Perfect investor opportunity! Well-located just minutes from downtown Palm Springs, this inviting mountain-view POOL home offers 3 bedrooms and 2 bathrooms, plus a converted fourth bedroom currently used as additional living space, providing flexible living options. The remodeled kitchen features granite countertops, a large center island with waterfall granite, and an open layout that works well for everyday living and entertaining. Two updated bathrooms add to the home’s appeal, while a bit of TLC and finishing touches will make it feel nearly brand new. Additional highlights include a pool and spa with a working heater, leased solar panels, and a newer Lennox HVAC system. Low-maintenance desert landscaping in both the front and backyard, and a newer storage shed. Close proximity to downtown shopping, dining, and entertainment! This home offers a strong investment opportunity, with key upgrades already completed and strong potential in a desirable Palm Springs location. Owner-occupied. Please do not disturb.
Single-familyProperty Type
1979Year Built
10,018 sq ftLot Size
$470Est. Price/Sq.Ft.
2 car garageParking
Listed by Corine Peralta•DRE #02238230• Phillips & Company
Perfect investor opportunity! Well-located just minutes from downtown Palm Springs, this inviting mountain-view POOL home offers 3 bedrooms and 2 bathrooms, plus a converted fourth bedroom currently used as additional living space, providing flexible living options. The remodeled kitchen features granite countertops, a large center island with waterfall granite, and an open layout that works well for everyday living and entertaining. Two updated bathrooms add to the home's appeal, while a bit of TLC and finishing touches will make it feel nearly brand new. Additional highlights include a pool and spa with a working heater, leased solar panels, and a newer Lennox HVAC system. Low-maintenance desert landscaping in both the front and backyard, and a newer storage shed. Close proximity to downtown shopping, dining, and entertainment! This home offers a strong investment opportunity, with key upgrades already completed and strong potential in a desirable Palm Springs location. Owner-occupied. Please do not disturb.
CRMLS #I09015056
Aug 5, 2009
Sold
$142,900
$108/sq ft
May 29, 2009
Listing Removed
—
Mar 13, 2009
Price Changed
$142,500
$108/sq ft
Feb 5, 2009
Listed
$150,000
$114/sq ft
BANK OWNED - REO PROPERTY - SOLD AS IS WITHOUOT REPAIR OR WARRANTY. Nice home in Palm Springs just north of the airport.
Public Records
Jul 22, 2004
Sold
$290,000
$220/sq ft
GPSMLS #21181096
Jun 25, 2004
Listing Removed
—
Apr 25, 2004
Listed
$289,900
$220/sq ft
Public Records
Nov 27, 1990
Sold
$49,500
$38/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,945 (−1.0%)
$46,102 + $138,336
$184,438
2024
$2,974 (+0.8%)
$46,102 + $138,336
$184,438
2023
$2,950 (+2.4%)
$45,199 + $135,624
$180,823
2022
$2,880 (+2.5%)
$44,313 + $132,965
$177,278
2021
$2,809 (+7.4%)
$43,445 + $130,358
$173,803
2020
$2,615 (−1.1%)
$42,594 + $127,802
$170,396
2019
$2,644 (+1.6%)
$42,158 + $126,492
$168,650
2018
$2,604 (+1.7%)
$41,332 + $124,012
$165,344
2017
$2,561 (+2.8%)
$39,729 + $119,197
$158,926
2016
$2,492 (+4.2%)
$39,729 + $119,197
$158,926
2015
$2,391
$38,950 + $116,860
$155,810
2014
$2,389 (−0.4%)
$37,615 + $112,851
$150,466
2013
$2,399 (+11.9%)
$37,615 + $112,851
$150,466
2012
$2,143 (−2.6%)
$37,446 + $112,342
$149,788
2011
$2,201 (+0.3%)
$34,000 + $102,000
$136,000
2010
$2,195 (−31.4%)
$35,993 + $107,981
$143,974
2009
$3,200 (−21.2%)
$35,725 + $107,175
$142,900
2008
$4,062
$47,000 + $202,000
$249,000
Tax history for 2940 N Cypress Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,945 (−1.0%)
$46,102 + $138,336
$184,438
2024
$2,974 (+0.8%)
$46,102 + $138,336
$184,438
2023
$2,950 (+2.4%)
$45,199 + $135,624
$180,823
2022
$2,880 (+2.5%)
$44,313 + $132,965
$177,278
2021
$2,809 (+7.4%)
$43,445 + $130,358
$173,803
2020
$2,615 (−1.1%)
$42,594 + $127,802
$170,396
2019
$2,644 (+1.6%)
$42,158 + $126,492
$168,650
2018
$2,604 (+1.7%)
$41,332 + $124,012
$165,344
2017
$2,561 (+2.8%)
$39,729 + $119,197
$158,926
2016
$2,492 (+4.2%)
$39,729 + $119,197
$158,926
2015
$2,391
$38,950 + $116,860
$155,810
2014
$2,389 (−0.4%)
$37,615 + $112,851
$150,466
2013
$2,399 (+11.9%)
$37,615 + $112,851
$150,466
2012
$2,143 (−2.6%)
$37,446 + $112,342
$149,788
2011
$2,201 (+0.3%)
$34,000 + $102,000
$136,000
2010
$2,195 (−31.4%)
$35,993 + $107,981
$143,974
2009
$3,200 (−21.2%)
$35,725 + $107,175
$142,900
2008
$4,062
$47,000 + $202,000
$249,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
4
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
10,019 Sq. Ft.
