500 S Farrell Drive O93

Sold

500 S Farrell Drive O93

Palm Springs CA, 92264

$400,000

$340.43 per sqft

Sold

2 Beds

2 Baths

1,175 sqft

Condo

Built in 1984

Listed by JOSEPH HUELSKAMP with EXP REALTY OF CALIFORNIA INC 888-584-9427

Remodeled Ground Floor Condo in Beautiful Palm Springs, CA! The condo is nearly completely remodeled from top to bottom with new paint, floors,
appliances, kitchen, bathroom fixtures, and comes fully furnished (with right offer). 2 Spacious Bedrooms, 2 Bathrooms, private Laundry and Low HOA! The Association dues include building maintenance, community maintenance, 4 association pools, Tennis, water, Internet, Cable TV, trash, and much
more. You are located in an area of Palm Springs that is close to everything. Minutes to downtown and the airport. This unit is almost 100% occupied during the year generating nearly $4,000 a month income. Pro Rata at $150 a night would easily increase profits to $52,000 annual gross income. The numbers speak for themselves. This would be perfect for an AirBnB portfolio investor, Split-Year owner-user, or simply a perfect retirement home. Expand your rental exposure to include VRBO, Orbitz, Self Sustaining Website, and More! Don't forget this is NOT LEASED LAND! You own it. Perfect if you need a 1031 exchange. Buy this unit and earn immediate income.

IV23036334

MLSⓇ ID

March 3, 2023

Listed

March 23, 2024

Updated

Map

500 S Farrell Drive O93
Palm Springs CA, 92264

Interior Features

Total Stories: 1
Bedrooms: 2 Beds
Bathrooms: 2 Baths
Interior Features: Balcony, Furnished, Laminate Counters, All Bedrooms Down, Bedroom on Main Level, Main Level Primary, Primary Suite
Appliances: Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Disposal, Microwave, Refrigerator, Dryer, Washer
Laundry Description: Washer Hookup, Electric Dryer Hookup, Inside
Floor Description: Tile, Vinyl
Fireplace: Yes
Fireplace Description: None
Cooling: Yes
Cooling Description: Central Air
Heating: Yes
Heating Description: Central

Exterior/Building Features

Lot Size: 0.03 Acres
Lot Features: Near Park
Architectual Style: Custom
Roof: See Remarks
Sewer: Public Sewer, Sewer Tap Paid

School Information

School District: Palm Springs Unified
High School: Palm Springs
Elementary School: Cahuilla

Other Property Details

Area Name: 334 - South End Palm Springs
Days on Market: 43
Association Fee: $450
Association Fee Frequency: Monthly
Association Amenities: Golf Course, Meeting/Banquet/Party Room, Outdoor Cooking Area, Picnic Area, Pickleball, Pool, Spa/Hot Tub, Tennis Court(s), Trash, Water
Garage: No
Parking: Assigned
Parking Total: 1
View: Yes
View Description: Hills, Mountain(s)
County: Riverside
Water Source: Public
Pool: No
Pool Features: Association
Zoning: RGA
Buyer Agency Compensation: 2.5%

Listing History

Date	Event	Price
5/18/2023	Sold	$400,000
5/8/2023	Price Change	$400,000 -5%
5/8/2023	Unknown	—
4/15/2023	Pending	—

Listing Contact: 888-584-9427

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/23/2024 at 1:16 AM UTC