Single-Wide Mobile Home in 55+
For Sale
$95,000
23-69333 E Palm Canyon Dr, Cathedral City, CA 92234
Single-wide 1 bed, 1 bath mobile home in a 55+ gated community with covered deck and parking.
Property Size396 SF
Price / SF$239.90
Days on Market183
Property Features for 23-69333 E Palm Canyon Dr
General Information
Standard status
Active
Size
396 SF
Property subtype
Manufactured In Park
Building Details
Year Built
1986
Listing Agency:
GEN23 Real Estate
(833) 443-6237
Listed By:
Hilda Del Castillo
(909) 921-6997
Source:
Exprealty
Added: Mar 8
Changed: Aug 20
Last Checked: Sep 7 at 1:54PM
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 GEN23 Real Estate
Investment Insights
Based on property information with market context.
Sungate Country presents a well-maintained single-wide mobile home manufactured in 1986. The home includes 1 bedroom and 1 bathroom with a full tub, along with an open-concept kitchen and living area designed to bring in natural light. A spacious covered deck provides an outdoor space to relax or entertain. Covered parking is available for one vehicle.
The property is located directly across from the community pool, with convenient guest parking nearby. Sungate Country is a gated 55+ community with resort-style amenities including swimming pools, a spa, a clubhouse, and scenic walking paths.
Convenient access to the Coachella Valley area is supported by the community’s location just off Highway 111. The home is offered furnished or unfurnished.
The property is located directly across from the community pool, with convenient guest parking nearby. Sungate Country is a gated 55+ community with resort-style amenities including swimming pools, a spa, a clubhouse, and scenic walking paths.
Convenient access to the Coachella Valley area is supported by the community’s location just off Highway 111. The home is offered furnished or unfurnished.
Key Highlights
- 55+ gated community in Cathedral City (Sungate Country) with resort‑style amenities including swimming pools, spa, clubhouse, and walking paths
- 1986 CASAR 42T single‑wide mobile home with 1 bed and 1 bath
- Open‑concept kitchen and living area with natural light
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
$6,410
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
6.75%
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%
$128,200
$128.2K
Cap Rate 7%
$91,571
$91.6K
Cap Rate 9%
$71,222
$71.2K
Market Conditions
NOI Build-Up for 396 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
$11.9K $30.00/SF
− Vacancy
−$226 −$0.57/SF
EGI
$11.7K $29.43/SF
− OpEx
−$5.2K −$13.24/SF
NOI
$6.4K $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%
$128,200
Cap Rate 7%
$91,571
Cap Rate 9%
$71,222
Alternative Uses
Best Use
Apartment 5plus
$91.6K
$80.1K – $106.8K
NOI $6,410 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$118.6K
$103.8K – $138.4K
NOI $8,304 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
385
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Single-wide 1 bed, 1 bath mobile home in a 55+ gated community with covered deck and parking.
Where is this mobile home & rv park located?
The property is located at 23-69333 E Palm Canyon Dr Cathedral City, CA.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: 55+ gated community in Cathedral City (Sungate Country) with resort‑style amenities including swimming pools, spa, clubhouse, and walking paths; 1986 CASAR 42T single‑wide mobile home with 1 bed and 1 bath; Open‑concept kitchen and living area with natural light
