ActiveResidential · sale

1391 E Gem Circle

Palm Springs, CA 92262

$619,000

  • 3 beds
  • 2 baths
  • 1,258 sq ft
  • 0.22 acres
  • Built 1982

Listed by Compass · MLS #219148398PS

1391 E Gem Circle, Palm Springs, CA 92262 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1982.

Garage parking

1 garage spaces listed.

Property size

0.22 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Tucked away on a quiet culdesac in desirable Victoria Park this beautifully maintained Palm Springs home offers the perfect blend of comfort style and effortless desert living Set against panoramic mountain views with no obstructing power lines the expansive backyard is a true entertainers retreat featuring a large pool spacious patio areas and serene desert surroundingsA spacious front courtyard welcomes you into an airy openconcept living space highlighted by vaulted ceilings abundant natural light and a cozy fireplace The thoughtfully designed kitchen offers generous cabinetry a pantry and a convenient breakfast bar ideal for casual dining and entertaining Tile flooring extends throughout the entire home adding both style and easy maintenanceThe spacious primary suite easily accommodates a kingsized bed and features direct access to the sparkling pool and outdoor living spaces Two additional guest bedrooms share a centrally located bathroom providing comfort and privacy for family or visitors Updated dualpane windows and sliding doors enhance energy efficiency throughout the home Designed for lowmaintenance desert living the property showcases mature desert landscaping fruit trees native droughttolerant plants and irrigation systems An attached onecar garage includes a washer and dryer for added convenience Located in a highly desirable neighborhood that permits shortterm vacation rentals this home is just minutes from downtown Palm Springs shopping dining and entertainment Offered furnished with quality furnishings and beds the property is truly movein or rental ready complete with kitchenware dishware bakeware linens and bedding Whether youre searching for the perfect Palm Springs starter home vacation getaway or incomeproducing investment property this exceptional residence checks every box
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THE NEIGHBORHOOD

Explore the location.

1391 E Gem Circle, Palm Springs, CA 92262

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1982
Full baths
2
Half baths
0
Garage spaces
1
Cooling
CentralAir
Heating
Central
Appliances
Dishwasher,GasCooktop,Disposal,GasWaterHeater,Microwave,Refrigerator
Flooring
Tile
Fencing
Block
Pool
Yes
Pool features
ElectricHeat,InGround,Private
Spa
No
Subdivision
Victoria Park/Vista Norte
Parcel
009608127

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$2,579.17
Cap rate—

Annual operating income: —

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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1391 E Gem Circle, Palm Springs, CA 92262 · MLS #219148398PS

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Listing information

MLS #219148398PS · California Regional MLS

Listing brokerage: Compass
Listing agent: David Whitworth

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.