27700 Avenida Terrazo, Cathedral City, CA 92234 (MLS # 219132613DA)

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PRICE $1,680,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 18,731 sqft

Rare opportunity to acquire 7 single-story units on a quiet street in an up-and-coming residential neighborhood featuring newly remodeled larger, modern homes. The building has great curb appeal on a large lot that could potentially be further developed. There are 6, 1-bed 1-bath units and 1, 2-bed 2-bath unit. Each unit has a small enclosed front patio, adding to the desirability. Most units have thoroughly updated kitchens, flooring, air conditioning, and window treatments, and are contemporary, not dated. Bathrooms are modern, and each unit is kept painted. All 7 units have separate gas and electric meters. An on-site laundry provides additional income and attracts tenants. There are multiple long-term tenants. Proforma Rent 109,920 + Laundry 797.95 = 110717.95 Gross RevenueExpenses: Taxes - 22,086.16; Insurance 4,864.50; Electric 1,025.08; Gas - 1,254.01; Water - 886.27; Landscaping - 2,400 = 29,350.66 Total Expenses Net Income : 81,367.29

DAYS ON MARKET 1 LAST UPDATED 7/11/2025
YEAR BUILT 1983 COMMUNITY 335 - Cathedral City North
COUNTY Riverside STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Central Air, Electric, Gas, Heat Pump
AIR CONDITIONING Yes
APPLIANCES Water Heater
AREA 335 - Cathedral City North
HEAT Central, Heat Pump
LOT 0.43 acre(s)
PARKING Guest, Unassigned
SEWER Unknown
STORIES 1
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Grossman Real Estate

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