Excellent opportunity to own a residential income-generating triplex in a strong rental market in Cathedral City. Located at 29395 Avenida La Paz, this well-positioned property features three fully rented units, providing immediate and consistent cash flow.The unit mix includes:Unit #1: 3 bedrooms / 2 bathrooms. Unit #2: 3 bedrooms / 2 bathrooms. Unit #3: 1 bedroom / 1 bathroomThe property also offers two separate 2-car garages, adding value and convenience for tenants.This is an ideal opportunity for investors seeking stable rental income or for owner-occupants looking to live in one unit while generating income from the others. The property is situated in a desirable location with high rental demand, close to shopping, dining, schools, and major commuter routes.With strong tenant occupancy, an attractive unit mix, and solid long-term income potential, this property presents a compelling addition to any investment portfolio. Do not miss this opportunity to secure a multi-unit property in a thriving rental market.
We are proud to present 27700 Avenida Terrazo, a compelling 7-unit multifamily investment opportunity in the highly desirable Coachella Valley market and the thriving city of Cathedral City. This well-located asset sits directly across from the DoubleTree by Hilton Hotel Golf Resort Palm Springs, providing tenants with a premium location and unparalleled convenience to essential retail and lifestyle amenities. Its prime positioning offers quick access to destinations like Starbucks, Stater Bros. Market, Denny’s, CVS, and Jack in the Box, all within walking distance. The area also benefits from proximity to acclaimed leisure spots, including Escena Golf Club and Cimarron Golf Resort, and is within a short driving distance of the world-class shopping and luxury retail of the Palm Springs desert, including the famed El Paseo Shopping District (The Rodeo Drive of the Desert) in Palm Desert. 27700 Avenida Terrazo is a one-story, 7-unit multifamily property spanning a generous ±19,731 SF lot size with a ±4,200 SF building size. It features an excellent unit mix designed for broad appeal: six 1-bedroom/1-bathroom units and one 2-bedroom/2-bathroom unit, averaging a comfortable size of 600 SF each. Built in 1983, the construction is low-maintenance, featuring a Spanish tile roof and low-water-use desert landscaping with decorative rock features and mature palm trees. Further enhancing the investment profile, the property offers a highly desirable amenity set including fully equipped kitchens with Stainless Steel appliances and modern backsplashes, alongside upgraded bathrooms and kitchens (in select units). Residential comfort is provided through tile flooring for easy maintenance, in-unit features such as ceiling fans and vertical blinds, and wall air and heating. Each unit benefits from an individual private porch, and the property provides tenants with a convenience package featuring an on-site laundry facility, decorative security screen doors, and a plethora of on-site surface parking. This stable, well-maintained unit base provides immediate income stability and is an attractive offering for residents seeking quality housing in a convenient, well-established location. The property offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange buyer.
The Jasper is a one-of-a-kind opportunity to acquire 19 Multi-Family Units (currently under construction and estimated to be completed in Q1 2026) with an infill downtown location in fast-growing Cathedral City, which is currently experiencing a major development renaissance. This well-located property is off of the main arterial road ''Hwy. 111/East Palm Canyon Drive'' and is nearby the newly constructed and opened ''Agua Caliente Casino'' which created over 500 new jobs, with over 500 new slot/gaming machines & table games, and several new restaurants. Additional new retail is under construction to the east including Starbucks, Chipotle, Farmer Boys, and Circle K. This project is truly a prime pedestrian-oriented development. Furthermore, The Jasper is located within the state's Qualified Opportunity Zone (rare for superior locations like this), which can allow for significant capital gains tax savings for qualified investors.
