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For sale
  • Listed by: HomeSmart • Elena Hernandez Velazquez • Contact: 760-678-8110
    Price cut: $35K (7/21)
    $1,290,000

    40265 Galindo Ct, Indio, CA 92203

    --beds
    --baths
    --sqft
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    Multi Family
    Built in 1986
    -- sqft lot
    $1,214,200 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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 investmentA '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 760.409.3614
    102 days
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    150
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    Zillow last checked:

    Listing updated:

    Listed by:

    Elena Hernandez Velazquez DRE #01950347 760-678-8110,

    HomeSmart,

    Salvador Hernandez DRE #01277108 760-409-3614,

    HomeSmart

    Source: CRMLS,MLS#: 219146255DAMLS LogoOriginating MLS: California Desert AOR & Palm Springs AOR

      Facts & features

      Interior

      Rooms
      • Room types: Family Room, Other
      Heating
      • Central, Electric, Propane
      Cooling
      • Central Air, Evaporative Cooling, Electric, Gas, Wall/Window Unit(s)
      Appliances
      • Included: Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Propane Cooking, Propane Water Heater, Refrigerator, Water Heater
      Features
      • Built-in Features
      • Flooring: Carpet, Stone, Wood
      • Has fireplace: No

      Property

      Parking
      • Total spaces: 56
      • Parking features: Assigned, Direct Access, Driveway, Garage, Other, On Street
      • Garage spaces: 14
      • Carport spaces: 14
      • Covered spaces: 28
      • Uncovered spaces: 14
      Features
      • Levels: One
      • Stories: 1
      • Has view: Yes
      • View description: City Lights, Desert, Hills
      Lot
      • Size: 2.27 Acres
      • Features: Corner Lot, Flag Lot, Level, Mineral Rights
      Details
      • Parcel number: 607240025
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Materials
      • Foundation: Concrete Perimeter, Pier Jacks, Permanent
      • Roof: Composition,Metal,Other
      Condition
      • Repairs Cosmetic
      • New construction: No
      • Year built: 1986

      Utilities & green energy

      • Sewer: Other, Septic Tank
      • Water: Other, Well

      Community & HOA

      Community
      • Subdivision: Not Applicable-1
      HOA
      • Amenities included: Other
      • HOA name: None, Owner there is not Mangment Comp
      Location
      • Region: Indio

      Financial & listing details

      • Tax assessed value: $832,320
      • Annual tax amount: $10,205
      • Date on market: 4/11/2026
      • Listing terms: Cash,1031 Exchange
      • Inclusions: For more info text/ callSalvador 760.409.3614
      • Exclusions: ANY QUESTIONS? TEXT OR CALL Salvador - 760.409.3614
      • Total actual rent: 9203
      • Tenant pays: Cable TV, Electricity, Exterior Maintenance, Gas, Insurance

        Estimated market value

        $1,214,200

        $1.15M - $1.27M

        $2,420/mo

        Price history

        DateEventPrice
        7/21/2026Price change$1,290,000-2.6%
        Source: CDAR/ Desert Area MLS #219146255 Report a problem
        4/11/2026Listed for sale$1,325,000+59.6%
        Source: Greater Palm Springs Realtors #219146255 Report a problem
        11/16/2022Sold$830,000-16.2%
        Source: CDAR/ Desert Area MLS #219087057 Report a problem
        11/10/2022Pending sale$990,000
        Source: CRMLS #219087057DA Report a problem
        11/9/2022Listing removed--
        Source: CDAR/ Desert Area MLS Report a problem
        6/15/2022Pending sale$990,000
        Source: CDAR/ Desert Area MLS #219077040 Report a problem
        4/12/2022Listed for sale$990,000+58.4%
        Source: CDAR/ Desert Area MLS #219077040 Report a problem
        8/22/2020Listing removed$625,000
        Source: Realty World Coachella Valley #219047788 Report a problem
        8/22/2020Pending sale$625,000
        Source: Realty World Coachella Valley #219047788 Report a problem
        8/15/2020Listed for sale$625,000
        Source: Realty World Coachella Valley #219047788 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$10,205 +2%$832,320 +2%
        2024$10,006 +258%$816,000 +259.3%
        2023$2,795 +2%$227,121 +2%
        2022$2,740 +2%$222,668 +2%
        2021$2,687 +2%$218,302 +1%
        2020$2,635 +2%$216,065 +2%
        2019$2,584 +2%$211,830 +2%
        2018$2,534 +2.1%$207,678 +2%
        2017$2,482 $203,607 +2%
        2016$2,482 +2.1%$199,616 +1.5%
        2015$2,430 +1.7%$196,619 +2%
        2014$2,388 $192,769 +0.5%
        2013-- $191,900 +2%
        2012-- $188,138 +2%
        2011-- $184,450 +0.8%
        2010-- $183,074 -0.2%
        2009-- $183,510 +2%
        2008-- $179,913 +2%
        2007-- $176,386 +94.8%
        2006-- $90,534 +2%
        2005-- $88,760 +3.9%
        2003-- $85,428 +2%
        2002-- $83,754 +2%
        2001$928 +2%$82,113 +2%
        2000$910 $80,504
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 92203

        Getting around

        13 / 100
        Car-Dependent
        19 / 100
        Somewhat Bikeable

        Nearby schools

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