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Listed by: Spencer Daley (805) 469-6752 DRE #02005446, Ernie Carswell DRE #01111566 | Sotheby's International Realty (310) 724-7000
$1,595,000
12 Beds
6 Baths
4,900sqft
68080 Risueno Rd, Cathedral City, CA 92234
$1,595,000
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Multi Family
Built in 1962
$-- HOA
16,988 sqft lot
$326/sq.ft
Description
RARE INVESTOR OPPORTUNITY- Introducing four turn-key, Free-standing Homes on two combined lots with RTI Plans for additional development. One home is currently Vacant and ready for market-rents. Long rental history and low vacancies. Each turn-key home consists of 2 BD, 1 BTH and 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 6.5% 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 $14-$15K in gross return at just today's market rates. This is a rare chance to cre...
Continue Reading- Houzeo last checked: 7 Minutes ago
- Listing updated: November 24, 2025 at 6:52 pm
- Source: California Regional MLS-CA | MLS#: 25602401
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1962
HOA Fees
-
Finished Area
4,900 sqft
Lot Size
16,988 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
25602401
MLS Status
Active
Days on Market
61
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