Remodeled Residential Income
New
For Sale
$315,000
39246 Manzanita Drive, Palm Desert, CA 92260
Updated home with stainless steel appliances, private patio, side-by-side parking, and access to gated community amenities.
Property Size1,440 SF
Price / SF$218.75
Days on Market4
Property Features for 39246 Manzanita Drive
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Manufactured In Park
Amenities
Free Golf
three pools
fitness center
Tennis
Pickle Ball
Bocci Ball
Shuffleboard
Club House
Restaurant
Bar area
24-hour security-gated community
Listing Agency:
Palm Desert Greens Real Estate
(760) 799-8326
Listed By:
Martha Mouton
(760) 832-2162
Source:
Realtyrightchoice
Added: Sep 20
Changed: Sep 22
Last Checked: Sep 22 at 3:25PM
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 remodeled 1,440-square-foot home is positioned on an interior street within Palm Desert Greens. The residence features freshly painted smooth walls and ceilings, ceiling fans in each room, upgraded countertops in the kitchen and bathrooms, and stainless steel kitchen appliances with pantry storage. The primary bedroom includes a walk-in closet, while the primary bathroom has a jet tub.
French doors connect the family room to a large private patio with a water feature. The property also includes two sheds and side-by-side parking. Palm Desert Greens is a 24-hour security-gated community with three pools, a fitness center, golf, tennis, pickleball, bocce ball, shuffleboard, clubs, and a clubhouse with restaurant and bar areas.
French doors connect the family room to a large private patio with a water feature. The property also includes two sheds and side-by-side parking. Palm Desert Greens is a 24-hour security-gated community with three pools, a fitness center, golf, tennis, pickleball, bocce ball, shuffleboard, clubs, and a clubhouse with restaurant and bar areas.
Key Highlights
- Remodeled 1,440‑square‑foot home on an interior street
- Upgraded kitchen and bathroom countertops with stainless steel appliances
- Primary bedroom has a walk‑in closet; primary bath includes a jet tub
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
$23,309
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
7.40%
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%
$466,180
$466.2K
Cap Rate 7%
$332,986
$333.0K
Cap Rate 9%
$258,989
$259.0K
Market Conditions
NOI Build-Up for 1,440 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
$43.2K $30.00/SF
− Vacancy
−$821 −$0.57/SF
EGI
$42.4K $29.43/SF
− OpEx
−$19.1K −$13.24/SF
NOI
$23.3K $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%
$466,180
Cap Rate 7%
$332,986
Cap Rate 9%
$258,989
Alternative Uses
Best Use
Apartment 5plus
$333.0K
$291.4K – $388.5K
NOI $23,309 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$431.4K
$377.5K – $503.3K
NOI $30,198 @ 7.0% cap · market cap 9.59%
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
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated home with stainless steel appliances, private patio, side-by-side parking, and access to gated community amenities.
Where is this residential income property located?
The property is located at 39246 Manzanita Drive Palm Desert, CA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Remodeled 1,440‑square‑foot home on an interior street; Upgraded kitchen and bathroom countertops with stainless steel appliances; Primary bedroom has a walk‑in closet; primary bath includes a jet tub
