Fee-Simple Mobile Home Park
For Sale
$119,900
49-69801 Ramon Rd, Cathedral City, CA 92234
Park model ownership with resort amenities, dedicated parking, and no land lease.
Property Size600 SF
Price / SF$199.83
Days on Market41
Property Features for 49-69801 Ramon Rd
General Information
Standard status
Active
Size
600 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Amenities
pool
spa
clubhouse
fitness center
pickleball court
tennis court
library
billiards room
putting green
Building Details
Buildings
1
Listing Agency:
Real Brokerage Technologies
(855) 450-0442
Listed By:
Rosie
(855) 450-0442
Source:
Exprealty
Added: Jul 20
Changed: Aug 20
Last Checked: Aug 28 at 12:49PM
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 Real Brokerage Technologies
Investment Insights
Based on property information with market context.
This 600-square-foot park model offers a 2-bedroom, 1-bath layout on a fee-simple lot within Desert Shadows RV Resort. The property includes two dedicated parking spaces, providing a practical setup for seasonal use or a vacation retreat. Ownership is not subject to a land lease.
The 55+ seasonal resort provides an extensive amenity package, including 6 pools, multiple spas, clubhouses, a fitness center, pickleball and tennis courts, a library, billiards room, putting green, and scheduled social programming. HOA services include water, cable, trash, and common area maintenance.
The property is located at 49-69801 Ramon Rd in Cathedral City, near shopping, dining, golf, casinos, Palm Springs International Airport, and Coachella Valley attractions.
The 55+ seasonal resort provides an extensive amenity package, including 6 pools, multiple spas, clubhouses, a fitness center, pickleball and tennis courts, a library, billiards room, putting green, and scheduled social programming. HOA services include water, cable, trash, and common area maintenance.
The property is located at 49-69801 Ramon Rd in Cathedral City, near shopping, dining, golf, casinos, Palm Springs International Airport, and Coachella Valley attractions.
Key Highlights
- 600‑square‑foot park model with 2 bedrooms and 1 bath
- Fee‑simple lot ownership with no land lease
- Two dedicated parking spaces
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
$9,712
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
8.10%
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%
$194,240
$194.2K
Cap Rate 7%
$138,743
$138.7K
Cap Rate 9%
$107,911
$107.9K
Market Conditions
NOI Build-Up for 600 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
$18.0K $30.00/SF
− Vacancy
−$342 −$0.57/SF
EGI
$17.7K $29.43/SF
− OpEx
−$7.9K −$13.24/SF
NOI
$9.7K $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%
$194,240
Cap Rate 7%
$138,743
Cap Rate 9%
$107,911
Alternative Uses
Best Use
Apartment 5plus
$138.7K
$121.4K – $161.9K
NOI $9,712 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$179.7K
$157.3K – $209.7K
NOI $12,582 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Explore this area
Business Placement
Demographics for 92234, CA
51,509
Population
23,114
Households
2.2
Avg Household Size
42
Median Age
26%
College-Educated
81%
High-School Grad
14.8 sq mi
ZIP Area
3,480
Density / Sq Mi
$67,031
Median Household Income
$34,895
Median Earnings
$1,554
Median Rent
$420,700
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 - Park model ownership with resort amenities, dedicated parking, and no land lease.
Where is this mobile home & rv park located?
The property is located at 49-69801 Ramon Rd Cathedral City, CA.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: 600‑square‑foot park model with 2 bedrooms and 1 bath; Fee‑simple lot ownership with no land lease; Two dedicated parking spaces
