Remodeled Mobile
For Sale
$134,900
31 Black Hawk Street, Palm Springs, CA 92264
Updated one-bedroom residence with private fenced outdoor space, covered parking, and access to community recreation amenities.
Property Size624 SF
Price / SF$216.19
Days on Market40
Property Features for 31 Black Hawk Street
General Information
Standard status
Active
Size
624 SF
Property subtype
ManufacturedInPark
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Amenities
swimming pool
spa
clubhouse
fitness center
library
shuffleboard courts
fenced yard
storage shed
covered carport
Building Details
Year Built
1979
Buildings
1
Listing Agency:
Thomas Masters, Broker
(760) 275-5906
Listed By:
Thomas Masters
(760) 275-5906
Source:
Realtyrightchoice
Added: Jul 24
Changed: Aug 30
Last Checked: Aug 31 at 5:02PM
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 Thomas Masters, Broker
Investment Insights
Based on property information with market context.
Located at 31 Black Hawk Street in Palm Springs, this 624-square-foot 1979 Fleetwood Crownpoint mobile home offers one bedroom and one bathroom. The interior has been updated with wood-look plank flooring, fresh paint, replacement kitchen cabinetry, refreshed kitchen and bathroom countertops, a remodeled shower, and a newer water heater. Central air conditioning and heating, a refrigerator, microwave, gas range, washer, and dryer are included. Furnishings may remain by agreement.
The home occupies an oversized lot with no shared walls, off-street parking, a covered carport, and a newly installed white vinyl fence with two gates. A 16' x 6' storage shed provides additional utility and includes washer/dryer hookups.
Ramon Mobile Home Park is a 55+ community with a pool, spa, clubhouse, fitness center, library, and shuffleboard courts. The property is near Ralphs Shopping Center, less than one mile from downtown Palm Springs, and approximately three miles from Palm Springs International Airport.
The home occupies an oversized lot with no shared walls, off-street parking, a covered carport, and a newly installed white vinyl fence with two gates. A 16' x 6' storage shed provides additional utility and includes washer/dryer hookups.
Ramon Mobile Home Park is a 55+ community with a pool, spa, clubhouse, fitness center, library, and shuffleboard courts. The property is near Ralphs Shopping Center, less than one mile from downtown Palm Springs, and approximately three miles from Palm Springs International Airport.
Key Highlights
- 624 SF 1979 Fleetwood Crownpoint home with 1 bedroom and 1 bathroom
- Updated interior with new flooring, paint, kitchen cabinetry, countertops, shower, and water heater
- Oversized lot with no shared walls, fenced yard, two gates, and off‑street parking
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
$10,100
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
7.49%
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%
$202,000
$202.0K
Cap Rate 7%
$144,286
$144.3K
Cap Rate 9%
$112,222
$112.2K
Market Conditions
NOI Build-Up for 624 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
$18.7K $30.00/SF
− Vacancy
−$356 −$0.57/SF
EGI
$18.4K $29.43/SF
− OpEx
−$8.3K −$13.24/SF
NOI
$10.1K $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%
$202,000
Cap Rate 7%
$144,286
Cap Rate 9%
$112,222
Alternative Uses
Best Use
Apartment 5plus
$144.3K
$126.3K – $168.3K
NOI $10,100 @ 7.0% cap · market cap 7.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$186.9K
$163.6K – $218.1K
NOI $13,086 @ 7.0% cap · market cap 9.70%
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
1,093
Businesses Nearby
Explore this area
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
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 - Updated one-bedroom residence with private fenced outdoor space, covered parking, and access to community recreation amenities.
Where is this mobile home & rv park located?
The property is located at 31 Black Hawk Street Palm Springs, CA.
What is the asking price?
The asking price for this property is $134,900.
What are key features of this property?
This property features: 624 SF 1979 Fleetwood Crownpoint home with 1 bedroom and 1 bathroom; Updated interior with new flooring, paint, kitchen cabinetry, countertops, shower, and water heater; Oversized lot with no shared walls, fenced yard, two gates, and off‑street parking
