33 Diamond Dr E · Palm Desert, CA 92260

$259,000

2 bd · 2.0 ba · 2,116 sqft · Manufactured public records · 147 Days on market

Built 1977 $122/sqft · 19% above area Est $217k · 19% over $1/mo HOA

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.8/10.0
• Rent growth +2.9/5.0
• Livability +2.6/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

BRAND NEW WINDOWS READY FOR THE SUMMER MONTHS!! Welcome to the peaceful retreat of Silver Spur Community in South Palm Desert. Located right off highway 74 near popular hiking and the world famous El Paseo, this community features a resort style pool & spa with incredible mountain views, a clubhouse with billiards, bocce, a fitness center and other great amenities, all tailored to fit the relaxing desert atmosphere. This property has been meticulously maintained and has 4 spacious bedrooms and 2 remodeled bathrooms. There is a large sun porch off the front of the home and a private patio makes great use of the rear space of the property. The driveway has enough space for 3 vehicles and is covered, all while offering direct access to the home. Over 2,100 SqFt of interior space ensures there is room for all, even when entertaining. Land space fees are $950 per month and include access to the community amenities. 5 windows very recently replaced in the bedrooms, and living room. Call today to see this amazing South Palm Desert property!

Key facts

• Fitness center
• Resort style pool
• Private patio

Tags

• RESORT STYLE POOL
• INCREDIBLE MOUNTAIN VIEWS
• CLUBHOUSE WITH BILLIARDS
• FITNESS CENTER
• LARGE SUN PORCH
• PRIVATE PATIO

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $259k.

Deal economics

• At list price, monthly cash flow is $2k ($22k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $259k).
• Recommended offer: $228k (12.0% below list) — sets the bar for market timing.
• Cap rate 14.9% vs local median 3.5% in Palm Desert — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 51/100 on livability (#1,050 in CA) — a working-class tenant base; expect higher turnover. Strengths: schools A-, employment B+, housing B; Watch: crime D, amenities F, commute F.
• Desert Sands Unified (suburban): math 31% / reading 56% proficiency, ranked #199 of 517 in CA (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+1.6%/yr); 545 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 46% of comp listings sitting > 30 days — soft ceiling on asking rent; 9,195 units permitted in Riverside County in 2024 (1,512 in 5+ unit buildings).
• At $4,310/mo this rent would consume 74% of the median local household income ($70k/yr) (locally 1734% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Riverside County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 1.6% rent growth), your $73k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 147 days — a 12% lower offer ($228k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 7y ago; this cycle's ask has dropped $20k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $96k; list at $259k implies a 170% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 10→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $227,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 147 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.66% ✓
• Cap rate: 14.95%
• Cash-on-cash: 30.90%
• DSCR: 2.37
• GRM: 5.0

CMA / ARV

• ARV (median comp): $217,005
• List price: $259,000
• Delta: 19.35%
• Verdict: OVERPRICED
• Comps: 9 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9 Prickley Pear Ln	0.05mi	3/2.0 (+1)	2,176 (+3%)	11mo	$220,000	$101	79
49305 Hwy 74 Spc 49	0.12mi	3/2.0 (+1)	1,920 (-9%)	5mo	$255,000	$133	70

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.6% rent growth · sell at horizon

5-year hold

• IRR: 24.2%
• Equity multiple: 1.98×
• Total profit: $70,897
• Equity at exit: $38,618

10-year hold

• IRR: 31.1%
• Equity multiple: 3.63×
• Total profit: $190,640
• Equity at exit: $22,394

Cash invested: $72,520 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 92260

• Rents YoY: 1.6%
• Active inventory: 545
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $4,310 high
• Mortgage (P&I): −$1,358
• Tax from tax record: −$70 /mo · $845/yr
• Insurance: −$108
• HOA: −$1
• Vacancy / Maint / Mgmt: −$905
• Net cashflow: $1,868

Break-even live

Break-even rent $1,946

Max offer price $259,000

Occupancy floor 52%

Sensitivity live

Price	-10% $2,014	-5% $1,941	+0% $1,868	+5% $1,794	+10% $1,721
Rent	-10% $1,527	-5% $1,697	+0% $1,868	+5% $2,038	+10% $2,208
Rate	-1.0pp $1,998	-0.5pp $1,933	base $1,868	+0.5pp $1,800	+1.0pp $1,732

