1441 Lorena Way
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 28, 2025 | Listed | $1,400,000 | |
| Listed | |||
| | |||
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OPPORTUNITY AWAITS! This home is currently being used a successful STR. This stunningly updated 4-bedroom (includes detached casita), 3.5-bath home offers the ideal blend of luxury, comfort, and Palm Springs charm. Located just minutes from the vibrant downtown district, this expansive property is perfect as a full-time residence, second home, or investment opportunity. Step inside to an open-concept living space featuring high ceilings, a beautifully appointed kitchen with modern finishes, and multiple areas for entertaining. The heart of the home includes a chef's kitchen with extensive cabinetry, high-end small appliances, and a large center island perfect for gatherings. The spacious living and dining areas flow seamlessly into the backyard, creating an indoor-outdoor experience that defines Palm Springs lifestyle . The home offers four generously sized bedrooms all currently furnished with king beds and smart TVs plus a converted office/bonus room that functions as a fifth bedroom. The primary suite features direct backyard access, a luxurious en-suite bath with soaking tub and separate shower, and a designated workspace. One of the bedrooms is a detached casita with its own entrance, full en-suite bath, and office nook. Outside, enjoy your own private resort-style retreat with a sparkling pool and spa, breathtaking mountain views, a fire pit conversation area, sun loungers, and a covered patio with al fresco dining. Additional features include: Bonus room with double door entry. Three full bathrooms plus powder room. Dedicated laundry room and attached garage. Ample storage and closet space throughout. Fully furnished and Turnkey-ready for short-term rental or move-in. Don't miss the opportunity to own this beautifully maintained and highly functional desert escape in one of Palm Springs' most sought-after locations. Sold as is - buyer to verify all permits and records.
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| May 20, 2022 | Sold | ||
| Sold | |||
| Mar 11, 2022 | Listed by Keller Williams Realty | $1,525,000 | |
| Listed by Keller Williams Realty | |||
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About Vista Norte
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017