cosmetic updates such as new flooring, fresh paint, and some modern light fixtures in the main living areas, making it move-in ready. However, the kitchen and bathrooms, while functional and clean, show signs of being outdated. The kitchen features light wood cabinets, a dated mosaic tile backsplash, and a fluorescent box light, despite having stainless steel appliances and granite-look countertops. The bathroom also has a basic white vanity with an integrated sink and dated fluorescent lighting. These elements suggest an older renovation or partial updates rather than a comprehensive modern overhaul within the last 15 years, aligning with the 'Fair' condition criteria for properties built over 20 years ago with renovations between 15 to 30 years ago, where major components are functional but show signs of being outdated.
Year Built
1976
Close
-
List price
$340K
Original List price
$350K
Price/Sqft
$302
HOA
$575
Days on market
-
Sold On
-
MLS number
219134525DA
Home ConditionFair
Features
Good View:
Patio
View-

About this home

COMMUNITY APPROVED FOR AIRBNB RENTAL WITH CITY OF PALM SPRINGS PERMIT! Welcome to 47 Portola, Palm Springs - your perfect desert getaway!Located in the highly desirable Los Pueblos community. This charming condo is surrounded by lush greenery, citrus trees, palms, and vibrant bougainvillea, creating a true village-like feel. Enjoy resort-style amenities with three pools, five hot tubs, and two tennis/pickleball courts, all framed by stunning mountain vistas. Golfers will love the location along Tahquitz Creek Golf Course. Cyclists have direct access to the CV Link. Inside, the home has been beautifully upgraded with plantation shutters, granite counters, new flooring, modern light fixtures, and fresh painted throughout. The inviting living room features soaring wood-beamed ceilings and a stack-stone fireplace. The kitchen offers granite counters, a breakfast bar, and stainless appliances. Step outside to an extended back patio overlooking the greenbelt, with a pool and spa just steps away. With 2 bedrooms and 2 baths, this stylish condo is ideal as a full-time residence, vacation retreat, or income-producing property in an Airbnb-friendly community. Plus, it's just minutes from all the shopping, dining, and entertainment of downtown Palm Springs. Don't miss this gem in one of Palm Springs' best locations! Sale is subject to CA Civil Code 2924m/o.

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•2.7mi
Condition Rating
Fair
The property, built in 1976, has received recent cosmetic updates such as new flooring, fresh paint, and some modern light fixtures in the main living areas, making it move-in ready. However, the kitchen and bathrooms, while functional and clean, show signs of being outdated. The kitchen features light wood cabinets, a dated mosaic tile backsplash, and a fluorescent box light, despite having stainless steel appliances and granite-look countertops. The bathroom also has a basic white vanity with an integrated sink and dated fluorescent lighting. These elements suggest an older renovation or partial updates rather than a comprehensive modern overhaul within the last 15 years, aligning with the 'Fair' condition criteria for properties built over 20 years ago with renovations between 15 to 30 years ago, where major components are functional but show signs of being outdated.
Pros & Cons

Pros

Airbnb Approved: The community is approved for Airbnb rentals with a City of Palm Springs permit, offering excellent income-generating potential for investors or part-time residents.
Resort-Style Amenities: Residents enjoy access to three pools, five hot tubs, and two tennis/pickleball courts, all set against stunning mountain vistas, providing a luxurious lifestyle.
Upgraded Interior: The condo features beautiful upgrades including plantation shutters, granite counters, new flooring, modern light fixtures, fresh paint, and stainless steel appliances, making it move-in ready.
Prime Location & Community: Located in the highly desirable Los Pueblos community, adjacent to Tahquitz Creek Golf Course, with direct access to CV Link, and minutes from downtown Palm Springs shopping and dining.
Enhanced Outdoor Living: An extended back patio overlooks a lush greenbelt, with a pool and spa just steps away, offering convenient and appealing outdoor relaxation and entertainment options.

Cons

Foreclosure/Trustee Sale Status: The sale is subject to CA Civil Code 2924m/o, indicating a potential foreclosure or trustee sale, which can involve a more complex buying process, specific legal requirements, and limited contingencies for the buyer.
High Association Fees: A monthly association fee of $575.0 is substantial, adding a significant recurring cost to ownership that could impact affordability and long-term investment returns.
Age of Building: Built in 1976, the property's underlying structure is nearly 50 years old. While the interior is upgraded, older buildings can potentially incur higher maintenance costs or require significant capital improvements for common areas in the future.

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