Palm Desert Condo Near El
For Sale
$230,000
72682 Thrush Road Palm, Palm Desert, CA 92260
Charming 2-bedroom condo near El Paseo's shopping and dining.
Property Size810 SF
Price / SF$283.95
Days on Market432
Property Features for 72682 Thrush Road Palm
General Information
Standard status
Active
Size
810 SF
Property subtype
Condominium
Amenities
Air Conditioning
Central
Pool
Building Details
Building Size
810 SF
Year Built
1971
Stories
1
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
COLDWELL BANKER REALTY
Source:
Kw
Added: Aug 6, 2025
Changed: Oct 2
Last Checked: Oct 11 at 4:40AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This single-level, ground-floor condo offers comfort and convenience in a desirable location, situated just off Highway 74 and minutes from shopping and dining on El Paseo. The property features an open layout with large windows that bring in natural light. It includes 2 bedrooms and 1 bathroom. The property size is 810 square feet. Residents can enjoy the landscaped grounds and unwind in the community pool and spa. The low HOA includes water, trash, and earthquake insurance, as well as access to the pool and spa. This condo is suitable as a full-time residence, weekend getaway, or investment property.
Key Highlights
- Prime location: Steps from El Paseo's world‑class shopping and dining.
- Ground‑floor, single‑level condo for easy access and convenience.
- Low HOA includes water, trash, earthquake insurance, and pool/spa access.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,111
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,220
$262.2K
Cap Rate 7%
$187,300
$187.3K
Cap Rate 9%
$145,678
$145.7K
Market Conditions
NOI Build-Up for 810 SF
Gross rent
$24.3K $30.00/SF
− Vacancy
−$462 −$0.57/SF
EGI
$23.8K $29.43/SF
− OpEx
−$10.7K −$13.24/SF
NOI
$13.1K $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%
$262,220
Cap Rate 7%
$187,300
Cap Rate 9%
$145,678
Alternative Uses
Best Use
Apartment 5plus
$187.3K
$163.9K – $218.5K
NOI $13,111 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$242.7K
$212.3K – $283.1K
NOI $16,986 @ 7.0% cap · market cap 7.39%
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
107
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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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?
Apartment building - Charming 2-bedroom condo near El Paseo's shopping and dining.
Where is this apartment building located?
The property is located at 72682 Thrush Road Palm Palm Desert, CA.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Prime location: Steps from El Paseo's world‑class shopping and dining.; Ground‑floor, single‑level condo for easy access and convenience.; Low HOA includes water, trash, earthquake insurance, and pool/spa access.
