Cathedral City Homes with Apartment Subtype

Welcome to Cathedral City, California – a vibrant oasis nestled in the heart of Riverside County. Known for its stunning desert landscapes and breathtaking mountain views, Cathedral City offers a unique blend of natural beauty, rich culture, and a welcoming community atmosphere. With a population that embodies diversity and creativity, this city is not just a place to live; it's a place to thrive.

Cathedral City is renowned for its family-friendly environment, featuring numerous parks, recreational facilities, and community events that bring residents together. The city’s proximity to Palm Springs means residents can enjoy the luxury of a bustling downtown filled with shops, restaurants, and entertainment, all while relishing the tranquility of Cathedral City’s suburban charm.

For those considering a home in this picturesque locale, the market offers a variety of options, including homes with apartment subtypes. These properties are perfect for families looking for space or investors seeking rental opportunities. Many of these homes feature modern amenities, spacious layouts, and outdoor areas perfect for soaking up the California sun. Imagine having a separate living space for guests or the potential for rental income while enjoying the comforts of your own home.

Whether you’re drawn to the area’s stunning landscapes, vibrant community, or the allure of real estate investment, Cathedral City is a fantastic choice. Discover the perfect blend of comfort and opportunity in this enchanting city, where your dream home awaits!

Newest Cathedral City Homes with Apartment Subtype

$1,800,000

PW26156345 MLS ⋅ Active Status

We are pleased to present Bankside Apartments, well-maintained and upgraded 12-unit apartment community located in Cathedral City, CA. The property offers an attractive unit mix consisting of spacious, single-story Studio, 1-bedroom, and 2-bedroom units. Eleven of the twelve units have been thoughtfully renovated with wood-look porcelain tile flooring, upgraded kitchens and bathrooms, stainless sinks, and dual-pane windows. The community features a sparkling swimming pool within a gated courtyard, central heating and air conditioning, an on-site laundry facility, open parking, and all-new electrical panels. Bankside Apartments presents a compelling value-add opportunity with approximately 45% upside in rental income. Through the continued implementation of market rents, a new owner has the potential to significantly increase cash flow and achieve an estimated 8.2% capitalization rate, making this an attractive investment in one of the Coachella Valley’s strongest rental markets.

37250 Bankside Drive, Cathedral City

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