29395 Avenida La Paz, Cathedral City, CA 92234
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29395 Avenida La Paz, Cathedral City, CA 92234
29395 Avenida La Paz, Cathedral City, CA 92234
29395 Avenida La Paz, Cathedral City, CA 92234
29395 Avenida La Paz, Cathedral City, CA 92234
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29395 Avenida La Paz Cathedral City, CA 92234

7 Beds

5 Baths

4,442 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,442 sqft

Price per Sqft $191

MLS Listing ID 26636901PS

Bedrooms 7

Year Built 1990

Lot Size 8,276 Sqft

Acres 0.19

Property Sub-Type Multi-Family

Property Description

Rare opportunity to own a vacant triplex at 29395 Avenida La Paz in Cathedral City delivered vacant and ready to rent at current market rates from day one! Unit mix includes two 3BD/2BA units and one 2BD/1BA unit with a bonus room, plus two separate 2-car garages adding tremendous tenant appeal. With strong rental demand across the Coachella Valley, the 3BD/2BA units have a rental potential of $2,500$3,500/month each and the 2BD/1BA with bonus room commanding $1,500$2,300/month this property has a potential gross monthly income of $6,500$10,300/month. Perfect for the seasoned investor looking to add a cash flowing asset to their portfolio, a first time investor ready to get into the market, or an owner-occupant looking to live in one unit while the other two units pay the mortgage. No inherited leases, no tenant transitions just close and start generating income immediately. Strong rental demand, rising rents, and a centrally located Coachella Valley address make this a compelling opportunity that will not last long.

Location

State CA

County Riverside

Area Cathedral City North

Rooms

Other Rooms Other

Interior

Heating Central

Cooling Central

Equipment Range/Oven

Exterior

Parking Features Driveway, Garage - 2 Car

Garage Spaces 6.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by HomeSmart
George Salazar

George Salazar

Agent | License ID: 00884017

+1(310) 400-6756

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29395 Avenida La Paz