Residential Income
73502 Desert Greens Drive S Palm Desert, CA 92260
73502 Desert Greens Drive S, Palm Desert, CA, 92260
$429,000
Pending
For Sale
$429,000
Pending
Residential income property offered for sale at 73502 Desert Greens Drive S in Palm Desert, Riverside County, CA.
Property Size2,040 SF
Days on Market139
Property Features for 73502 Desert Greens Drive S
General Information
- Standard status
- Pending
- Size
- 2,040 SF
- Property subtype
- Manufactured In Park
Building Details
- Year Built
- 1988
Listing agency
(760) 610-4684
Listed by
Patricia Illingworth
(760) 610-4684
Source
Evrealestate
Added: Mar 5 Updated: Jul 21 at 10:11PM Checked: Jul 22 at 4:05AM
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 Patricia Illingworth
Investment Insights
Based on property information with market context.
Offered for sale, this residential income property is located at 73502 Desert Greens Drive S in Palm Desert, California, within Riverside County. The listing is categorized under residential income, multifamily properties, and mobile home & RV parks, indicating it may support multiple income-oriented housing configurations.
The property is listed with a total size of 2,040 (as provided in the offering information). For detailed underwriting and to confirm existing unit and configuration details, interested parties should request the available package and review the property with the listing broker.
Because the listing information provided here does not include additional improvements, tenancy, or site-specific features beyond the property type classifications, prospective buyers should verify all operational and physical characteristics during their due diligence.
The property is listed with a total size of 2,040 (as provided in the offering information). For detailed underwriting and to confirm existing unit and configuration details, interested parties should request the available package and review the property with the listing broker.
Because the listing information provided here does not include additional improvements, tenancy, or site-specific features beyond the property type classifications, prospective buyers should verify all operational and physical characteristics during their due diligence.
Key Highlights
- Residential income property for sale at 73502 Desert Greens Dr S, Palm Desert, CA (Riverside County)
- Built in 1988
- Central air plus evaporative cooling; forced‑air natural gas heating
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.2k | $30.00 |
| − Vacancy | −$1.2k | −$0.57 |
| EGI | $60.0k | $29.43 |
| − OpEx | −$27.0k | −$13.24 |
| NOI | $33.0k | $16.19 |
2,040 SF · lease $30.00/SF/yr · vacancy 1.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$471.7K
$412.8K – $550.3K
NOI $33,020 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$611.1K
$534.8K – $713.0K
NOI $42,780 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Similar For Sale Nearby
FAQs
What type of property is this?
Mobile home & RV park - Residential income property offered for sale at 73502 Desert Greens Drive S in Palm Desert, Riverside County, CA.
Where is this mobile home & rv park located?
The property is located at 73502 Desert Greens Drive S Palm Desert, CA.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Residential income property for sale at 73502 Desert Greens Dr S, Palm Desert, CA (Riverside County); Built in 1988; Central air plus evaporative cooling; forced‑air natural gas heating
