69180 Victoria Drive, Cathedral City, CA 92234

Cathedral City
Local realty services provided by:ERA Donahoe Realty
69180 Victoria Drive,Cathedral City, CA 92234
$2,949,000
  • 30 Beds
  • 20 Baths
  • 12,300 sq. ft.
  • Multi-family
  • Active
Listed by: albert e catalano
Office: century 21 affiliated fine homes & estates
MLS#:219145029
Source:CA_DAMLS

Price summary

  • Price:$2,949,000
  • Price per sq. ft.:$239.76

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 #:219145029
  • Added:17 day(s) ago
  • Updated:April 03, 2026 at 02:38 PM

Rooms and interior

  • Bedrooms:30
  • Total bathrooms:20
  • Full bathrooms:20
  • Flooring:Tile
  • Living area:12,300 sq. ft.

Heating and cooling

  • Cooling:Air Conditioning
  • Heating:Central

Structure and exterior

  • Year built:1982
  • Building area:12,300 sq. ft.
  • Lot area:0.8 Acres
  • Levels:2 Story, Two Levels

Utilities

  • Sewer:Connected and Paid, In

Finances and disclosures

  • Price:$2,949,000
  • Price per sq. ft.:$239.76

Features and amenities

  • Pool features:Community, In Ground
Based on information from the California Desert Association of REALTORS® as of April 3, 2026. 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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