Residential Income
For Sale
$237,000
33410 San Lucas Trail, Thousand Palms, CA 92276
For sale residential income property located in Riverside County, listed at $237,000.
Property Size1,344 SF
Price / SF$176.34
Days on Market129
Property Features for 33410 San Lucas Trail
General Information
Standard status
Active
Size
1,344 SF
Total Parking Spaces
3
Property subtype
Manufactured In Park
Amenities
Golf, Pool
Clubhouse, Tennis Court(s), Basketball Court, Billiard Room, Golf Course, Maintenance Grounds, Management, Playground
Ceiling Fan(s), Central Air
Exhaust Fan, Central, Forced Air
Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Oven, Refrigerator, Washer
Built-in Features, Vaulted Ceiling(s), Beamed Ceilings, Open Floorplan
Mountain(s)
Attached Carport, Driveway
Contemporary
Building Details
Building Size
1,344 SF
Year Built
1984
Stories
1
Listing Agency:
Windermere Real Estate
Listed By:
Raul Leanos
(951) 760-0158
Source:
Evrealestate
Added: May 2
Changed: Aug 13
Last Checked: Sep 6 at 5:45AM
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 Windermere Real Estate
Investment Insights
Based on property information with market context.
This for-sale residential income property is listed with multiple property type categories, including residential income, multifamily, and mobile home & RV parks. The property is presented at a $237,000 asking price.
The asset is located at 33410 San Lucas Trail in Thousand Palms, California, within Riverside County. Public records provided here also note a property size of 1,344 (unit not specified in the available information).
The asset is located at 33410 San Lucas Trail in Thousand Palms, California, within Riverside County. Public records provided here also note a property size of 1,344 (unit not specified in the available information).
Key Highlights
- Residential income property in Riverside County, listed at $237,000
- 1984‑built contemporary home with open floor plan and vaulted/beamed ceilings
- Central air and central forced‑air heating plus ceiling fans
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
$21,755
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
9.18%
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%
$435,100
$435.1K
Cap Rate 7%
$310,786
$310.8K
Cap Rate 9%
$241,722
$241.7K
Market Conditions
NOI Build-Up for 1,344 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
$40.3K $30.00/SF
− Vacancy
−$766 −$0.57/SF
EGI
$39.6K $29.43/SF
− OpEx
−$17.8K −$13.24/SF
NOI
$21.8K $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%
$435,100
Cap Rate 7%
$310,786
Cap Rate 9%
$241,722
Alternative Uses
Best Use
Apartment 5plus
$310.8K
$271.9K – $362.6K
NOI $21,755 @ 7.0% cap · market cap 9.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$402.6K
$352.3K – $469.8K
NOI $28,185 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Explore this area
Business Placement
Demographics for 92276, CA
7,953
Population
3,757
Households
2.1
Avg Household Size
44
Median Age
22%
College-Educated
86%
High-School Grad
37.0 sq mi
ZIP Area
215
Density / Sq Mi
$80,280
Median Household Income
$35,124
Median Earnings
$1,432
Median Rent
$260,500
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 - For sale residential income property located in Riverside County, listed at $237,000.
Where is this mobile home & rv park located?
The property is located at 33410 San Lucas Trail Thousand Palms, CA.
What is the asking price?
The asking price for this property is $237,000.
What are key features of this property?
This property features: Residential income property in Riverside County, listed at $237,000; 1984‑built contemporary home with open floor plan and vaulted/beamed ceilings; Central air and central forced‑air heating plus ceiling fans
