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155 W Hermosa Place 3 — Palm Springs — 1 Bed • 1 Bath • 756 Sq Ft | Belmont Brokerage | Belmont Brokerage

Active

+36 more

$435,000

14 DOM

$575/sqft1 bd1 ba756 sqftHOA ~541/mo

Call

155 W Hermosa Pl 3 Palm Springs, CA 92262

436sqft lot

Price Reduction - Unique 1 bed / 1 bath (756 sq. ft) condo located in the mid-century modern complex Villa Hermosa. This historically significant condominium designed by legendary architect Albert Frey, is in the Old Las Palmas neighborhood right in the heart of downtown Palm Springs. Originally built in 1947 as an iconic hotel. In 2003, it was converted into a collection of modern condominiums, preserving its architectural legacy. Bottom level unit and one of the best locations, offering wonderful natural light and lovely views. Open floor plan with large living room and cute patio. Villa Hermosa is a unique investment opportunity with the HOA allowing short-term rentals. Whether seeking a weekend getaway, full-time residence, or rental income. One is walking distance to world-class shopping, art galleries, dining, and entertainment. This property offers a piece of mid-century architectural brilliance and at the same time the opportunity to put your own signature on it. The AC unit is a just a few years old. Call listing agent (760) 413-6595 for viewing appointment at 155 West Hermosa Unit # 3 or additional questions.

MLS 219145601DA

(760) 621-0395 (Office) (760) 413-6595 (Cell) mark@reranchomirage.com

Est. payment

$3,321/mo

Principal & interestTaxesInsuranceHOA

$2,200$453$127$541

Down %

Rate %

Years

Down payment: $87,000 · Total cost: $878,855

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$3,321/mo

Principal & interest: $2,200
Est. property tax: $453
Est. insurance: $127
HOA (normalized / mo): $541
Down payment: $87,000

Est. gross rent$1,813/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-1,508/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.

Price History

Event	Date	Price	Change
Listed	Mar 31, 2026	$449,000	—

Facts & Features

Transaction Data

▼Price Reduced from $449,000 (−$14,000)

HOA Fee$541/monthly

Structure & Property

Year Built2003

Garage Spaces1

(760) 621-0395 (Office) (760) 413-6595 (Cell) mark@reranchomirage.com

Sale & Tax History

No Recent Sales History

We didn't find any closed transactions for this property in the last 5 years.

Location

155 W Hermosa Place 3, Palm Springs, CA 92262

Get Directions

Call

155 W Hermosa Pl 3 Palm Springs, CA 92262

About this home

Mark Pariser

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Structure & Property

Mark Pariser

Sale & Tax History

No Recent Sales History

Location

Location

Listing Agent

Presented by Belmont Brokerage Inc.

155 W Hermosa Place 3, Palm Springs, CA 92262

About This Property

Property Photos

155 W Hermosa Pl 3 Palm Springs, CA 92262

About this home

Mark Pariser

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Structure & Property

Mark Pariser

Sale & Tax History

No Recent Sales History

Location

Location

Listing Agent

Presented by Belmont Brokerage Inc.