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Lido Delgado

lido.delgado@engelvoelkers.com +1(818) 913-3695

$ 1,725,000

Est. payment -/mo

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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 $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

Lido Delgado

Advisor | License ID: 02048205

+1(818) 913-3695

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