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $64,750
• Closing costs: $7,770
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
72304 Blueridge Ct Palm Desert, CA	2.0	2.0	1786	$4,000	$2.24	10d	1	0.35mi
48983 Canyon Crest Ln Unit 1 Palm Desert, CA	3.0	2.0	1892	$2,300	$1.22	0d	1	0.41mi
72417 Rolling Knolls Dr Palm Desert, CA	3.0	2.0	1548	$6,500	$4.20	44d	1	0.49mi
72346 Sommerset Dr Palm Desert, CA	2.0	2.0	1440	$3,950	$2.74	44d	1	0.55mi
72350 Rim Dr Palm Desert, CA	3.0	3.0	1744	$3,800	$2.18	15d	1	0.64mi
72409 Glenview Cir Palm Desert, CA	3.0	2.0	1786	$2,700	$1.51	18d	1	0.67mi
72499 Desert Flower Dr Palm Desert, CA	3.0	2.0	1786	$3,400	$1.90	44d	1	0.74mi
73103 Ajo Ln Palm Desert, CA	2.0	3.0	1689	$8,250	$4.88	0d	1	0.79mi
48624 Torrito Ct Palm Desert, CA	2.0	2.0	1745	$7,000	$4.01	0d	1	0.89mi
73153 Ajo Ln Palm Desert, CA	2.0	2.0	1585	$4,500	$2.84	3d	1	1.03mi
72818 Skyward Way Palm Desert, CA	3.0	2.0	1810	$4,000	$2.21	44d	1	1.11mi
73422 Irontree Dr Palm Desert, CA	2.0	2.5	1502	$3,500	$2.33	4d	1	1.19mi
73407 Foxtail Ln Palm Desert, CA	2.0	2.0	1426	$2,600	$1.82	44d	1	1.19mi
73405 Foxtail Ln Palm Desert, CA	3.0	2.5	1525	$4,000	$2.62	44d	1	1.19mi
73416 Mariposa Dr Palm Desert, CA	2.0	2.0	1685	$5,000	$2.97	44d	1	1.19mi
73429 Foxtail Ln Palm Desert, CA	2.0	3.0	1525	$3,250	$2.13	44d	1	1.23mi
73441 Foxtail Ln Palm Desert, CA	2.0	2.0	1426	$3,495	$2.45	44d	1	1.24mi
73335 Oriole Ct Palm Desert, CA	2.0	2.0	1700	$6,500	$3.82	44d	1	1.32mi
73503 Foxtail Ln Palm Desert, CA	2.0	3.0	1502	$2,800	$1.86	19d	1	1.35mi
48910 Noline Pl Palm Desert, CA	2.0	2.0	1512	$7,000	$4.63	3d	1	1.38mi
73110 Calliandra St Palm Desert, CA	3.0	3.0	2973	$7,000	$2.35	44d	1	1.40mi
73095 Deer Grass Dr Palm Desert, CA	3.0	2.0	2554	$15,000	$5.87	0d	1	1.41mi
73055 Amber St Palm Desert, CA	3.0	2.5	2534	$9,250	$3.65	44d	1	1.42mi
73680 Irontree Dr Palm Desert, CA	2.0	2.5	1819	$6,500	$3.57	3d	1	1.43mi
73409 Little Bend Trl Palm Desert, CA	3.0	3.0	1847	$4,000	$2.17	25d	1	1.44mi
73428 Little Bend Trl Palm Desert, CA	3.0	2.0	1885	$4,500	$2.39	11d	1	1.48mi

HOA detail

• Monthly dues: $1 · $12/yr
• Likely covers: poolgym

Listing history 41 events

1. 2026-06-18
   days on market $259,000 Active 147 DOM
2. 2026-06-17
   days on market $259,000 Active 146 DOM
3. 2026-06-16
   days on market $259,000 Active 145 DOM
4. 2026-06-15
   days on market $259,000 Active 144 DOM
5. 2026-06-13
   days on market $259,000 Active 142 DOM
6. 2026-06-09
   days on market $259,000 Active 138 DOM
7. 2026-06-08
   days on market $259,000 Active 137 DOM
8. 2026-06-07
   days on market $259,000 Active 136 DOM
9. 2026-06-04
   days on market $259,000 Active 133 DOM
10. 2026-06-03
    days on market $259,000 Active 132 DOM
11. 2026-06-02
    days on market $259,000 Active 131 DOM
12. 2026-06-01
    days on market $259,000 Active 130 DOM
13. 2026-05-31
    days on market $259,000 Active 129 DOM
14. 2026-02-28
    price $259,000 1057-char remark