Year renovated
1979
Sq. Ft.
1,320
Year built
1979
Style
Single Family Residential
County
Riverside County
APN
501212014
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 7, 2026.
R1C
Single-Family Residential Zone
Established to provide a variety of low-density housing types and neighborhoods. Development standards are designed to provide protection and enhancement of the natural and urban setting consistent with the goals of the general plan.
Permitted uses
Include but are not limited to:
Day care facility
Housing-Single unit
Housing-Other
Property details
Parking
Parking/Garage Information
# of Parking Spaces Total: 2
Has Garage
Has Attached Garage
# of Garage Spaces: 2
Parking Features: Attached
Interior
Virtual Tour
Bedroom Information
# of Bedrooms Possible: 3
Bathroom Information
# of Full Bathrooms: 2
Heating & Cooling
Has Cooling
Cooling: Central Air
Has Heating
Heating: Forced Air, Electric, Natural Gas
Interior Features
Appliances: Dishwasher, Disposal, Microwave, Convection Oven, Gas Oven, Gas Range, Gas Cooktop
Exterior
Exterior Features
Fencing: Block
Roof: Asphalt, Shingle
Pool Information
Has Private Pool
Pool Features: Private, Heated, In Ground
Has Spa/Hot Tub
Building Information
Sq. Ft.: 1320.0
# of Stories Total: 1
Construction Materials: Stone, Stucco
Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Raw Mls Property Sub Type: Detached
Lot Information
Lot Size : 7,500-10,889 SF
Lot Size Units: Acres
Utilities
Utility Information
Water Source: Public
Utilities: Sewer Connected
Sewer: Public Sewer
Location
Location Information
Directions: Driving north on Sunrise, turn right on Francis Dr. Left on Cypress Rd. Home is on the right side of the street.
Subdivision Name: Desert Park Estates (33103)
Public facts
Beds: 4
Baths: 2.0
Sq. Ft.: 1,320
Stories: 1.0
Lot Size: 10,019 square feet
Style: Single Family Residential
Year Built: 1979
Year Renovated: 1979
County: Riverside County
APN: 501212014
Home facts updated by county records on Aug 7, 2026
Other
Listing Information
List AOR: San Diego Association of REALTOR
Around this home
Schools
Vista Del Monte Elementary School
Public K-5 • Assigned • 0.9mi
3/10
Raymond Cree Middle School
Public 6-8 • Assigned • 1.1mi
5/10
Palm Springs High School
Public 9-12 • Assigned • 2.7mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
4/10 Flood Factor
Estimated 19-29% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
7 days above 112° expected this year, 20 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
5/10 Air Factor
8 unhealthy days expected this year, 11 days in 30 years
Provided by First Street
Historical weather
Palm Springs, CA • 92262
Average low and high temperatures (°F)
66
50
73
55
79
60
79
60
86
66
96
75
101
80
101
80
91
74
87
68
72
56
71
53
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.8 hours in
June and 7.3 hours in December, placing it above the
U.S. average for solar exposure.
10.8 hrs
7.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$590,000 – $715,000
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