Cathedral City Homes with Apartment Subtype

Welcome to Cathedral City, California – a hidden gem nestled in the heart of Riverside County, where the stunning desert landscape meets a vibrant community. Known for its picturesque views of the San Jacinto Mountains and a warm, inviting climate, Cathedral City is an ideal destination for those seeking a blend of relaxation and adventure.

This dynamic city is not only rich in natural beauty but also teeming with cultural attractions, shopping venues, and recreational activities. From the lively local art scene to the annual festivals that celebrate the diverse community, there’s always something happening in Cathedral City. Outdoor enthusiasts can enjoy hiking trails, golf courses, and nearby attractions like the breathtaking Joshua Tree National Park, making it a perfect playground for nature lovers.

When it comes to real estate, Cathedral City offers a unique opportunity for homebuyers, particularly those interested in homes with apartment subtypes. These multifamily properties provide flexibility and versatility, whether you’re looking to invest in rental opportunities or seeking a spacious home with additional living quarters for family or guests. With a variety of styles and sizes available, you can find a property that perfectly fits your lifestyle and budget.

Imagine waking up to stunning mountain views, enjoying the vibrant local community, and having the option to generate rental income from your apartment unit. Cathedral City is not just a place to live; it’s a lifestyle choice that combines comfort, convenience, and the charm of Southern California living. Explore the possibilities and discover why Cathedral City is the perfect place to call home!

Newest Cathedral City Homes with Apartment Subtype

$1,800,000

PW26156345 MLS ⋅ Active Status

We are pleased to present Bankside Apartments, well-maintained and upgraded 12-unit apartment community located in Cathedral City, CA. The property offers an attractive unit mix consisting of spacious, single-story Studio, 1-bedroom, and 2-bedroom units. Eleven of the twelve units have been thoughtfully renovated with wood-look porcelain tile flooring, upgraded kitchens and bathrooms, stainless sinks, and dual-pane windows. The community features a sparkling swimming pool within a gated courtyard, central heating and air conditioning, an on-site laundry facility, open parking, and all-new electrical panels. Bankside Apartments presents a compelling value-add opportunity with approximately 45% upside in rental income. Through the continued implementation of market rents, a new owner has the potential to significantly increase cash flow and achieve an estimated 8.2% capitalization rate, making this an attractive investment in one of the Coachella Valley’s strongest rental markets.

37250 Bankside Drive, Cathedral City

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.