147 Sage Drive, Palm Springs, CA 92264

Property Description

ATTENTION INVESTORS! Here's your chance to own an affordable income-producing property under $260,000 in beautiful sunny Palm Springs, CA. With an estimated 6% annual ROI, this beautifully updated manufactured home sits on owned land with a low HOA fee around $330/month (paid by Landlord) and is currently leased at $2,050/month with a long term Tenant who pays all utilities. Large floor plan Featuring 2 bedrooms and 2 bathrooms offers comfortable living and the property was completely remodeled over 4 years ago (PICTURES SHOWN ARE FROM BEFORE TENANTS MOVED IN). Located in a prime central location with quick access stores, shops, and restaurants. El Dorado Palm Estates is a 55+ community located just minutes from Target, Walmart, Home Depot, and more. Residents enjoy full access to two swimming pools and a spa, saunas, tennis courts, a newly renovated gym, a game room, a library and many other amenities. Residents can participate in activities, such as Bridge, Poker, other card games. The spacious clubhouse contains a commercial kitchen which is frequently put to use when catering various park-sponsored social activities that are held throughout the year. Best of all, ownership is not restricted by age--investors of all ages are welcome. Don't miss out--submit your offer before this opportunity is gone!

Listing Status:

Active

Date Added:

March 5, 2026

Data Last Updated:

April 3, 2026 at 10:17PM

Listing Office:

HomeSmart : (760) 844-7500

Listing Agent:

David De Gracia : (760) 507-5727

MLS ID:

219144285DA

Interior

• Flooring: Vinyl
• A/C: Central Air
• Heating: Central

Exterior

• General: CommunityIn Ground
• Pool: CommunityIn Ground
• Parking: Attached CarportParking spaces: 3

Construction

• General: 1

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_CDAR
• County: Riverside

Lot

• Zoning: 681321147

Utilities

• Sewer: Unknown

Financial

• Source: CRMLS_CDAR