Mid-century style with class. Wonderfully upgraded. Set up as a main house and a guest house attached by a breezeway. Main house is 1 Bedroom, 1 Full Bath approximately 850 sq. ft. Guest house is also 1 bedroom, 1 Full Bath approximately 650 sq. ft. The Guest House is a permitted ADU (Accessory Dwelling Unit).Classic stone wall on South and East sides of nearly 1/4 acre lot. Hand painted wrought iron gates. Main house has a large great room with fireplace, 1 bedroom, 1 full bath and a galley kitchen. Guest house has a living room, bedroom, large bathroom with a shower over a Roman tub and dual vanity, a small galley kitchen, and a large walk in closet. Guest House is a permitted ADU.Bathrooms and kitchens of both units have beautiful granite counter tops, custom cherry wood cabinets and white subway tile walls. This charming home has 1' x 2' rectangular Italian porcelain tile. Neutral carpet in bedrooms. Recently painted plaster walls. Ceiling fans in all rooms except kitchens and baths. Owned (Financed) SOLAR over the garage is barely visible. Foam roof insulates and helps keep the house cool! Double pane windows also help save money and keep the home cool. HVAC system (heat pump) for the Main House was replaced during the summer of 2024. Each unit has its own stackable washer and dryer. All appliances included. 2 hot water heaters, 2 ranges, 2 dishwashers, and 2 refrigerators. 1 year home warranty being offered. Great rental property or primary or secondary home. Live full-time in one unit and rent out the other unit, seasonally or long term. Short Term R allowed as long as you live in one of the units fulltime.Recently re-landscaped. Very large side yard is the perfect place to add your own pool and spa. Wonderful mountain and some city light views. Attached spacious 2 car garage with shelves for storage. Separate storage room attached to the garage.The Cathedral City Cove is a highly desirable friendly and diverse neighborhood. Most homeowners know their neighbors. It's centrally located near downtown Cathedral City with its theaters, restaurants and the Agua Caliente Casino. 15 minutes from downtown Palm Springs and El Paseo.Sewers were installed and the streets were repaved around 2007. 30 year sewer assessment ends in 2035. The assessment for this property is approximately $1,588 per year. Paid with your property taxes. You'll be proud to call this house hom
MID-CENTURY MODERN POOL HOME W/ GREAT VALLEY AND MOUNTAIN VIEWS!!! GUEST HOUSE AND STUDIO APT, Top of Cathedral City Cove!!! This is a legal 3 unit property per city, in an area of single family homes IN THE UPPER COVE.
Newly Built 2024 Home with Income-Producing ADU in Cathedral City – Total Building square footage 2,846. Welcome to this stunning brand-new single-family residence, including a detached ADU with its own private entrance. Both units include versatile living options and energy efficient upgrades such as Solar panels, energy saving windows and insulation, high efficiency HVAC systems and tankless water heaters. The main home offers 3 spacious bedrooms, 2 bathrooms, an open floor plan with a spacious kitchen with quartz countertops, plenty of cabinets/storage plus a comfortable living area perfect for entertaining and an attached 2-car garage. The home and ADU are both equipped with paid off solar panels, which is perfect for reducing utility costs. Adding incredible value to the property is a detached ADU, built and completed at the same time in 2024. The ADU offers 2 bedrooms, 1 bathroom, an upgraded kitchen with quartz countertops, cabinets/storage and its own 1-car garage and solar panels. This property is ideal for an extended family, guests, or rental income. Both units are currently rented on a Month-to-Month basis, generating a combined $4,400 per month, making this property a fantastic investment opportunity. Buyers can even qualify for financing using the rental income from one unit while living in the other—an unbeatable way to offset costs. Perfect for large families or savvy investors, this home is conveniently located in the heart of Cathedral City, close to shopping, dining, and easy freeway access. Don’t miss your chance to own this unique dual-unit property offering comfort, sustainability, and income potential all in one!
A Lucrative Investment Opportunity!! On a rare premium view lot! Come see this modern, desert-chic, 3 Bedroom 2 1/2 Bathroom, Cathedral City retreat that screams sophistication and opportunity! Spacious, light-filled interiors with sleek finishes invite relaxation, while three inviting bedrooms and two spa-inspired bathrooms, offer comfort and style. Outside, a private oasis with mountain views beckons…. perfect for starlit evenings by the private salt-water pool and spa. Resort-style amenities are available to all Airbnb and VRBO guests: 34 sparkling community pools & spas, 27-hole PGA championship golf, tennis & pickleball courts, a renovated fitness center, spa & wellness center, and a vibrant clubhouse-elevate the lifestyle. With a Tesla charger and eco-friendly touches, it's turnkey for eco-conscious buyers. An investor's dream, this property shines as a high-demand Airbnb or VRBO, promising lucrative returns in the heart of Desert Princess Country Club's active, upscale community. Plus, your guests are just blocks away from the buzzing scene in Palm Springs. Prime, profitable, and picture-perfect-ready for its next savvy owner! Booking rate of 80% up until 4/2025. Please see attached Supplement. #PalmSprings #DesertPrincess #DesertPrincessCountryClub #AirbnbPalmSprings #VRBOPalmSprings
Cathedral City is located in California. Cathedral City, California has a population of 51,836. Cathedral City is less family-centric than the surrounding county with 26.23% of the households containing married families with children. The county average for households married with children is 35.14%.
The median household income in Cathedral City, California is $56,671. The median household income for the surrounding county is $76,066 compared to the national median of $69,021. The median age of people living in Cathedral City is 40.3 years.
The average high temperature in July is 107.6 degrees, with an average low temperature in January of 45.4 degrees. The average rainfall is approximately 4.8 inches per year, with 0 inches of snow per year.
