Homes for sale - 69180 Victoria DR, Cathedral City, CA 92234

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Noelle Longmeyer

nlongmeyer@gmail.com +1(714) 514-5643

$3,295,000

Est. payment - /mo

0.8 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 219141857DA

HOA Y/N No

Year Built 1982

Lot Size 0.800 Acres

Property Description

This fully leased, ten-unit property features spacious three-bedroom, two-bath residences averaging approximately 1,230 square feet--each equipped with in-unit laundry, private patios, and covered carport parking. Residents enjoy a premier amenity package, including a resort-style pool and tennis court, all on a well-maintained 0.8-acre site.Strategically located just off the Rancho Mirage border, the property delivers central access to Palm Springs and Palm Desert, in a submarket characterized by increasing rents and enduring demand. Operations are optimized through separately metered utilities, tenant-paid water and trash, and solar-paned common areas, resulting in stable net operating income and low management intensity. Current collections reach an annualized $250,512 in rent and $262,512 effective gross income, supporting a strong in-place cap rate of 6.19% at the offering price of $3,295,000.Further value lies in the potential conversion of the existing rear ADU into an income-generating unit and the possibility for redevelopment of the tennis court area, pending buyer verification. This asset represents a rare blend of immediate yield and development upside--an attractive proposition for institutional and private investors seeking both stable returns and long-range growth in one of Southern California's most resilient rental markets.

Location

State CA

County Riverside

Area 336 - Cathedral City South

Interior

Fireplace No

Exterior

Carport Spaces 10

Total Parking Spaces 10

Building

Story 2

Others

Tax ID 673141001

Special Listing Condition Standard

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Listed by Albert Catalano Century 21 Affiliated Fine Homes & Estates

Nearby Locations

SCHOOLS PROPERTIES

Elementary Schools 7

6

Sunny Sands Elementary School

Public | KG - 5
5

Landau Elementary School

Public | KG - 5
4

Agua Caliente Elementary School

Public | KG - 5
1

Cathedral City Elementary School

Public | KG - 5
0

King's Schools of the Desert

Private | PK - 8
0

Stepping Stones

Private | KG - KG
0

Palm Valley School

Private | PK - 12

Middle Schools 2

5

James Workman Middle School

Public | 6 - 8
3

Nellie N. Coffman Middle School

Public | 6 - 8

High Schools 3

6

Cathedral City High School

Public | 9 - 12
6

Rancho Mirage High School

Public | 9 - 12
0

Mt. San Jacinto High School

Public | 9 - 12

School and business data provided by Attom Data.

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Noelle Longmeyer

+1(714) 514-5643

Agent | License ID: 01313351

Agent License ID: 01313351

69180 Victoria DR Cathedral City, CA 92234

Noelle Longmeyer

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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