28875 Avenida La Paz Active Save Request In-Person Tour Request Virtual Tour
Cathedral City,CA 92234
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,790 sqft
Price per Sqft $232
Subdivision Panorama
MLS Listing ID OC25003581MR
Style Traditional
Bedrooms 6
Year Built 2002
Lot Size 8,712 Sqft
Property Description
**Best Deal in the Coachella Valley! 6 Bedrooms, 4 Bathrooms Duplex Investment with Huge Upside Potential** This is a **rare opportunity** to own a well-maintained duplex in **Cathedral City**, just minutes from Palm Springs, at an unbeatable price. Featuring **6 bedrooms** and **4 bathrooms** across two spacious 3-bedroom, 2-bathroom units, this property offers **under-market rents** and incredible income potential. The current rents of **$1,500 per unit** are far below what similar units in the area are commanding **pro forma rent is $2,700 per unit**, making this a high-return opportunity! Comparable properties in the area have recently sold for **$835,000** and **$765,000**, but you can secure this **exceptional investment for just $655,000** the **best deal in the Coachella Valley**! Located in the heart of one of Southern California s most sought-after regions, this duplex is a perfect blend of **affordable living** and **prime investment value**. The Coachella Valley is famous for its **year-round sunshine**, stunning mountain views, and proximity to top attractions like **Joshua Tree National Park**, **the Coachella Music Festival**, and the **Living Desert Zoo**. With strong demand for rental properties in this booming area, the potential for future appreciation is substantial. Each unit is designed for maximum comfort and functionality, with **open floor plans**, **spacious kitchens**, and **private patios** that enhance the indoor-outdoor living experience. The property also includes **2-car attached garages** for each unit, **private laundry rooms**, and **separate utilities**, making it **low-maintenance** for both owners and tenants. With **4 additional parking spaces**. The property is currently **tenant-occupied**, providing immediate rental income, and represents a **stable, low-expense investment**. **Annual gross income** is approximately **$64,800**, with only **$3,985 in operating expenses**, making it a highly profitable asset. The current tenants have leases through **July 2025**, offering a secure, hands-off investment with reliable cash flow. Whether you re a savvy investor looking to add to your portfolio or an owner-occupant seeking a property with income potential, this duplex offers **unmatched value**, **flexibility**, and **location**. Don t let this opportunity slip by properties like this don t last long in the Coachella Valley!
Location
State CA
County Riverside
Area Cathedral City North
Zoning R1
Interior
Heating Central
Cooling Central
Fireplaces Type None
Equipment Dishwasher, Inside, Microwave
Laundry Inside
Exterior
Parking Features Direct Entrance, Driveway - Combination, Garage, Garage - 1 Car
Garage Spaces 4.0
Fence Partial
Pool None
Community Features Sidewalks
View Y/N No
View None
Roof Type Tile
Handicap Access None
Building
Story 1
Sewer Public Sewer
Water Public
Architectural Style Traditional
Structure Type Stucco
Others
Special Listing Condition Standard