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About This Home

This 30-bedroom, 14-bathroom residential multi family at 40265 Galindo Court in Indio, CA is listed for $1,325,000 ($91 per sqft). Built in 1986, the home offers 14,600 sqft of living space on a 2.27 acres lot.

Agent Description

What's Being Offered - A mobile home park with 12 tenant-occupied units Pluss 2 more. - Rent guaranteed by the county through 2041 year. - A government-backed housing program (likely subsidized housing lease) - Owner responsibilities are minimal: o Provide Free water service.

o Maintain general cleanliness of the park . o Tenants pay: (Electricity. Gas. Internet ) o Repairs (for pay from tenants' units) The 2 Owner-Owned Units. These are different Mobiles Homes: Owner must handle repairs on the water well. Still not responsible for electricity or gas for the other 12 Mobiles Homes.

- These generate separate rental income (not part of the county master lease) The Big Selling Point - 'Guaranteed income through 2041' This is the headline feature. o No Units are vacant? 2. Owner offers financials details. o Actual monthly income o Expenses (water, maintenance, insurance, taxes) o Net operating income (NOI) 3.

Utility responsibility. It says owner provides water service, And Maitane's service to the Well. 4. Repairs 'not your responsibility on the 12 Mobiles Homes. Who owns each mobile home. Different tenants. Tenants own their homes (common in mobile home parks) That's a big advantage, 5.

The others 2 units or Mobiles Homes are owned by the sellers. These could: Add income two more Income, per month. Bottom Line. This could be: A low-maintenance, stable cash-flow investment A 'guaranteed' income. A summary of rent roll. As of today, I can tell you about the outcome regarding the parking situation: An APN (Assessor's Parcel Number) has been assigned to each individual parking space.

This was done to ensure that every property could be uniquely identified; as humans, we tend to repeat numbers and street names, which creates issues for utility providers such as water and electricity companies. That is precisely what the County did: it subdivided the parcels of land upon which the mobile homes are situated.

However, while the individual records for each lot now list the designation 'LEASE LAND,' the general property records still identify Jose and his wife as the legal owners. -------------------------------------- Para preguntas y citas llama/texto: Salvador

Key Features

  • Built in 1986
  • 2.27 acre lot
  • 56 parking spaces

Property Details

1 story
14 full
56 spaces
1986

Amenities

ViewHardwoodA/C

Monthly Cost Estimate

$7,086/mo

20% down · 6.5% · 30 years

Principal$958
Interest$5,742
Insurance$386

Estimates only. Actual payments may vary.

Location

40265 Galindo Court

Indio, CA 92203

Features & Amenities

Interior Features

Built-In FeaturesAll Bedrooms DownWalk In Closet

Property Details

Flooring

CarpetHardwoodGranite

Construction

Aluminum Siding Plaster

Views

DesertCityHills

Parking

DrivewayOn StreetCoveredAssigned

Heating

CentralElectric (Heating)

Cooling

Window Unit(s)Evaporative CoolingGas (Cooling)Wall/Window Unit(s)Ceiling Fan(s)Central AirElectric

Appliances

DishwasherDisposalDryerGas OvenGas RangeMicrowave OvenPropane Dryer HookupRefrigerator

Questions & Answers

This 30-bedroom, 14-bathroom residential multi family at 40265 Galindo Court is listed at $1,325,000 ($91/sqft). The estimated monthly payment is $5,742 based on 20% down at 6.5% interest.

Key features include: Built in 1986, 2.27 acre lot, 56 parking spaces. Interior Features: Built-In Features, All Bedrooms Down, Walk In Closet.

This property is listed by Elena Hernandez Velazquez and can be reached at 7606788110 or elenav.realtor@gmail.com.

EV

Elena Hernandez Velazquez

Agent at HomeSmart

(760) 678-8110

Listed by HomeSmart · View on Broker Site

MLS# 219146255· Source: listhub· Updated 53 days ago

Copyright © 2026 California Desert Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

40265 Galindo Court, Indio, CA 92203

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