37250 Bankside Drive, Cathedral City, CA 92234

Cathedral City
Local realty services provided by:ERA Excel Realty
37250 Bankside Drive,Cathedral City, CA 92234
$1,800,000
  • - Beds
  • - Baths
  • 6,680 sq. ft.
  • Multi-family
  • Active
Listed by: ryan loria
Office: triqor group949-756-3232
MLS#:PW26156345
Source:CRMLS

Price summary

  • Price:$1,800,000
  • Price per sq. ft.:$269.46

About this home

We are pleased to present Bankside Apartments, well-maintained and upgraded 12-unit apartment community located in Cathedral City, CA. The property offers an attractive unit mix consisting of spacious, single-story Studio, 1-bedroom, and 2-bedroom units. Eleven of the twelve units have been thoughtfully renovated with wood-look porcelain tile flooring, upgraded kitchens and bathrooms, stainless sinks, and dual-pane windows. The community features a sparkling swimming pool within a gated courtyard, central heating and air conditioning, an on-site laundry facility, open parking, and all-new electrical panels. Bankside Apartments presents a compelling value-add opportunity with approximately 45% upside in rental income. Through the continued implementation of market rents, a new owner has the potential to significantly increase cash flow and achieve an estimated 8.2% capitalization rate, making this an attractive investment in one of the Coachella Valley’s strongest rental markets.

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Home facts

  • Year built:1963
  • Listing ID #:PW26156345
  • Added:3 day(s) ago
  • Updated:July 21, 2026 at 11:02 AM

Rooms and interior

  • Living area:6,680 sq. ft.

Structure and exterior

  • Year built:1963
  • Building area:6,680 sq. ft.
  • Lot area:0.36 Acres
  • Lot Features:Irregular Lot

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,800,000
  • Price per sq. ft.:$269.46

Features and amenities

  • Pool features:Private

Parking

  • Total parking spaces:12
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