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48111 Calle Seranas, La Quinta, California 92253, La Quinta, 92253 - 3 bed, 3 bath

48111 Calle Seranas, La Quinta, California 92253 home-pic-0
ACTIVE$470,000
48111 Calle Seranas, La Quinta, California 92253
3Beds
3Baths
1,894Sqft
5,663Lot
Year Built
1984
Close
-
List price
$470K
Original List price
$495K
Price/Sqft
$248
HOA
$730
Days on market
-
Sold On
-
MLS number
NP25067872
Home ConditionFair
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 10% below the list price. We found 3 Cons,5 Pros. Rank: price - $470.0K(13th), sqft - 1894(34th), beds - 3(50th), baths - 3(50th).

Leased property investment. Long term tenant paying $2,950 per month. Cap Rate is 4.6%. Great value in premier community of Laguna De La Paz in La Quinta! Large single level detached home ready for move in. New paint! Open and airy layout. 2 fireplaces. One of largest floorpans in community. Wood shutters throughout. Large wrap around private patio with pavers and mature landscaping. Community offers 5 acre lake with scenic walking path and paddle boats, alongside 15 pools, 16 spas, a well-appointed fitness room and tennis and pickleball courts - all crowned by an inviting clubhouse. Gated entrance with staff 24/7. HOA maintains all the amenities, the common area, front yard, roofs, exterior walls and 24 hour security. This neighborhood is the place to be if you are looking for a welcoming, friendly, active neighborhood. Sit on your patio and enjoy privacy and desert views. This floorpan is the perfect place for you to relax and call home. Close to shopping, dining, golf courses and restaurants. Recent upgrades: New hot water tank. New Refrigerator. Roof 2 years old. Exterior paint 3 years old. A/C condenser 4 years old. Lease expires in mid 2026.

Nearby schools

6/10
Harry S. Truman Elementary School
Public,•K-5•0.8mi
5/10
John Adams Elementary School
Public,•K-5•1.2mi
5/10
La Quinta Middle School
Public,•6-8•0.9mi
6/10
La Quinta High School
Public,•9-12•1.5mi

Price History

Date
Event
Price
08/23/25
Price Change
$470,000
03/28/25
Listing
$495,000
Condition Rating
Fair
Built in 1984, this property is well-maintained with recent updates to major systems including a 2-year-old roof, 4-year-old A/C condenser, new hot water tank, and new refrigerator. The interior has new paint. However, the kitchen, while featuring granite countertops, has dated cabinets and an older built-in oven. The bathrooms are significantly outdated with gold/brass fixtures, original-style tiles, and mirrored closet doors, reflecting a style from 30+ years ago. The tile flooring throughout is clean but not contemporary. The home is functional and move-in ready but requires substantial cosmetic updates to modernize its aesthetic.
Pros & Cons

Pros

Strong Investment Opportunity: Currently leased with a long-term tenant paying $2,950/month and a solid 4.6% Cap Rate, providing immediate and stable rental income.
Exceptional Community Amenities & HOA Coverage: Situated in the premier, gated Laguna De La Paz community, offering a 5-acre lake, 15 pools, 16 spas, fitness center, tennis/pickleball courts, and a clubhouse. The HOA covers extensive maintenance including common areas, front yard, roofs, exterior walls, and 24/7 security.
Recent Major System Upgrades: Significant recent investments include a new hot water tank, new refrigerator, roof (2 years old), exterior paint (3 years old), and A/C condenser (4 years old), reducing immediate maintenance concerns.
Spacious & Well-Maintained Home with Private Outdoor Living: A large, single-level detached home featuring an open layout, new paint, two fireplaces, wood shutters, and one of the community's largest floorplans, complemented by a private, wrap-around patio with pavers and mature landscaping, offering desert and mountain views.
Prime La Quinta Location: Conveniently located near shopping, dining, golf courses, and restaurants, enhancing lifestyle and potential for appreciation.

Cons

Tenant Occupancy & Lease Commitment: The property is tenant-occupied with a lease extending until mid-2026, which may deter buyers seeking immediate owner-occupancy or those looking for flexibility in property use.
High Monthly Association Fees: A substantial monthly HOA fee of $730 adds a significant recurring cost, potentially impacting affordability and net investment yield.
Pricing Above Market Estimate: Despite a recent price reduction, the current list price of $470,000 is 8% above the estimated market value of $428,611, suggesting it may be overvalued and could face further negotiation or require a longer market time.

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