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Elvida Salazar

elvida.myagent@gmail.com +1(760) 801-9758

$850,000

Est. payment - /mo

7 Beds

5 Baths

4,442 SqFt

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Open House

Sat Jul 18, 9:00am - 12:00pm

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,442 sqft

Price per Sqft $191

MLS Listing ID 26636901PS

Bedrooms 7

HOA Y/N No

Year Built 1990

Lot Size 8,276 Sqft

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 335 - Cathedral City North

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Parking Features Door-Multi, Driveway, Garage

Garage Spaces 4.0

Garage Description 4.0

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 675231029

Acceptable Financing Cash

Listing Terms Cash

Financing Cash,Conventional

Special Listing Condition Standard

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Listed by Miguel Briones HomeSmart #01705617

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Elvida Salazar

+1(760) 801-9758

Realtor® | Property Management Specialist | License ID: DRE# 01775858

Realtor® | Property Management Specialist License ID: DRE# 01775858

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29395 Avenida La Paz Cathedral City, CA 92234

Elvida Salazar

Open House

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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