Licensed Board-and-Care
31837 Avenida Alvera, Cathedral City, CA 92234
For Sale
New
$749,950
A licensed care property with a private pool, fire pit, and residential improvements built to code.
Property Size2,045 SF
Lot Size0.18 Acres
Price / SF$366.72
Days on Market4
Property Features for 31837 Avenida Alvera
General Information
Standard status
Size
Lot size
Property subtype
Amenities
central air conditioning and heating
private pool
fire pit
Building Details
Year Built
Listing Agency:
PINNACLE ESTATE PROPERTIES
(818) 993-7370
Listed By:
MILENA BAGDASARYAN · License CA #01881037
Source:
Corcoran
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:16PM
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 PINNACLE ESTATE PROPERTIES
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Investment Insights
Based on property information with market context.
This licensed board-and-care residence includes a four-bedroom, three-bathroom layout with 2,045 square feet of interior space. The home was built in 2018, and construction is reported to comply with code. A private pool and fire pit provide outdoor features on the 7,840-square-foot lot.
Key Highlights
- Licensed board‑and‑care property
- Four bedrooms and three bathrooms across 2,045 square feet
- Built in 2018; construction completed to code
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,101
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,020
$662.0K
Cap Rate 7%
$472,871
$472.9K
Cap Rate 9%
$367,789
$367.8K
Market Conditions
NOI Build-Up for 2,045 SF
Gross rent
$61.4K $30.00/SF
− Vacancy
−$1.2K −$0.57/SF
EGI
$60.2K $29.43/SF
− OpEx
−$27.1K −$13.24/SF
NOI
$33.1K $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 Rate 5%
$662,020
Cap Rate 7%
$472,871
Cap Rate 9%
$367,789
Alternative Uses
Best Use
Apartment 5plus
$472.9K
$413.8K – $551.7K
NOI $33,101 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$612.6K
$536.1K – $714.8K
NOI $42,885 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
Under-served
Demand for This Use
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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
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Frequently Asked Questions
What type of property is this?
Assisted living facility - A licensed care property with a private pool, fire pit, and residential improvements built to code.
Where is this assisted living facility located?
The property is located at 31837 Avenida Alvera Cathedral City, CA.
What is the asking price?
The asking price for this property is $749,950.
What are key features of this property?
This property features: Licensed board‑and‑care property; Four bedrooms and three bathrooms across 2,045 square feet; Built in 2018; construction completed to code
