$235,000
●
Condo -
Off Market
48246 Garbo Drive
Indio, CA 92201
2 Beds
1 Bath
704 Ft²
$1,518
Est. Monthly
$364
HOA / Fees
12.44%
Cap Rate
About This Property
Welcome to the enchanting Indian Palms Country Club! This
delightful 2-bedroom, 1-bathroom condo is a canvas for your dreams.
Embrace the airy feel of the combined dining and living areas,
complemented by a partially remodeled kitchen and bathroom,
showcasing modern tile and vinyl flooring throughout. Whether
you're seeking a cozy personal residence or a lucrative full-time
rental, this property truly has it all.Positioned just a stroll
away from the renowned Empire Polo Grounds, the venue for the
Coachella and Stagecoach music festivals, you'll enjoy remarkable
amenities, including a stunning 27-hole championship golf course,
tennis courts, inviting community pools, a welcoming clubhouse, and
more! With short-term rentals allowed, this condo presents a
fantastic investment opportunity.
Unit Size
704 Ft²
Days on Market
62 days
Land Size
0.02 acres
Price per sqft
$334
Property Type
Condo
Property Taxes
-
HOA Dues
$364
Year Built
1981
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Cap Rate Calculator
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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: 2 years ago (CRMLS #219123109PS)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 20, 2025 | Sold | ||
| Sold | |||
| Jan 13, 2025 | Listed by HomeSmart Professionals | $235,000 | |
| Listed by HomeSmart Professionals | |||
Property Highlights
Air Conditioning
Parking Available
Parking Details
Parking Features: Assigned, Guest
Open Parking Spaces: 1
Total Garage and Parking Spaces: 1
Interior Details
Bedrooms: 2
Full Bathrooms: 1
Interior Features: Multiple Primary Suites
Appliances: Dishwasher, Gas Range, Gas Water Heater, Microwave
Flooring Type: Tile, Vinyl
Living Area Square Feet Source: Assessor
Laundry Features: Common Area
Exterior Details
Property Condition: Updated Remodeled
Year Built: 1981
Parcel Number: 614264036
Home Type: Residential
Roof: Tile
Window Features: Blinds
Construction Materials: Stucco
Outdoor Living Structures: Concrete
Spa Features: Community, Heated, In Ground
Private Pool
Pool Features: Community, In Ground
Lot Information: Planned Unit Development
Lot Size Source: Assessor
Lot Size Acres: 0.0163
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Location Details
Association Amenities: Clubhouse, Controlled Access, Sport Court, Fitness Center, Golf Course, Maintenance Grounds, Lake Or Pond, Security, Tennis Courts, Trails, Trash
Association Fee: $360
Association Fee Frequency: Monthly
Association Fee2: $48
Association Fee2 Frequency: Annually
Community Features: Golf, Gated, Pool
Security Features: Gated Community, Twenty Four Hour Security
Subdivision: Indian Palms (31432)
Subdivision Name: Indian Palms (31432)
Directions: Take Monroe to Country Club Drive (Indian Palms Main Gate). Go through gate on Country Club Dr which turns into Disney Dr. Make a right at Gabel Dr. then a right onto Oasis St until you come to Garbo Dr. Turn left and condo is on right hand side Cross Street: Davis Dr and Barrymore St.
Other Details
Listing Terms: Cash, CashToNewLoan, Conventional
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/13/2025
| |
2 Bed
|
1 Bath
|
704 ft²
|
$235,000
2 Bed
1 Bath
704 ft²
|
$235,000
03/20/2025
|
Arnold Galvan
HomeSmart
|
|
06/18/2022
| |
2 Bed
|
1 Bath
|
704 ft²
|
$259,900
2 Bed
1 Bath
704 ft²
|
-
-
|
Mary Martine Blandon
HomeSmart
|
Building Info
About Indio
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Listed by: Arnold Galvan, HomeSmart Professionals
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219123109PS
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219123109PS
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