69180 Victoria Drive, Cathedral City, CA 92234

Cathedral City
Local realty services provided by:ERA Excel Realty
69180 Victoria Drive,Cathedral City, CA 92234
$2,949,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: albert catalano
Office: century 21 affiliated fine homes & estates
MLS#:219145029DA
Source:CRMLS

Price summary

  • Price:$2,949,000

About this home

This fully leased, ten-unit property features spacious three-bedroom, two-bath residences averaging approximately 1,230 square feet--each equipped with in-unit laundry, private patios, and covered carport parking. Residents enjoy a premier amenity package, including a resort-style pool and tennis court, all on a well-maintained 0.8-acre site.Strategically located just off the Rancho Mirage border, the property delivers central access to Palm Springs and Palm Desert, in a submarket characterized by increasing rents and enduring demand. Operations are optimized through separately metered utilities, tenant-paid water and trash, and solar-paned common areas, resulting in stable net operating income and low management intensity. Current collections reach an annualized $250,512 in rent and $254,512 effective gross income, supporting a strong in-place cap rate of 6% at the offering price of $2,949,000.Further value lies in the potential conversion of the existing rear ADU into an...

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Home facts

  • Year built:1982
  • Listing ID #:219145029DA
  • Added:1 day(s) ago
  • Updated:March 19, 2026 at 12:45 AM

Rooms and interior

  • Flooring:Tile

Heating and cooling

  • Heating:Central

Structure and exterior

  • Year built:1982
  • Lot area:0.8 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$2,949,000

Features and amenities

  • Pool features:Community, In Ground

Parking

  • Total parking spaces:20
  • Parking description:10 Carport Space(s), Covered, Driveway
  • Carport spaces:10
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