Residential Income
32261 Merion Drive Thousand Palms, CA 92276
32261 Merion Drive, Thousand Palms, CA, 92276
$169,000
For Sale
$169,000
Residential income property for sale in Riverside County, listed at 32261 Merion Drive in Thousand Palms, CA.
Property Size960 SF
Price / SF$176.04
Days on Market95
Property Features for 32261 Merion Drive
General Information
- Standard status
- Active
- Size
- 960 SF
- Property subtype
- Manufactured In Park
Building Details
- Year Built
- 1978
Listing agency
HomeSmart Professionals
(760) 610-4039
Listed by
Jacqueline C Bone · License #01813012
(760) 610-4039
Source
Evrealestate
Added: Apr 20 Updated: Jul 22 at 8:12AM Checked: Jul 22 at 8:12AM
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 HomeSmart Professionals
Investment Insights
Based on property information with market context.
This property, offered for sale, is marketed under multiple categories including mobile home & RV parks, multifamily properties, and residential income properties. Based on the available information, it is listed with a property size of 960 and an asking price of $169,000.
The address is 32261 Merion Drive, Thousand Palms, CA 92276, within Riverside County.
Further details on unit configuration, building layout, or improvements are not provided in the available record, so prospective buyers and brokers should confirm specifics during due diligence.
The address is 32261 Merion Drive, Thousand Palms, CA 92276, within Riverside County.
Further details on unit configuration, building layout, or improvements are not provided in the available record, so prospective buyers and brokers should confirm specifics during due diligence.
Key Highlights
- Residential income property in Thousand Palms, CA at 32261 Merion Drive (Riverside County)
- Year built: 1978
- Central air plus evaporative cooling
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.8k | $30.00 |
| − Vacancy | −$547 | −$0.57 |
| EGI | $28.3k | $29.43 |
| − OpEx | −$12.7k | −$13.24 |
| NOI | $15.5k | $16.19 |
960 SF · lease $30.00/SF/yr · vacancy 1.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$222.0K
$194.2K – $259.0K
NOI $15,539 @ 7.0% cap · market cap 9.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$287.6K
$251.7K – $335.5K
NOI $20,132 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Similar For Sale Nearby
FAQs
What type of property is this?
Mobile home & RV park - Residential income property for sale in Riverside County, listed at 32261 Merion Drive in Thousand Palms, CA.
Where is this mobile home & rv park located?
The property is located at 32261 Merion Drive Thousand Palms, CA.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Residential income property in Thousand Palms, CA at 32261 Merion Drive (Riverside County); Year built: 1978; Central air plus evaporative cooling
