REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,788,000
Est. payment /mo
Active
68080 Risueno RD Cathedral City, CA 92234
12 Beds
6 Baths
4,900 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,900 sqft
Price per Sqft $364
Subdivision Panorama
MLS Listing ID 25529355
Bedrooms 12
HOA Y/N No
Year Built 1961
Lot Size 7,840 Sqft
Property Description
Introducing four turn-key, Free-standing Homes on two combined lots with Shovel-Ready RTI Plans for additional development. Currently, 2 out of the 4 units are delivered vacant, with a long rental history and low vacancy. Each turn-key property consists of 2 Bedrooms and 1 Bath, and has their own private backyard space, parking, and shares a sparkling communal pool. A true Oasis Compound. While the homes are ready to generate income NOW at close to 6% CAP, the fully entitled and approved plans allow the next owner to build an additional 2 (2 BD/1 BTH) homes/ADU's, for 6 total, creating an additional stream of income and a potential $15K in gross return at just today's market rates. This is a rare chance to create immediate cash flow with new tenants, live in one home and rent out others, and/or value-add with additional development and increased income. Get in before the $2.2B Palm Springs Airport Expansion. The ultimate canvas for Real Estate Investors in a growing region...
Location
State CA
County Riverside
Area 335 - Cathedral City North
Zoning R1
Interior
Interior Features Ceiling Fan(s)
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Disposal, Refrigerator
Exterior
Parking Features Door-Multi, Garage, Guest
Garage Spaces 4.0
Garage Description 4.0
Total Parking Spaces 8
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 675253030
Special Listing Condition Standard
Listed by Spencer Daley Sotheby's International Realty
GET MORE INFORMATION