55+ Community Home with Private
For Sale
$345,000
38595 Commons Valley Dr, Palm Desert, CA 92260
Split floor plan with remodeled kitchen and a private patio, plus garage, storage room, and a backyard with mountain views.
Property Size1,690 SF
Price / SF$204.14
Days on Market243
Property Features for 38595 Commons Valley Dr
General Information
Standard status
Active
Size
1,690 SF
Property subtype
Manufactured In Park
Listing Agency:
Palm Desert Greens Real Estate
Listed By:
Lisa Strohm
(760) 799-8326
Source:
Exprealty
Added: Feb 4
Changed: Oct 2
Last Checked: Oct 4 at 6:41PM
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 Palm Desert Greens Real Estate
Investment Insights
Based on property information with market context.
This home offers a split floor plan and a remodeled kitchen. A private patio sits off the premier room, and there is also an addition room providing storage space for an office or hobby. In addition to the garage, the layout includes a large backyard with mountain views.
Located in Palm Desert, CA within Palm Desert Greens, a 55+ community with on-site amenities and activities. Golf is included, and the community also features a restaurant and a pro shop for convenience. Buyer to verify the square footage of the home.
Located in Palm Desert, CA within Palm Desert Greens, a 55+ community with on-site amenities and activities. Golf is included, and the community also features a restaurant and a pro shop for convenience. Buyer to verify the square footage of the home.
Key Highlights
- Split floor plan with a remodeled kitchen
- Private patio off the premier room
- Garage plus an additional room with storage for an office or hobby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,355
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,100
$547.1K
Cap Rate 7%
$390,786
$390.8K
Cap Rate 9%
$303,944
$303.9K
Market Conditions
NOI Build-Up for 1,690 SF
Gross rent
$50.7K $30.00/SF
− Vacancy
−$963 −$0.57/SF
EGI
$49.7K $29.43/SF
− OpEx
−$22.4K −$13.24/SF
NOI
$27.4K $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 Rate 5%
$547,100
Cap Rate 7%
$390,786
Cap Rate 9%
$303,944
Alternative Uses
Best Use
Apartment 5plus
$390.8K
$341.9K – $455.9K
NOI $27,355 @ 7.0% cap · market cap 7.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$506.3K
$443.0K – $590.7K
NOI $35,441 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Explore this area
Business Placement
Demographics for 92260, CA
31,641
Population
21,659
Households
1.5
Avg Household Size
57
Median Age
38%
College-Educated
92%
High-School Grad
31.3 sq mi
ZIP Area
1,011
Density / Sq Mi
$72,252
Median Household Income
$41,810
Median Earnings
$1,654
Median Rent
$463,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Split floor plan with remodeled kitchen and a private patio, plus garage, storage room, and a backyard with mountain views.
Where is this mobile home & rv park located?
The property is located at 38595 Commons Valley Dr Palm Desert, CA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Split floor plan with a remodeled kitchen; Private patio off the premier room; Garage plus an additional room with storage for an office or hobby
