27700 Avenida Terrazo, Cathedral City, CA 92234

Local realty services provided by:ERA Excel Realty
27700 Avenida Terrazo,Cathedral City, CA 92234
$1,680,000
  • 8 Beds
  • 7 Baths
  • 4,850 sq. ft.
  • Multi-family
  • Active
Listed by:marc e grossman
Office:grossman real estate
MLS#:219132613
Source:CA_DAMLS

Price summary

  • Price:$1,680,000
  • Price per sq. ft.:$346.39

About this home

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 Revenue Expenses: 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

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Home facts

  • Year built:1983
  • Listing ID #:219132613
  • Added:83 day(s) ago
  • Updated:October 03, 2025 at 02:42 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:7
  • Full bathrooms:7
  • Living area:4,850 sq. ft.

Heating and cooling

  • Cooling:Air Conditioning, Central Air, Electric, Gas, Heat Pump
  • Heating:Central, Heat Pump

Structure and exterior

  • Year built:1983
  • Building area:4,850 sq. ft.
  • Lot area:0.43 Acres

Finances and disclosures

  • Price:$1,680,000
  • Price per sq. ft.:$346.39
Based on information from the California Desert Association of REALTORS® as of October 3, 2025. 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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