Remodeled Residential Income
39246 Manzanita Drive, Palm Desert, CA 92260
For Sale
$305,000
Updated home with stainless steel appliances, private patio, side-by-side parking, and access to gated community amenities.
Property Size1,440 SF
Price / SF$211.81
Days on Market50
Property Features for 39246 Manzanita Drive
General Information
Standard status
Size
Property subtype
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: Oct 25
Last Checked: Nov 6 at 8:58AM
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
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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 / Yr
$23,309
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
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
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 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 7.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$431.4K
$377.5K – $503.3K
NOI $30,198 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
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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
$463,500
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Palm Desert, CA
Properties on Market for Residential income properties in Palm Desert
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 $305,000.
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
