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68080 Risueno Road, Cathedral City, CA 92234

Local realty services provided by:CENTURY 21 Select Real Estate, Inc.
68080 Risueno Road,Cathedral City, CA 92234
$1,595,000
  • 12 Beds
  • 6 Baths
  • 4,900 sq. ft.
  • Multi-family
  • Active
Listed by: spencer daley, ernie carswell
Office: sotheby's international realty
MLS#:25602401
Source:CRMLS

Price summary

  • Price:$1,595,000
  • Price per sq. ft.:$325.51

About this home

RARE INVESTOR OPPORTUNITY- Introducing four turn-key, Free-standing Homes on two combined lots with RTI Plans for additional development. One home is currently Vacant and ready for market-rents. Long rental history and low vacancies. Each turn-key home consists of 2 BD, 1 BTH and 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 6.5% 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 $14-$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 massive Palm Springs Airport Expansion. The ultimate canvas for Real Estate Investors in a growing region...

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Home facts

  • Year built:1962
  • Listing ID #:25602401
  • Added:70 day(s) ago
  • Updated:December 17, 2025 at 01:34 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:6
  • Living area:4,900 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

Structure and exterior

  • Year built:1962
  • Building area:4,900 sq. ft.
  • Lot area:0.39 Acres

Finances and disclosures

  • Price:$1,595,000
  • Price per sq. ft.:$325.51
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