155 W Hermosa Pl Unit 3, Palm Springs, CA, 92262
About This Home
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.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Fixer,Repairs Cosmetic
- Year built: 2003
Type & Style
- Home type: Condo
- Architectural style: Modern
- Property subType: Condominium
Interior
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Features
- Flooring: Laminate
Heating
- Heating features: Central,Natural Gas
Interior Area
- Total interior livable area: 756 sqft
Property
Details
- Parcel number: 505266003
- Attached to another structure: Yes
- Special condition: Standard
Features
- Has view: Yes
- View description: City Lights
Lot
- Lot size: 436 sqft
- Features: Drip Irrigation/Bubblers
Parking
- Total spaces: 2
- Parking features: Assigned
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 2
- Carport: Yes
- Carport spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Wildfire
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Riverside County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,795 | $21,540 |
| Home Insurance * | $90 | $1,080 |
| Property Taxes | $356 | $4,272 |
| Electricity | $398 | $4,786 |
| Total | $2,639 | $31,668 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-13 | Contingent | $435,000 |
| 2026-04-14 | Price change | $435,000 |
| 2026-03-31 | Listed for sale | $449,000 |
| 2007-05-22 | Sold | $259,000 |
| 2006-05-31 | Sold | $269,000 |
| 2005-02-25 | Sold | $235,000 |
| 2004-02-26 | Sold | $175,000 |
View on Zillow