    Show marketing remark (1057 chars)

    BRAND NEW WINDOWS READY FOR THE SUMMER MONTHS!! Welcome to the peaceful retreat of Silver Spur Community in South Palm Desert. Located right off highway 74 near popular hiking and the world famous El Paseo, this community features a resort style pool & spa with incredible mountain views, a clubhouse with billiards, bocce, a fitness center and other great amenities, all tailored to fit the relaxing desert atmosphere. This property has been meticulously maintained and has 4 spacious bedrooms and 2 remodeled bathrooms. There is a large sun porch off the front of the home and a private patio makes great use of the rear space of the property. The driveway has enough space for 3 vehicles and is covered, all while offering direct access to the home. Over 2,100 SqFt of interior space ensures there is room for all, even when entertaining. Land space fees are $950 per month and include access to the community amenities. 5 windows very recently replaced in the bedrooms, and living room. Call today to see this amazing South Palm Desert property!

15. 2026-01-22
    listed $279,000 Active 1057-char remark

    Show marketing remark (1057 chars)

    BRAND NEW WINDOWS READY FOR THE SUMMER MONTHS!! Welcome to the peaceful retreat of Silver Spur Community in South Palm Desert. Located right off highway 74 near popular hiking and the world famous El Paseo, this community features a resort style pool & spa with incredible mountain views, a clubhouse with billiards, bocce, a fitness center and other great amenities, all tailored to fit the relaxing desert atmosphere. This property has been meticulously maintained and has 4 spacious bedrooms and 2 remodeled bathrooms. There is a large sun porch off the front of the home and a private patio makes great use of the rear space of the property. The driveway has enough space for 3 vehicles and is covered, all while offering direct access to the home. Over 2,100 SqFt of interior space ensures there is room for all, even when entertaining. Land space fees are $950 per month and include access to the community amenities. 5 windows very recently replaced in the bedrooms, and living room. Call today to see this amazing South Palm Desert property!

16. 2026-01-22
    historical

    Show marketing remark (1057 chars)

    BRAND NEW WINDOWS READY FOR THE SUMMER MONTHS!! Welcome to the peaceful retreat of Silver Spur Community in South Palm Desert. Located right off highway 74 near popular hiking and the world famous El Paseo, this community features a resort style pool & spa with incredible mountain views, a clubhouse with billiards, bocce, a fitness center and other great amenities, all tailored to fit the relaxing desert atmosphere. This property has been meticulously maintained and has 4 spacious bedrooms and 2 remodeled bathrooms. There is a large sun porch off the front of the home and a private patio makes great use of the rear space of the property. The driveway has enough space for 3 vehicles and is covered, all while offering direct access to the home. Over 2,100 SqFt of interior space ensures there is room for all, even when entertaining. Land space fees are $950 per month and include access to the community amenities. 5 windows very recently replaced in the bedrooms, and living room. Call today to see this amazing South Palm Desert property!

17. 2026-01-03
    price $287,900
18. 2025-12-28
    price $287,500
19. 2025-12-12
    price $287,900
20. 2025-12-05
    price $287,500
21. 2025-11-30
    price $287,800
22. 2025-11-27
    price $297,500
23. 2025-11-07
    price $297,900
24. 2025-10-29
    price $297,500
25. 2025-10-16
    price $297,900
26. 2025-10-12
    price $279,900
27. 2025-09-18
    price $296,900
28. 2025-09-11
    price $297,900
29. 2025-08-14
    listed $299,800 Active
30. 2020-12-13
    historical
31. 2020-12-11
    soldstatus $96,000 Closed
32. 2020-12-01
    status Pending
33. 2020-10-29
    historical Active Under Contract
34. 2020-08-21
    status Active
35. 2020-08-18
    status Pending
36. 2020-06-05
    listed $96,000 Active
37. 2020-02-18
    historical
38. 2020-02-18
    status Pending
39. 2019-09-09
    status Active
40. 2019-09-04
    historical Contingent
41. 2019-08-21
    listed $98,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $845 · $70/mo
• Projected year-2 tax: $1,968 · $164/mo
• Expected delta: +$1,123/yr (+$94/mo · 132.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 10 d/yr ≥107°F today · 28 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $51,723
• − Mortgage interest: −$14,508
• − Property taxes: −$845
• − Insurance: −$1,295
• − Repairs & maintenance: −$4,138
• − Management: −$4,138
• − HOA: −$12
• − Depreciation: −$7,535
• Taxable income: $19,253
• Est. tax owed @ 24.0%: −$4,621
• After-tax cash flow: $17,790/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Desert Sands Unified
• NCES district ID: 0611110
• Math proficiency: 31% ▼ -4.00%
• Reading proficiency: 56% ▲ 7.00%
• Median HH income: $54,957
• Composite: 37.77/100
• National rank: #4346
• State rank: #199 of 517 in CA

