Residential Income Property with Pond
For Sale
$110,000
90a-81620 Avenue 49, Indio, CA 92201
1984 ALPHA park model with a back deck overlooking a pond in a seasonal, age-restricted resort community.
Property Size400 SF
Price / SF$275
Days on Market226
Property Features for 90a-81620 Avenue 49
General Information
Standard status
Active
Size
400 SF
Property subtype
Manufactured In Park
Property Condition
Severity
Repairs Needed
Evidence
make some upgrades
Additional Details
Furnished
Yes
Multifamily Units
1
Amenities
back deck
Building Details
Year Built
1984
Buildings
1
Listing Agency:
Fathom Realty Group Inc.
(760) 777-2871
Listed By:
Mark Monaco · License #01912558
(909) 969-8617
Source:
Exprealty
Added: Mar 2
Changed: Oct 5
Last Checked: Oct 12 at 10:35PM
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 Fathom Realty Group Inc.
Investment Insights
Based on property information with market context.
This 1984 ALPHA park model is located within Desert Aire, a seasonal resort community designed for residents over 55. The property includes interior and exterior furnishings, along with a heat pump replaced last season.
A back deck provides 180-degree views of one of the community ponds. Desert Aire is a pet-free, nine-month park and does not permit full-time residency; the community is primarily used by seasonal winter residents.
A back deck provides 180-degree views of one of the community ponds. Desert Aire is a pet-free, nine-month park and does not permit full-time residency; the community is primarily used by seasonal winter residents.
Key Highlights
- 1984 ALPHA park model in Desert Aire
- Back deck with 180‑degree pond views
- Heat pump replaced last season
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,475
Cap Rate
5.89%
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 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$119.8K
$104.9K – $139.8K
NOI $8,388 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Explore this area
Business Placement
Demographics for 92201, CA
66,989
Population
26,241
Households
2.6
Avg Household Size
35
Median Age
16%
College-Educated
70%
High-School Grad
16.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$66,663
Median Household Income
$35,527
Median Earnings
$1,349
Median Rent
$372,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - 1984 ALPHA park model with a back deck overlooking a pond in a seasonal, age-restricted resort community.
Where is this residential income property located?
The property is located at 90a-81620 Avenue 49 Indio, CA.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: 1984 ALPHA park model in Desert Aire; Back deck with 180‑degree pond views; Heat pump replaced last season
