Vacation Rentals
Long Term Rentals
Sign in
Join Awning
Key Insights
Facts & Features
Awning Analysis
Neighborhood
Schools
Market Statistics
Demographics
1120 E Louise DrivePalm Springs, CA 92262
$1,188,000  
3  Bd
2  Ba
1,452  Sq. Ft.
Like Property
Key Insights
B+
Overall Niche neighborhood grade
This neighborhood is a desirable place to live! See details
NEW
Market Data
B
Overall Niche school grade
The public schools in this area are good! See details

Awning Agent
Andreis Bergeron
Andreis Bergeron
#: Assistant to BK3520130
Andreis is the head of Brokerage Operations at Awning.
Note from Andreis

Furnishing Budget

$5000

The furniture is already included. We've included a $5,000 budget to replace or add additional items


Renovation Cost Estimate

$5,000

Some additional repairs to improve the house's appearance and to ensure the property is rent ready



Highlights

  • The home is located a short distance away from Downtown Palm Springs, Tahquitz Canyon, Palm Springs Aerial Tramway, Museum, Parks, Dining, and Shopping
  • The home is not part of an HOA (no restrictions)
  • The home is not located in a flood zone


Comps

Use our Estimator tool to find great comps: click here

Ask Andreis a question
Response time: typically within an hour
Text or call  415-941-3401

Description
This beautiful Palm Springs Oasis is not just a stunning retreat, it is also an operating short-term rental with 5-star reviews. Short term permits are still available, making it a great investment opportunity. The location is unbeatable, just 0.5 miles from the strip. Everything is included in this turn-key property, from the stylish furniture to the high-end appliances. The property also features a finished garage that doubles as a bonus room, and the backyard is totally private with mature landscaping and magnificent mountain views. Enjoy a large sparkling pool & spa with waterfall, fire-pit, and plenty of space to relax and unwind. Don't miss out on this rare opportunity to own a fully furnished, short-term rental in a prime location.
Read more
Listed by: George Ouzounian · DRE#: Unavailable · The AgencySource: MLS logo crmls · MLS#: SR23042428 · Originating MLS: California Regional MLSAwning last checked: today at 6:35 AM | Last updated 05/23/2023Listing data provided via Home Junction MLS logo

Property Facts & Features
Facts
Units
1
$/SQFT
$861
$/Unit
$1,250,000
Lot size
11,326
Built in
1978
Days on Awning
380

Copyright: Listing Information © 2024 California Regional MLS. All Rights Reserved.Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2023-05-23 20:43:57 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.MLS logo
 
Awning Analysis The following projections are computed using a proprietary formula. It is a starting point in determining the financial potential for a specific property. The analysis is pulled from public property data and similar local properties listed for rent; there may be special features, location, and market conditions our algorithms have not taken into account.
Monthly Estimated Airbnb Revenue
$10,200

NeighborhoodGet to know what living in 92262 is like.
Report Card for 92262Niche grades and rankings are calculated using dozens of public data sets and millions of reviews. Learn more about how Niche calculates these grades.
Overall Grade
B+

Public Schools
B
Commute
B+
Cost of Living
C-
Crime & Safety
B+
Diversity
A
Good for Families
B
Jobs
C+
Walkability
B
Data provided by Niche.

Living in 92262
Bars
A
Coffee Shops
A+
Health & Fitness
A
Nightlife
A
Outdoor Activities
A-
Parks
A-
Restaurants
A+
Weather
A
Data provided by Niche.

Loading....

Schools in 92262
This is based on data from the U.S. Department of Education along reviews from students and parents.
Overall GradeThis home is in an B school district, meaning the public schools in this area are good!
B

Palm Springs High SchoolGrades 9 to 12Serves this home • 3.4 miles away
A-
Academics
B
Teachers
A
Student-Teacher Ratio
23:1
Total Students
1659
Raymond Cree Middle SchoolGrades 6 to 8Serves this home • 0.2 miles away
B-
Academics
B-
Teachers
A
Student-Teacher Ratio
24:1
Total Students
855
Vista Del Monte Elementary SchoolGrades K to 5Serves this home • 0.9 miles away
B-
Academics
B-
Teachers
A
Student-Teacher Ratio
24:1
Total Students
545
Desert Learning AcademyGrades K to 12Serves this home • 3.6 miles away
B
Academics
B-
Teachers
A-
Student-Teacher Ratio
17:1
Total Students
218
Mt. San Jacinto High SchoolGrades 9 to 12Serves this home • 6.1 miles away
C+
Academics
C
Teachers
A-
Student-Teacher Ratio
21:1
Total Students
426
School data provided by Niche.  School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Market StatisticsMarket Statistics are provided directly from Niche, as well as calculated using historical transaction data provided by local governments.
92262 StatsSee how this home compares to the zip code medians.
92262 Median
Home Value
$408,600
Rent
$1,074
Rent-to-Income
24.7%
Income
$52,092
This Home
Listing Price
$1,188,000191% higher than zip
Rent
$6,830536% higher than zip
Rent to Income
157.3%536% higher than zip
Market statistics provided by Niche.

Average Home Price
See how the price of a home in the area has changed over time.
This chart is unavailable due to screen size
in Year 2020
  • 92262
    $783,000
  • County
    $505,000
Average Price / SqFt
See how the price / sqft in the area has changed over time.
This chart is unavailable due to screen size
in Year 2020
  • 92262
    $369
  • County
    $202

Demographics
Learn more about the area's income, population, and employment trends. Data provided by the US Census and the Bureau of Labor Statistics.
Household Income
See how the area’s average household income has changed over time.
This chart is unavailable due to screen size
in Year 2019
  • 92262
    $83k
  • County
    $77k

Population
See how the area’s total population has changed over time.
This chart is unavailable due to screen size
in Year 2020
  • 92262
    27,831
  • Average in County
    35,902

Rent vs Own
See the percentage of homes occupied by owners in the area.
% Owner Occupied for 9226255%
% Owner Occupied for County68%

Employment
See the percentage of adults working white collar jobs in the area.
% White Collar for 9226257%
% White Collar for County56%

Hold Bachelor's Degree
See the percentage of adults who hold at least a bachelor's degree in the area.
9226235%
County22%

Age Distribution 92262
See the distribution of people by age in 92262.
Under 2020%
20 - 4425%
45-6429%
65+27%