68080 Risueno Road, Cathedral City, CA 92234

Local realty services provided by:ERA Donahoe Realty
68080 Risueno Road,Cathedral City, CA 92234
$1,725,000
  • 12 Beds
  • 6 Baths
  • 4,900 sq. ft.
  • Multi-family
  • Active
Listed by:ernie carswell
Office:sotheby's international realty
MLS#:25602401
Source:CRMLS

Price summary

  • Price:$1,725,000
  • Price per sq. ft.:$352.04

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% 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:1 day(s) ago
  • Updated:October 07, 2025 at 11:29 PM

Rooms and interior

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

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

Structure and exterior

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

Finances and disclosures

  • Price:$1,725,000
  • Price per sq. ft.:$352.04
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