Corner-Lot Residential Income
For Sale
$99,000
178-84136 Avenue 44, Indio, CA 92201
Park model residence with upgraded comfort features, private outdoor storage, and extended concrete parking for a golf cart.
Property Size400 SF
Price / SF$247.50
Days on Market126
Property Features for 178-84136 Avenue 44
General Information
Standard status
Active
Size
400 SF
Property subtype
Manufactured In Park
Additional Details
Multifamily Units
1
Amenities
golf
fitness center
pickleball courts
tennis courts
pools
spas
bocce ball
billiards
horseshoe pit
clubhouses
guard gated entrance
security patrols
Listing Agency:
C 21 Coachella Valley RE
(760) 899-0689
Listed By:
Sondra Bittner · License #02143777
(760) 899-0689
Source:
Exprealty
Added: Apr 30
Changed: Aug 31
Last Checked: Sep 2 at 1:57AM
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 C 21 Coachella Valley RE
Investment Insights
Based on property information with market context.
This residential income property is a park model residence positioned on a corner lot within Rancho Casa Blanca. The home includes a newer A/C system, oversized ceiling fans, and additional ceiling fans throughout. A separate shed provides laundry facilities, while the kitchen is arranged around a glass dining table that seats four. Extended concrete parking accommodates a golf cart.
Community amenities include year-round golf, fitness facilities, pickleball and tennis courts, pools, spas, bocce ball, billiards, and a horseshoe pit. More than 60 clubs and classes, two clubhouses, four satellite buildings, and a full event calendar support an active community setting. The property is located at 178-84136 Avenue 44 in Indio, California, with a guard-gated entrance, security patrols, and golf cart-friendly access.
Community amenities include year-round golf, fitness facilities, pickleball and tennis courts, pools, spas, bocce ball, billiards, and a horseshoe pit. More than 60 clubs and classes, two clubhouses, four satellite buildings, and a full event calendar support an active community setting. The property is located at 178-84136 Avenue 44 in Indio, California, with a guard-gated entrance, security patrols, and golf cart-friendly access.
Key Highlights
- Corner‑lot park model residence in Rancho Casa Blanca
- Newer A/C system plus oversized and additional ceiling fans
- Separate shed includes laundry facilities
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
$6,475
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
6.54%
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%
$129,500
$129.5K
Cap Rate 7%
$92,500
$92.5K
Cap Rate 9%
$71,944
$71.9K
Market Conditions
NOI Build-Up for 400 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
$12.0K $30.00/SF
− Vacancy
−$228 −$0.57/SF
EGI
$11.8K $29.43/SF
− OpEx
−$5.3K −$13.24/SF
NOI
$6.5K $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%
$129,500
Cap Rate 7%
$92,500
Cap Rate 9%
$71,944
Alternative Uses
Best Use
Apartment 5plus
$92.5K
$80.9K – $107.9K
NOI $6,475 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$119.8K
$104.9K – $139.8K
NOI $8,388 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
Explore this area
Business Placement
Demographics for 92201, CA
66,989
Population
26,241
Households
2.6
Avg Household Size
35
Median Age
16%
College-Educated
70%
High-School Grad
16.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$66,663
Median Household Income
$35,527
Median Earnings
$1,349
Median Rent
$372,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Park model residence with upgraded comfort features, private outdoor storage, and extended concrete parking for a golf cart.
Where is this residential income property located?
The property is located at 178-84136 Avenue 44 Indio, CA.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: Corner‑lot park model residence in Rancho Casa Blanca; Newer A/C system plus oversized and additional ceiling fans; Separate shed includes laundry facilities
