74127 Velardo Drive
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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%.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 11, 2026 | Sold | ||
| Sold | |||
| Feb 8, 2026 | In contract | - | |
| In contract | |||
| Jan 30, 2026 | Listed by eXp Realty Of Southern California Inc | $489,000 | |
| Listed by eXp Realty Of Southern California Inc | |||
| Dec 16, 2025 | Price Decreased |
$489,000
↓ $16K
(3.2%) | |
| Price Decreased | |||
| Nov 14, 2025 | Listed | $505,000 | |
| Listed | |||
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THE ONE you've been waiting for in Palm Desert, where mid-century architecture, clean lines, and an ultra-private pool setting come together on a corner lot with south-facing mountain views. Motor up the drive for a closer look at this three-bedroom, two-bath opportunity where value and location shine. Bring your special touch and enjoy the modernist vibes of block walls, clerestory light, and the optimism of that iconic architectural era. The living and dining areas center around a handsome brick fireplace with hearth and a glass slider that opens to the pergola-covered patio, while the nearby kitchen enjoys great flow and easy outdoor access. Bedrooms enjoy thoughtful separation, and the ensuite primary features a vaulted ceiling, clerestory window, and two closets, while guest bedrooms two and three share a full bath. Carport parking for two plus a nearby storage area adds convenience, and leased solar is another plus. Recent improvements include a newer roof, newer water heater, and a freshly replastered pool. Generous outdoor spaces offer plenty of opportunity to elevate the landscaping and create something truly special, all in a prime Palm Desert setting just minutes from the best of El Paseo.
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About Shadow Village
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017