Remodeled Residential Income
New
For Sale
$139,900
69576 Crestview Drive, Desert Hot Springs, CA 92241
Updated two-bedroom residence in a 55+ land-owned community with golf, pool, spa, and clubhouse amenities.
Property Size744 SF
Price / SF$188.04
Days on Market2
Property Features for 69576 Crestview Drive
General Information
Standard status
Active
Size
744 SF
Total Parking Spaces
1
Property subtype
Manufactured In Park
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Additional Details
Furnished
Yes
HOA Fee
$152
Utilities to Site
Yes
Amenities
golf course
pool
spa
clubhouse
game room
library
gym
entertainment facilities
shuffleboard courts
patio deck
Building Details
Buildings
1
Listing Agency:
Jesus Martinez, Broker
(760) 347-3303
Listed By:
Juan Carlos Nuno · License #01702201
(760) 219-3839
Source:
Kaleorealestate
Added: Sep 10
Last Checked: Sep 10 at 3:00PM
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 Jesus Martinez, Broker
Investment Insights
Based on property information with market context.
This 744-square-foot residential property has been comprehensively updated with a two-bedroom, one-and-one-half-bath layout. Improvements include a renovated kitchen with a center island, quartz counters, refrigerator, microwave, and stove/oven, along with matching quartz surfaces in both bathrooms. Laminate flooring, double-pane windows, blinds, a sliding glass door, and a new A/C unit complete the interior updates. Furniture is included, and the exterior offers a patio deck and covered carport.
The home is located within Desert Crest Country Club, a 55+ senior community where residents own the land. Community facilities include unlimited golf on a 9-hole par-3 course, a natural hot mineral water pool and spa, clubhouse, game room, library, gym, entertainment spaces, and 8 enclosed shuffleboard courts. The community also provides city water, sewer, natural gas, and cable/satellite services, with county-owned and maintained streets.
The home is located within Desert Crest Country Club, a 55+ senior community where residents own the land. Community facilities include unlimited golf on a 9-hole par-3 course, a natural hot mineral water pool and spa, clubhouse, game room, library, gym, entertainment spaces, and 8 enclosed shuffleboard courts. The community also provides city water, sewer, natural gas, and cable/satellite services, with county-owned and maintained streets.
Key Highlights
- 744 SF two‑bedroom, one‑and‑one‑half‑bath home
- Renovated kitchen with center island, quartz counters, and included appliances
- Quartz countertops in both bathrooms with laminate flooring throughout
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
$12,043
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
8.61%
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%
$240,860
$240.9K
Cap Rate 7%
$172,043
$172.0K
Cap Rate 9%
$133,811
$133.8K
Market Conditions
NOI Build-Up for 744 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
$22.3K $30.00/SF
− Vacancy
−$424 −$0.57/SF
EGI
$21.9K $29.43/SF
− OpEx
−$9.9K −$13.24/SF
NOI
$12.0K $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%
$240,860
Cap Rate 7%
$172,043
Cap Rate 9%
$133,811
Alternative Uses
Best Use
Apartment 5plus
$172.0K
$150.5K – $200.7K
NOI $12,043 @ 7.0% cap · market cap 8.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$222.9K
$195.0K – $260.0K
NOI $15,602 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Explore this area
Business Placement
Demographics for 92241, CA
9,270
Population
6,006
Households
1.5
Avg Household Size
51
Median Age
16%
College-Educated
82%
High-School Grad
132.6 sq mi
ZIP Area
70
Density / Sq Mi
$45,210
Median Household Income
$29,545
Median Earnings
$961
Median Rent
$93,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated two-bedroom residence in a 55+ land-owned community with golf, pool, spa, and clubhouse amenities.
Where is this residential income property located?
The property is located at 69576 Crestview Drive Desert Hot Springs, CA.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: 744 SF two‑bedroom, one‑and‑one‑half‑bath home; Renovated kitchen with center island, quartz counters, and included appliances; Quartz countertops in both bathrooms with laminate flooring throughout
