Residential Income
For Sale
$370,000
39049 Desert Greens Drive E, Palm Desert, CA 92260
For sale residential income property in Palm Desert, Riverside County, listed for $370,000.
Property Size1,710 SF
Price / SF$216.37
Days on Market127
Property Features for 39049 Desert Greens Drive E
General Information
Standard status
Active
Size
1,710 SF
Total Parking Spaces
6
Property subtype
Manufactured In Park
Amenities
Golf, Gated
Tennis Court(s), Barbecue, Basketball Court, Billiard Room, Clubhouse, Fitness Center, Golf Course, RV Parking, Maintenance Grounds, Management, Picnic Area, Playground, Recreation Room, Sauna
Ceiling Fan(s), Central Air
Central
Attached Carport, Driveway
Building Details
Building Size
1,710 SF
Year Built
1977
Stories
1
Listing Agency:
Palm Desert Greens Real Estate
(760) 799-8326
Listed By:
Lisa Strohm
(760) 799-8326
Source:
Evrealestate
Added: Apr 27
Changed: Aug 26
Last Checked: Aug 30 at 2:15PM
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 for-sale residential income property is listed at $370,000 and located at 39049 Desert Greens Drive E in Palm Desert, California (Riverside County).
The property is classified as a residential income asset with additional property-type listings that include multifamily and mobile home & RV parks. Based on the information provided, further details on unit mix, amenities, or specific improvements are not included.
Interested buyers and brokers can request complete offering materials to review the property’s configuration and operating details.
The property is classified as a residential income asset with additional property-type listings that include multifamily and mobile home & RV parks. Based on the information provided, further details on unit mix, amenities, or specific improvements are not included.
Interested buyers and brokers can request complete offering materials to review the property’s configuration and operating details.
Key Highlights
- Residential income property for sale in Palm Desert, Riverside County
- Year built: 1977
- Central air conditioning with 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
$27,679
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
7.48%
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%
$553,580
$553.6K
Cap Rate 7%
$395,414
$395.4K
Cap Rate 9%
$307,544
$307.5K
Market Conditions
NOI Build-Up for 1,710 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
$51.3K $30.00/SF
− Vacancy
−$975 −$0.57/SF
EGI
$50.3K $29.43/SF
− OpEx
−$22.6K −$13.24/SF
NOI
$27.7K $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%
$553,580
Cap Rate 7%
$395,414
Cap Rate 9%
$307,544
Alternative Uses
Best Use
Apartment 5plus
$395.4K
$346.0K – $461.3K
NOI $27,679 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$512.3K
$448.3K – $597.7K
NOI $35,860 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
237
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
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 in Palm Desert, Riverside County, listed for $370,000.
Where is this mobile home & rv park located?
The property is located at 39049 Desert Greens Drive E Palm Desert, CA.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Residential income property for sale in Palm Desert, Riverside County; Year built: 1977; Central air conditioning with ceiling fans
