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Listed price in listed location currency (USD).
$1,595,000

1268
  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 4900 sqft
Garage Yes
HOA Fees 
Taxes 
Days Active 18
Approx. Age 1962
Avg. Price Per Sqft $325
MLS® Number 25602401

Property Address: 68080 Risueno Rd, Cathedral City, CA, 92234

Average square foot calculated using Size range provided by listing agent.

Description

RARE INVESTOR OPPORTUNITY- Introducing four turn-key, Free-standing Homes on two combined lots with RTI Plans for additional development. Two homes are currently Vacant and ready for market-rents. Long rental history and low vacancies. Each turn-key property has its own private backyard space, parking, and shares a communal pool: A true Oasis Compound. While the homes are ready to generate income NOW at a 6% CAP, the fully entitled and approved plans allow the next owner to build an additional 2 homes, 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...
MLS® Number25602401
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age1962
Stories1
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 7, 2025List Date
$1,595,000List Price
  • Commute

Commute

Starting Address
Destination Address
68080 Risueno Rd, Cathedral City, CA

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