Contact Xavier Gomez
Schedule A Showing
68080 Risueno Road, Cathedral City, CA 92234
Priced at Only: $1,788,000
For more Information Call
Mobile: 714.478.6676
Address: 68080 Risueno Road, Cathedral City, CA 92234
Property Photos

Property Location and Similar Properties
- MLS#: 25529355 ( )
- Street Address: 68080 Risueno Road
- Viewed: 5
- Price: $1,788,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1961
- Bldg sqft: 0
- Days On Market: 98
- Additional Information
- County: RIVERSIDE
- City: Cathedral City
- Zipcode: 92234
- Subdivision: Panorama
- Provided by: Sotheby's International Realty
- Contact: Spencer Spencer
- DMCA Notice
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DescriptionIntroducing four turn key, Free standing Homes on two combined lots with Shovel Ready RTI Plans for additional development. Currently, 2 out of the 4 units are delivered vacant, with a long rental history and low vacancy. Each turn key property consists of 2 Bedrooms and 1 Bath, and has their own private backyard space, parking, and shares a sparkling communal pool. A true Oasis Compound. While the homes are ready to generate income NOW at close to 6% CAP, the fully entitled and approved plans allow the next owner to build an additional 2 (2 BD/1 BTH) homes/ADU's, 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...
Features
Appliances
- Dishwasher
- Disposal
- Refrigerator
Building Area Total
- 4900.00
Cooling
- Central Air
Country
- US
Garage Spaces
- 4.00
Heating
- Central
Interior Features
- Ceiling Fan(s)
Levels
- One
Netoperatingincome
- 105000.00
Parcel Number
- 675253030
Parking Features
- Garage - Two Door
- Guest
Postalcodeplus4
- 9108
Sourcesystemkey
- 25529355:CLAW
Subdivision Name Other
- Panorama
Totalexpenses
- 10000.00
Year Built
- 1961
Zoning
- R1

- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Mobile: 714.478.6676
- Fax: 714.975.9953
- salesbyxavier@gmail.com