Cathedral City Homes with Apartment Subtype

Welcome to Cathedral City, a hidden gem nestled in the heart of Riverside County, California. Known for its stunning mountain views and vibrant community, this charming city offers a unique blend of natural beauty and modern convenience. With a rich cultural scene, diverse dining options, and year-round sunshine, Cathedral City is not just a place to live; it’s a lifestyle.

One of the most appealing aspects of Cathedral City is its diverse real estate market, particularly homes that feature an apartment subtype. These properties are perfect for those looking to maximize their investment potential or accommodate multi-generational living. Imagine having a spacious main residence while also enjoying the benefits of a private apartment that can be rented out or used for guests. This flexibility is ideal for families, retirees, or anyone seeking a little extra income.

The homes in Cathedral City with apartment subtypes often boast charming architectural styles, from mid-century modern to contemporary designs. Many of these properties are equipped with amenities such as private patios, pools, and beautifully landscaped yards, making them perfect for outdoor entertaining or simply soaking up the California sun.

Living in Cathedral City means you’re just minutes away from the vibrant nightlife of Palm Springs, top-tier golf courses, and outdoor recreational activities like hiking and biking in the nearby San Jacinto Mountains. Whether you’re looking for a place to call home or an investment opportunity, Cathedral City’s homes with apartment subtypes offer the perfect blend of comfort, convenience, and community spirit. Come explore what this delightful city has to offer!

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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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.