Residential Income Property with Fairway
For Sale
$149,900
84136 Ave 44 #337 337, Indio, CA 92203
A wraparound deck and covered outdoor area face a pond beside the golf course.
Property Size400 SF
Price / SF$374.75
Days on Market12
Property Features for 84136 Ave 44 #337 337
General Information
Standard status
Active
Size
400 SF
Property subtype
Manufactured In Park
Property Condition
Severity
Repairs Needed
Evidence
Needs Updating
Additional Details
Multifamily Units
1
Amenities
wrap around deck
covered deck
golf course
putting course
practice greens
heated pools/spas
tennis courts
pickleball courts
shuffleboard courts
horseshoe pitch
fitness center
clubs & classes
clubhouses
laundry facilities
mailboxes
Listing Agency:
Coldwell Banker Realty
(760) 345-2527
Listed By:
James Richmond · License #01729522
(760) 844-2030
Source:
Tfregroup
Added: Sep 29
Changed: Oct 3
Last Checked: Oct 9 at 7:52PM
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 residential property has a wraparound deck and a covered deck area, with views toward a pond and the course’s fourth fairway. Updating is needed, while the existing structure offers a foundation for improvements.
The property is within Rancho Casa Blanca, an 80-acre community with 801 park model home or RV sites. Community amenities include two clubhouses, four satellite buildings, six heated pools and spas, tennis and pickleball courts, shuffleboard, horseshoes, a fitness center, and golf facilities. Owners may use the 18-hole par-3 course without a golf fee. Occupancy is limited to 270 days, not necessarily consecutive, in each 365-day calendar year.
The property is within Rancho Casa Blanca, an 80-acre community with 801 park model home or RV sites. Community amenities include two clubhouses, four satellite buildings, six heated pools and spas, tennis and pickleball courts, shuffleboard, horseshoes, a fitness center, and golf facilities. Owners may use the 18-hole par-3 course without a golf fee. Occupancy is limited to 270 days, not necessarily consecutive, in each 365-day calendar year.
Key Highlights
- Views toward a pond and the golf course’s 4th fairway
- Wraparound deck and covered deck area
- Updating needed; existing structure provides a basis for improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,475
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$129,500
$129.5K
Cap Rate 7%
$92,500
$92.5K
Cap Rate 9%
$71,944
$71.9K
Market Conditions
NOI Build-Up for 400 SF
Gross rent
$12.0K $30.00/SF
− Vacancy
−$228 −$0.57/SF
EGI
$11.8K $29.43/SF
− OpEx
−$5.3K −$13.24/SF
NOI
$6.5K $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%
$129,500
Cap Rate 7%
$92,500
Cap Rate 9%
$71,944
Alternative Uses
Best Use
Apartment 5plus
$92.5K
$80.9K – $107.9K
NOI $6,475 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$119.8K
$104.9K – $139.8K
NOI $8,388 @ 7.0% cap · market cap 5.60%
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
65
Businesses Nearby
Explore this area
Business Placement
Demographics for 92203, CA
31,366
Population
14,750
Households
2.1
Avg Household Size
42
Median Age
34%
College-Educated
89%
High-School Grad
18.5 sq mi
ZIP Area
1,695
Density / Sq Mi
$97,969
Median Household Income
$47,013
Median Earnings
$1,990
Median Rent
$496,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - A wraparound deck and covered outdoor area face a pond beside the golf course.
Where is this residential income property located?
The property is located at 84136 Ave 44 #337 337 Indio, CA.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Views toward a pond and the golf course’s 4th fairway; Wraparound deck and covered deck area; Updating needed; existing structure provides a basis for improvements
