Residential Income
38820 Desert Greens Drive E Palm Desert, CA 92260
38820 Desert Greens Drive E, Palm Desert, CA, 92260
$389,000
For Sale
$389,000
Residential income property for sale in Palm Desert, listed at $389,000.
Property Size1,800 SF
Price / SF$216.11
Days on Market129
Property Features for 38820 Desert Greens Drive E
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Manufactured In Park
Building Details
- Year Built
- 1981
Listing agency
(760) 641-4991
Listed by
Lola L Breeze
(760) 641-4991
Source
Evrealestate
Added: Mar 16 Updated: Jul 21 at 9:04PM Checked: Jul 22 at 6:26AM
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 Lola L Breeze
Investment Insights
Based on property information with market context.
This for-sale residential income property is located at 38820 Desert Greens Drive E in Palm Desert, CA 92260, in Riverside County. The listing price is $389,000, and the property size is noted as 1,800.
The property is identified in the provided materials under residential income/multifamily-related categories, supporting a use as an income-producing residential asset. Additional details on unit count, configuration, and improvements are not included in the information provided, so prospective buyers should review offering specifics before proceeding.
The property is identified in the provided materials under residential income/multifamily-related categories, supporting a use as an income-producing residential asset. Additional details on unit count, configuration, and improvements are not included in the information provided, so prospective buyers should review offering specifics before proceeding.
Key Highlights
- Central air and forced‑air heating (natural gas)
- Kitchen features granite counters and cathedral ceilings
- Includes convection oven, dishwasher, washer and dryer, electric and gas ovens, and refrigerator
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 | $54.0k | $30.00 |
| − Vacancy | −$1.0k | −$0.57 |
| EGI | $53.0k | $29.43 |
| − OpEx | −$23.8k | −$13.24 |
| NOI | $29.1k | $16.19 |
1,800 SF · lease $30.00/SF/yr · vacancy 1.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$416.2K
$364.2K – $485.6K
NOI $29,136 @ 7.0% cap · market cap 7.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$539.2K
$471.8K – $629.1K
NOI $37,747 @ 7.0% cap · market cap 9.70%
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 Palm Desert, listed at $389,000.
Where is this mobile home & rv park located?
The property is located at 38820 Desert Greens Drive E Palm Desert, CA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Central air and forced‑air heating (natural gas); Kitchen features granite counters and cathedral ceilings; Includes convection oven, dishwasher, washer and dryer, electric and gas ovens, and refrigerator
