Modern Duplex in Palm
For Sale
$865,000
44393 Lingo Ln, Palm Desert, CA 92260
New construction duplex with pool and spa, income potential.
Property Size2,329 SF
Price / SF$371.40
Days on Market142
Property Features for 44393 Lingo Ln
General Information
Standard status
Active
Size
2,329 SF
Property subtype
Investment
Building Details
Year Built
2024
Stories
1
Units
2
Listed By:
Simmers Tedder Real Estat...
(760) 636-8209
Source:
Elliman
Added: Apr 24
Changed: Aug 13
Last Checked: Sep 12 at 7:07AM
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 Simmers Tedder Real Estat...
Investment Insights
Based on property information with market context.
This newly constructed modern duplex, built in 2024, is located in Palm Desert. The property features two units, one with one bedroom and one bathroom, and the other with one bedroom and 1.5 bathrooms. The total size of the property is 2,329 square feet. The property includes a pool and spa, as well as a grass yard space. Each unit features an open floor plan with modern finishes, including smooth drywall, high ceilings, recessed HVAC vents, large format tile, LED lighting, and spa-inspired bathrooms. Each unit also has washer and dryer hook-ups. The property is suitable for an investor looking to rent out both units, or for someone who wants to live in one unit and rent out the other for rental income. There is ample parking in the front oversized driveway with shade. The property is in close proximity to El Paseo, retail, and entertainment.
Key Highlights
- New construction (2024) modern duplex in Palm Desert.
- Income‑producing property with two units: one 1 bed/1 bath and one 1 bed/1.5 bath.
- Features a full pool and spa.
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
$40,920
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
4.73%
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%
$818,400
$818.4K
Cap Rate 7%
$584,571
$584.6K
Cap Rate 9%
$454,667
$454.7K
Market Conditions
NOI Build-Up for 2,329 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
$59.5K $25.56/SF
− Vacancy
−$1.1K −$0.46/SF
EGI
$58.5K $25.10/SF
− OpEx
−$17.5K −$7.53/SF
NOI
$40.9K $17.57/SF
Area
Riverside County, CA
Vacancy
1.80%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
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%
$818,400
Cap Rate 7%
$584,571
Cap Rate 9%
$454,667
Alternative Uses
Best Use
Multifamily LT 5
$584.6K
$511.5K – $682.0K
NOI $40,920 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$538.5K
$471.2K – $628.3K
NOI $37,698 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$697.7K
$610.5K – $814.0K
NOI $48,841 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,668
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
Check the figures for this property
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?
Duplex - New construction duplex with pool and spa, income potential.
Where is this duplex located?
The property is located at 44393 Lingo Ln Palm Desert, CA.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: New construction (2024) modern duplex in Palm Desert.; Income‑producing property with two units: one 1 bed/1 bath and one 1 bed/1.5 bath.; Features a full pool and spa.
