Two-Bedroom 55+ Gated Mobile
For Sale
$318,000
133 Sage Dr, Palm Springs, CA 92264
Remodeled two-bedroom, two-bath home with energy-efficient windows, quartz counters, and a private patio on the green belt.
Property Size1,464 SF
Price / SF$217.21
Days on Market62
Property Features for 133 Sage Dr
General Information
Standard status
Active
Size
1,464 SF
Property subtype
Manufactured In Park
Amenities
two pools
spa
two tennis courts
saunas
fitness center
clubhouse
library
billiards/game room
large auditorium
Listing Agency:
Showcase Homes, Inc.
(760) 568-2233
Listed By:
Michelle Gareis · License #01761484
(760) 391-2603
Source:
Exprealty
Added: Jul 11
Changed: Sep 8
Last Checked: Sep 9 at 7:48AM
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 Showcase Homes, Inc.
Investment Insights
Based on property information with market context.
Welcome to El Dorado Palms Estates, a 55+ gated community where you own the land. This remodeled two-bedroom, two-bath home is move-in ready, with an open living and dining area designed for everyday comfort and entertaining. The bright floor plan includes newly installed energy-efficient windows and an updated kitchen featuring stainless steel appliances, quartz countertops, custom cabinets, and a gas range. Both baths feature quartz countertops, including a spacious primary bath and a guest bath.
Outside, enjoy a private outdoor patio on the green belt, plus covered parking and additional storage. The community offers resort-style amenities including two pools, a spa, two tennis courts, saunas, a fitness center, clubhouse, library, billiards/game room, and a large auditorium with an active social calendar.
Conveniently located in the heart of Palm Springs, the home is within walking distance of Trader Joe’s, Target, Starbucks, and restaurants, and about 3.9 miles from Palm Springs International Airport.
Outside, enjoy a private outdoor patio on the green belt, plus covered parking and additional storage. The community offers resort-style amenities including two pools, a spa, two tennis courts, saunas, a fitness center, clubhouse, library, billiards/game room, and a large auditorium with an active social calendar.
Conveniently located in the heart of Palm Springs, the home is within walking distance of Trader Joe’s, Target, Starbucks, and restaurants, and about 3.9 miles from Palm Springs International Airport.
Key Highlights
- 55+ gated community where you own the land
- Remodeled two‑bedroom, two‑bath with open living and dining area
- Newly installed energy‑efficient windows
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
$23,697
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
7.45%
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%
$473,940
$473.9K
Cap Rate 7%
$338,529
$338.5K
Cap Rate 9%
$263,300
$263.3K
Market Conditions
NOI Build-Up for 1,464 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
$43.9K $30.00/SF
− Vacancy
−$834 −$0.57/SF
EGI
$43.1K $29.43/SF
− OpEx
−$19.4K −$13.24/SF
NOI
$23.7K $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%
$473,940
Cap Rate 7%
$338,529
Cap Rate 9%
$263,300
Alternative Uses
Best Use
Apartment 5plus
$338.5K
$296.2K – $395.0K
NOI $23,697 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$438.6K
$383.8K – $511.7K
NOI $30,701 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
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Business Placement
Demographics for 92264, CA
19,254
Population
17,518
Households
1.1
Avg Household Size
61
Median Age
48%
College-Educated
94%
High-School Grad
50.9 sq mi
ZIP Area
378
Density / Sq Mi
$75,246
Median Household Income
$46,756
Median Earnings
$1,581
Median Rent
$498,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Remodeled two-bedroom, two-bath home with energy-efficient windows, quartz counters, and a private patio on the green belt.
Where is this mobile home & rv park located?
The property is located at 133 Sage Dr Palm Springs, CA.
What is the asking price?
The asking price for this property is $318,000.
What are key features of this property?
This property features: 55+ gated community where you own the land; Remodeled two‑bedroom, two‑bath with open living and dining area; Newly installed energy‑efficient windows
