$1,500,000
↓ $100K (6.3%)
●
House -
For Sale
38075 Patrick Drive
Indio, CA 92203
2 Beds
2 Baths
2,118 Ft²
$7,366
Est. Monthly
About This Property
Unlock the potential of this walled and gated 2.12-acre property
featuring a charming 2-bedroom, 2-bath home with an open-concept
great room, updated kitchen and bathrooms, and a private two-car
garage. Whether you're envisioning a private ranch, a peaceful
desert retreat, future expansion, or an investment opportunity,
this versatile property offers exceptional flexibility. The sale
includes two parcels totaling approximately 2.12 acres and may
present the potential for future rezoning or development with
multiple homes, subject to City of Indio approval. Short-term
rental opportunities may also be available, subject to local
regulations. With wide-open space and endless opportunities to
customize, this unique property is ready for you to bring your
vision to life.
Unit Size
2,118 Ft²
Days on Market
123 days
Land Size
2.00 acres
Price per sqft
$708
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1981
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (CRMLS #219149765DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 22, 2026 | Price Decreased |
$1,500,000
↓ $100K
(6.3%) | |
| Price Decreased | |||
| Jun 30, 2026 | Listed by Keller Williams Luxury Homes | $1,600,000 | |
| Listed by Keller Williams Luxury Homes | |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Has Carport
Has Open Parking
Parking Features: Circular Driveway, Detached Carport, Direct Access, Driveway, Garage, Other, Oversized
Garage Spaces: 2
Open Parking Spaces: 12
Interior Details
Full Bathrooms: 2
Interior Features: Breakfast Bar, SeparateFormalDiningRoom
Appliances: Gas Range
Flooring Type: Carpet, Laminate
Exterior Details
Square Footage: 2118
Square Footage Source: $0
Year Built Source: Assessor
Year Built: 1981
Levels: One
Lot Features: Corner Lot
Lot Size Area: 87120
Lot Size Units: Square Feet
Lot Size Acres: 2
Lot Size Square Feet: 87120
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Indio
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Listed by: Signe Beck, Keller Williams Luxury Homes
Last Updated: 3 months ago
Data Source: CRMLS, MLS# 219149765DA
Last Updated: 3 months ago
Data Source: CRMLS, MLS# 219149765DA
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