Residential Income Property with Golf Course
New
For Sale
$475,000
73740 Red Horse Street, Palm Desert, CA 92260
A 433A permanent foundation and enclosed patio areas are among the home’s practical features.
Property Size1,440 SF
Price / SF$329.86
Days on Market4
Property Features for 73740 Red Horse Street
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Manufactured In Park
Amenities
golf course
restaurant
pickleball courts
tennis courts
shuffleboard courts
bocci ball
exercise room
pool
hot tubs
two other pools
green belts
Listing Agency:
Palm Desert Greens Real Estate
(760) 799-8326
Listed By:
Martha Mouton
(760) 832-2162
Source:
Kaleorealestate
Added: Oct 2
Changed: Oct 5
Last Checked: Oct 4 at 6:08PM
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 Palm Desert Greens Real Estate
Investment Insights
Based on property information with market context.
This 1,440-square-foot residential income property has views across the golf course, including fairways 5 and 6. An enclosed exterior patio and side yard face the course, while a second enclosed patio connects the living room and family room. The family room features a fireplace, vaulted ceiling and an additional 16-by-8-foot area. Laminate and linoleum flooring are installed throughout, and both bathrooms have step-in showers. The home is on a permanent foundation with a 433A foundation certification, and side-by-side parking is available.
The HOA includes access to the golf course, restaurant, pickleball and tennis courts, shuffleboard, bocce ball, an exercise room, and three pools, including one with hot tubs. Cable TV, internet and trash are also included.
The HOA includes access to the golf course, restaurant, pickleball and tennis courts, shuffleboard, bocce ball, an exercise room, and three pools, including one with hot tubs. Cable TV, internet and trash are also included.
Key Highlights
- 1,440‑square‑foot home on a permanent foundation with 433A certification
- Golf course views toward fairways 5 and 6
- Enclosed exterior patio and side yard overlook the course
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,309
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,180
$466.2K
Cap Rate 7%
$332,986
$333.0K
Cap Rate 9%
$258,989
$259.0K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$43.2K $30.00/SF
− Vacancy
−$821 −$0.57/SF
EGI
$42.4K $29.43/SF
− OpEx
−$19.1K −$13.24/SF
NOI
$23.3K $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%
$466,180
Cap Rate 7%
$332,986
Cap Rate 9%
$258,989
Alternative Uses
Best Use
Apartment 5plus
$333.0K
$291.4K – $388.5K
NOI $23,309 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$431.4K
$377.5K – $503.3K
NOI $30,198 @ 7.0% cap · market cap 6.36%
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
302
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - A 433A permanent foundation and enclosed patio areas are among the home’s practical features.
Where is this residential income property located?
The property is located at 73740 Red Horse Street Palm Desert, CA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,440‑square‑foot home on a permanent foundation with 433A certification; Golf course views toward fairways 5 and 6; Enclosed exterior patio and side yard overlook the course
