See all 14 photos

$1,725,000

Est. payment - /mo

Save

12 Beds

6 Baths

4,900 SqFt

New

68080 Risueno RD Cathedral City, CA 92234

Save

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Thu

Oct

Fri

Oct

Sat

Oct

Chris Mardelli

chris@therealupside.com +1(310) 571-5761

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,900 sqft

Price per Sqft $352

Subdivision Panorama

MLS Listing ID 25602401

Bedrooms 12

HOA Y/N No

Year Built 1962

Lot Size 0.390 Acres

Property Description

RARE INVESTOR OPPORTUNITY- Introducing four turn-key, Free-standing Homes on two combined lots with RTI Plans for additional development. Two homes are currently Vacant and ready for market-rents. Long rental history and low vacancies. Each turn-key property has its own private backyard space, parking, and shares a communal pool: A true Oasis Compound. While the homes are ready to generate income NOW at a 6% CAP, the fully entitled and approved plans allow the next owner to build an additional 2 homes, 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

Pool Fenced, In Ground, Private

Total Parking Spaces 8

Private Pool Yes

Building

Story 1

Entry Level One

Architectural Style Mid-Century Modern

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 675253030

Special Listing Condition Standard

Listed by Ernie Carswell Sotheby's International Realty

Quick Search Links

There are 32 quick searches