Livability — Palm Desert

• Score: 51/100
• State rank: #1050
• US rank: #25164

Category grades

Amenities F Commute F Cost of living F Crime D Employment B+ Housing B Health & safety B- User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palm Desert, CA
• County: Riverside County · 2,287,001 people
• City population: 58,615
• Metro: Riverside-San Bernardino-Ontario, CA
• Population (ZIP): 30,523
• Household income: $70,091
• Rent vs Own: 36.2% rent · 63.8% own
• Severe rent burden: 1734.0

Population outlook (Riverside County) Hauer SSP2

• Today (2025): 2,664,475 people
• By 2030: 2,802,692 · +5.2%
• By 2040: 3,050,904 · +14.5%
• By 2050: 3,256,783 · +22.2%
• By 2075: 3,655,058 · +37.2%
• By 2100: 3,766,594 · +41.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (61%)
• Race & ethnicity: White 61% Hispanic / Latino 31% Two or more races 20% Asian 4% Black 2%
• Hispanic origin (detail): Mexican 25%
• Common ancestry: Italian 4% Lithuanian 3% Slovak 2%
• Foreign-born: 18% · Canada, South Korea, Vietnam
• Languages at home: 73% English-only · Spanish 22% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Riverside

• 2024 margin: Toss-up / Even · D 48.0% · R 49.3% · Other 2.6%
• 2008→2024 swing: -3.6pp toward R · 2008: 2.3pp · 2024: -1.3pp
• All cycles: 2024: R+1.3 2020: D+8.0 2016: D+4.3 2012: R+0.4 2008: D+2.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -364.94%
• Current HPI: 294.9425
• Rent YoY: ▲ 1.60%
• Metro: Riverside-San Bernardino-Ontario, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+164.3% since first listed

28 events — show timeline

• 2026-02-28 Price Changed $259,000 GPSMLS
• 2026-01-22 Listing Removed — GPSMLS
• 2026-01-22 Listed $279,000 GPSMLS
• 2026-01-03 Price Changed $287,900 GPSMLS
• 2025-12-28 Price Changed $287,500 GPSMLS
• 2025-12-12 Price Changed $287,900 GPSMLS
• 2025-12-05 Price Changed $287,500 GPSMLS
• 2025-11-30 Price Changed $287,800 GPSMLS
• 2025-11-27 Price Changed $297,500 GPSMLS
• 2025-11-07 Price Changed $297,900 GPSMLS
• 2025-10-29 Price Changed $297,500 GPSMLS
• 2025-10-16 Price Changed $297,900 GPSMLS
• 2025-10-12 Price Changed $279,900 GPSMLS
• 2025-09-18 Price Changed $296,900 GPSMLS
• 2025-09-11 Price Changed $297,900 GPSMLS
• 2025-08-14 Listed $299,800 GPSMLS
• 2020-12-13 Listing Removed — GPSMLS
• 2020-12-11 Sold (MLS) $96,000 GPSMLS
• 2020-12-01 Pending — GPSMLS
• 2020-10-29 Contingent — GPSMLS
• 2020-08-21 Relisted — GPSMLS
• 2020-08-18 Pending — GPSMLS
• 2020-06-05 Listed $96,000 GPSMLS
• 2020-02-18 Listing Removed — GPSMLS
• 2020-02-18 Pending — GPSMLS
• 2019-09-09 Relisted — GPSMLS
• 2019-09-04 Contingent — GPSMLS
• 2019-08-21 Listed $98,000 GPSMLS

Property tax history

+5.5%/yr

Latest (2025): $845 · +2.1% YoY. Source: county tax records.