CA > Cathedral City > Panorama
Cathedral City, CA 92234,68080 Risueno Rd
Cathedral City, CA 92234,68080 Risueno Rd
Cathedral City, CA 92234,68080 Risueno Rd
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$1,885,000
Est. payment /mo
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12 Beds
6 Baths
4,900 SqFt
Active

68080 Risueno Rd Cathedral City, CA 92234

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Kristen Riffle

Kristen Riffle

+1(702) 497-0730

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,900 sqft

Price per Sqft $384

Subdivision Panorama

MLS Listing ID 25507085

Style Mid-Century

Bedrooms 12

Year Built 1961

Lot Size 0.390 Acres

Acres 0.18

Property Sub-Type Multi-Family

Property Description

RARE INVESTMENT OPPORTUNITY- Introducing four turn-key, Free-standing Homes on two combined lots with Shovel-Ready RTI Plans for additional development. All four homes are delivered Vacant and updated, with a long rental history and low vacancy. Each turn-key property consists of 2 Bedrooms and 1 Bath, and has its own private backyard space, parking, and shares a sparkling communal poolA true Oasis Compound. While the homes are ready to generate income NOW at a 5.5%- 5.8% CAP, the fully entitled and approved plans allow the next owner to build an additional 2 (2 BD/1 BTH) homes/ADU's, 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...

Location

State CA

County Riverside

Area Cathedral City North

Zoning R1

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment Range/Oven, Dishwasher, Refrigerator, Ceiling Fan, Garbage Disposal, Hood Fan

Exterior

Parking Features Garage - 2 Car, Parking for Guests

Garage Spaces 8.0

Pool In Ground, Fenced, Private

Building

Story 1

Architectural Style Mid-Century

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

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.

Listed by Douglas Elliman
agent
Kristen Riffle

Agent | RE. S.0177577

+1(702) 497-0730 | [email protected]

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68080 Risueno Rd