Residential Income Property with Covered
For Sale
$162,900
84136 Ave 44 #772 772, Indio, CA 92203
Park model home with lake-facing views, covered outdoor space, and recent updates within a resort-style community.
Property Size400 SF
Price / SF$407.25
Days on Market94
Property Features for 84136 Ave 44 #772 772
General Information
Standard status
Active
Size
400 SF
Property subtype
Manufactured In Park
Property Condition
Severity
Repairs Needed
Evidence
Needs a little TLC
Additional Details
Multifamily Units
1
Amenities
covered deck
parking area
W/D in shed
Listing Agency:
Coldwell Banker Realty
(760) 345-2527
Listed By:
James Richmond · License #01729522
(760) 844-2030
Source:
Realtyrightchoice
Added: Jul 24
Changed: Oct 3
Last Checked: Oct 24 at 5:44PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property is a park model home at 84136 Ave 44, #772 in Indio. The home includes a covered deck and parking area, with a washer and dryer located in the shed. Recent improvements include a roof installed within the past couple of years, along with mini-split A/C and heat pump equipment. A dishwasher is also included, and the property is being sold turnkey.
Rancho Casa Blanca encompasses 80 acres with 801 park model homes or RV sites. Community amenities include two clubhouses, six heated pools and spas, an 18-hole par 3 golf course, a 9-hole putting course, tennis and pickleball courts, shuffleboard, a fitness center, laundry facilities, and mailboxes. Occupancy is limited to 270 days, not necessarily consecutive, within each 365-day calendar year.
Rancho Casa Blanca encompasses 80 acres with 801 park model homes or RV sites. Community amenities include two clubhouses, six heated pools and spas, an 18-hole par 3 golf course, a 9-hole putting course, tennis and pickleball courts, shuffleboard, a fitness center, laundry facilities, and mailboxes. Occupancy is limited to 270 days, not necessarily consecutive, within each 365-day calendar year.
Key Highlights
- Park model home at 84136 Ave 44, #772, Indio, CA 92203
- Covered deck with views toward the lake, clubhouse, pool, and western mountains
- Roof replaced within the past couple of years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,475
Cap Rate
3.97%
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 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$119.8K
$104.9K – $139.8K
NOI $8,388 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
Frequently Asked Questions
What type of property is this?
Residential income property - Park model home with lake-facing views, covered outdoor space, and recent updates within a resort-style community.
Where is this residential income property located?
The property is located at 84136 Ave 44 #772 772 Indio, CA.
What is the asking price?
The asking price for this property is $162,900.
What are key features of this property?
This property features: Park model home at 84136 Ave 44, #772, Indio, CA 92203; Covered deck with views toward the lake, clubhouse, pool, and western mountains; Roof replaced within the past couple of years
