Residential Income Property with
For Sale
$258,000
1241 Via Grande, Cathedral City, CA 92234
Remodeled manufactured residence with private outdoor space, community amenities, and controlled gated access.
Property Size1,152 SF
Price / SF$223.96
Days on Market22
Property Features for 1241 Via Grande
General Information
Standard status
Active
Size
1,152 SF
Total Parking Spaces
5
Property subtype
Manufactured In Park
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
24 hr security entrance gate
clubhouse
community pool
hot tub
tennis court
indoor laundry room
covered large private patio
Building Details
Buildings
1
Construction
manufactured home
Listing Agency:
Windermere Real Estate
(760) 408-7026
Listed By:
Arthur Fleischer · License #01957310
(760) 408-7026
Source:
Exprealty
Added: Aug 10
Changed: Aug 29
Last Checked: Aug 30 at 7:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Windermere Real Estate
Investment Insights
Based on property information with market context.
This 1,152-square-foot manufactured home at 1241 Via Grande features two bedrooms and two bathrooms, including a spacious primary suite with a walk-in closet. Interior improvements include a full 3/4-inch plywood subfloor, 5/8-inch sheetrock throughout the walls and ceiling, custom kitchen cabinetry, high-efficiency windows and doors, custom window blinds, and luxury waterproof vinyl plank flooring. The home also includes an indoor laundry room with a compact office area and a primary bathroom with an open walk-in shower and crystal-clear glass enclosure.
Outdoor features include a covered private patio, a two-car garage, and three additional driveway parking spaces. The kitchen window captures mountain views and includes a custom exterior rolling insulated shutter. Community amenities include a 24-hour security entrance gate, clubhouse, pool, hot tub, tennis court, and park-like grounds.
Outdoor features include a covered private patio, a two-car garage, and three additional driveway parking spaces. The kitchen window captures mountain views and includes a custom exterior rolling insulated shutter. Community amenities include a 24-hour security entrance gate, clubhouse, pool, hot tub, tennis court, and park-like grounds.
Key Highlights
- 1,152 SF manufactured home with 2 bedrooms and 2 bathrooms
- Full 3/4‑inch plywood subfloor and 5/8‑inch sheetrock on walls and ceiling
- Custom kitchen cabinets, high‑efficiency windows and doors, and waterproof vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,647
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$372,940
$372.9K
Cap Rate 7%
$266,386
$266.4K
Cap Rate 9%
$207,189
$207.2K
Market Conditions
NOI Build-Up for 1,152 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$34.6K $30.00/SF
− Vacancy
−$657 −$0.57/SF
EGI
$33.9K $29.43/SF
− OpEx
−$15.3K −$13.24/SF
NOI
$18.6K $16.19/SF
Area
Riverside County, CA
Vacancy
1.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$372,940
Cap Rate 7%
$266,386
Cap Rate 9%
$207,189
Alternative Uses
Best Use
Apartment 5plus
$266.4K
$233.1K – $310.8K
NOI $18,647 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$345.1K
$302.0K – $402.6K
NOI $24,158 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
661
Businesses Nearby
Explore this area
Business Placement
Demographics for 92234, CA
51,509
Population
23,114
Households
2.2
Avg Household Size
42
Median Age
26%
College-Educated
81%
High-School Grad
14.8 sq mi
ZIP Area
3,480
Density / Sq Mi
$67,031
Median Household Income
$34,895
Median Earnings
$1,554
Median Rent
$420,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Remodeled manufactured residence with private outdoor space, community amenities, and controlled gated access.
Where is this residential income property located?
The property is located at 1241 Via Grande Cathedral City, CA.
What is the asking price?
The asking price for this property is $258,000.
What are key features of this property?
This property features: 1,152 SF manufactured home with 2 bedrooms and 2 bathrooms; Full 3/4‑inch plywood subfloor and 5/8‑inch sheetrock on walls and ceiling; Custom kitchen cabinets, high‑efficiency windows and doors, and waterproof vinyl plank flooring
