68080 Risueno Road, Cathedral City, CA 92234 (MLS # 25507085)

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PRICE $1,885,000 dsIDX morgage calculator
BEDS 12
BATHS 6
HOME SIZE 4,900 sqft
LOT SIZE 16,989 sqft

RARE INVESTMENT OPPORTUNITY- Introducing four turn-key, Free-standing Homes on two combined lots with Shovel-Ready RTI Plans for additional development. All four homes are delivered Vacant and updated, with a long rental history and low vacancy. Each turn-key property consists of 2 Bedrooms and 1 Bath, and has its own private backyard space, parking, and shares a sparkling communal poolA true Oasis Compound. While the homes are ready to generate income NOW at a 5.5%- 5.8% 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...

DAYS ON MARKET 11 LAST UPDATED 3/5/2025
TRACT Panorama YEAR BUILT 1961
COMMUNITY Cathedral City North GARAGE SPACES 4.0
COUNTY Riverside STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Disposal, Refrigerator
AREA Cathedral City North
GARAGE Door-Multi, Garage, Guest, Yes
HEAT Central
INTERIOR Ceiling Fan(s)
LOT 0.39 acre(s)
PARKING Door-Multi,Garage,Guest
POOL Yes
POOL DESCRIPTION Fenced,In Ground,Private
STORIES 1
STYLE Mid-Century Modern
SUBDIVISION Panorama
ZONING R1
MORTGAGE CALCULATOR
   

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Listed with Douglas Elliman

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 3/15/25 5:38 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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