68080 Risueno Road, Cathedral City, CA 92234

Local realty services provided by:ERA North Orange County Real Estate
68080 Risueno Road,Cathedral City, CA 92234
$1,595,000
  • 12 Beds
  • 6 Baths
  • 4,900 sq. ft.
  • Multi-family
  • Active
Listed by: ernie carswell, spencer daley
Office: sotheby's international realty
MLS#:25602401
Source:CRMLS

Price summary

  • Price:$1,595,000
  • Price per sq. ft.:$325.51

About this home

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 6.5% 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 $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...

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Home facts

  • Year built:1962
  • Listing ID #:25602401
  • Added:46 day(s) ago
  • Updated:November 21, 2025 at 03:32 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:6
  • Living area:4,900 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central Furnace

Structure and exterior

  • Year built:1962
  • Building area:4,900 sq. ft.
  • Lot area:0.39 Acres

Finances and disclosures

  • Price:$1,595,000
  • Price per sq. ft.:$325.51
Based on information from California Regional Multiple Listing Service, Inc. as of November 23, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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