Apartment Building

Cathedral City, CA Apartment Buildings for Sale

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12-Unit Renovated Apartment Community
Updated: Aug 21
12-Unit Renovated Apartment Community

37250 Bankside Drive Cathedral City CA 92234, Cathedral City, CA 92234

$1,800,000
6,680 sqft
12‑unit apartment community with studio, 1‑bedroom, and 2‑bedroom units
Eleven of twelve residences have been renovated
Gated courtyard with swimming pool
Central heating and air conditioning throughout the community
On‑site laundry facility and open parking
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Commercial
Updated: Dec 2, 2025
Commercial

27700 Avenida Terrazo, Cathedral City, CA 92234

$1,200,000
4,200 sqft 19.73 AC lot
Prime location in the desirable Coachella Valley market, specifically Cathedral City.
Convenient access to retail and lifestyle amenities, including Starbucks, Stater Bros. Market, Denny’s, and CVS, all within walking distance.
Strong unit mix with six 1‑bedroom/1‑bathroom units and one 2‑bedroom/2‑bathroom unit.
Close proximity to leisure spots like Escena Golf Club and Cimarron Golf Resort.
Generous ±19,731 SF lot size with a ±4,200 SF building size.
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See what stands out in Riverside County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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Based on your search, we've compiled 77 Potential Opportunities for your consideration. Besides 2 Active listings in Cathedral City, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Renovated 5-Unit Apartment Building
Renovated 5-Unit Apartment Building

521 Desert Way, Palm Springs, CA 92264

$1,357,900
3,900 sqft 0.23 AC lot

Renovated 5-unit apartment building with three long-term residents and R2 zoning in Palm Springs.

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Palm Springs Multifamily Investment Opportunity
Palm Springs Multifamily Investment Opportunity

3737 Calle De Carlos, Palm Springs, CA 92264

$870,000
3,800 sqft 0.23 AC lot

Five-unit income property in Palm Springs' Demuth Park submarket.

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Apartment Building with Private Lap Pool
Apartment Building with Private Lap Pool

74431 De Anza Way, Palm Desert, CA 92260

$1,485,000
0.41 AC lot

Five-unit income property on a 0.41-acre lot with no HOA and three units currently leased.

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Palm Desert Condo Near El Paseo
Palm Desert Condo Near El Paseo

72682 Thrush Road, Palm Desert, CA 92260

$230,000
810 sqft

Charming 2-bedroom condo near El Paseo's shopping and dining.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

San Jacinto Land with Utilities
San Jacinto Land with Utilities

Rosario, San Jacinto, CA 92583

$155,000
0.33 AC lot

Unique lot with utilities available for multiple residential uses.

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Off-Market Properties in Cathedral City, CA

Consider similar Off-Market properties in Cathedral City, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

33033 Whispering Palms Trl
APARTMENT HOUSE (5+ UNITS)

33033 Whispering Palms Trl, Cathedral City, CA 92234-4489

$160,000
Estimated value
2,702 sqft 0.34 AC lot
View details
37010 Bankside Dr
APARTMENT HOUSE (5+ UNITS)

37010 Bankside Dr, Cathedral City, CA 92234-7871

$315,000
Estimated value
0.30 AC lot
View details
37700 Van Fleet St
APARTMENT HOUSE (5+ UNITS)

37700 Van Fleet St, Cathedral City, CA 92234-2027

$430,000
Estimated value
0.34 AC lot
View details
27700 Avenida Terrazo
APARTMENT HOUSE (5+ UNITS)

27700 Avenida Terrazo, Cathedral City, CA 92234-5521

$860,000
Estimated value
4,200 sqft 0.43 AC lot
View details
28200 Landau Blvd
APARTMENT HOUSE (5+ UNITS)

28200 Landau Blvd, Cathedral City, CA 92234-8672

$290,000
Estimated value
3,298 sqft 0.37 AC lot
View details
32170 Navajo Trl
APARTMENT HOUSE (5+ UNITS)

32170 Navajo Trl, Cathedral City, CA 92234-4026

$1,455,000
Estimated value
2,702 sqft 0.31 AC lot
View details
69130 Victoria Dr
APARTMENT HOUSE (5+ UNITS)

69130 Victoria Dr, Cathedral City, CA 92234-6807

$160,000
Estimated value
0.74 AC lot
View details
34700 Marcia Rd
APARTMENT HOUSE (5+ UNITS)

34700 Marcia Rd, Cathedral City, CA 92234-6916

$210,000
Estimated value
0.33 AC lot
View details
34900 Marcia Rd
APARTMENT HOUSE (5+ UNITS)

34900 Marcia Rd, Cathedral City, CA 92234-6910

$190,000
Estimated value
3,811 sqft 0.33 AC lot
View details
33100 Rancho Vis Dr
APARTMENT HOUSE (5+ UNITS)

33100 Rancho Vis Dr, Cathedral City, CA 92234-4764

$875,000
Estimated value
1,612 sqft 0.22 AC lot
View details
33141 Shifting Sands Trl
APARTMENT HOUSE (5+ UNITS)

33141 Shifting Sands Trl, Cathedral City, CA 92234-4475

$310,000
Estimated value
2,702 sqft 0.42 AC lot
View details
33163 Shifting Sands Trl
APARTMENT HOUSE (5+ UNITS)

33163 Shifting Sands Trl, Cathedral City, CA 92234-4476

$320,000
Estimated value
5,752 sqft 0.42 AC lot
View details
29415 Avenida La Paz
APARTMENT HOUSE (5+ UNITS)

29415 Avenida La Paz, Cathedral City, CA 92234-9434

$720,000
Estimated value
2,590 sqft 0.40 AC lot
View details
29475 Avenida La Paz
APARTMENT HOUSE (5+ UNITS)

29475 Avenida La Paz, Cathedral City, CA 92234-9430

$745,000
Estimated value
3,714 sqft 0.40 AC lot
View details
36957 Melrose Dr
APARTMENT HOUSE (5+ UNITS)

36957 Melrose Dr, Cathedral City, CA 92234-7717

$1,235,000
Estimated value
4,728 sqft 0.31 AC lot
View details
32521 Shifting Sands Trl
APARTMENT HOUSE (5+ UNITS)

32521 Shifting Sands Trl, Cathedral City, CA 92234-9512

$325,000
Estimated value
0.40 AC lot
View details
32175 Navajo Trl
APARTMENT HOUSE (5+ UNITS)

32175 Navajo Trl, Cathedral City, CA 92234-4027

$725,000
Estimated value
6,454 sqft 0.30 AC lot
View details
37155 Melrose Dr
APARTMENT HOUSE (5+ UNITS)

37155 Melrose Dr, Cathedral City, CA 92234-7740

$1,455,000
Estimated value
4,901 sqft 0.35 AC lot
View details
32450 Candlewood Dr
APARTMENT HOUSE (5+ UNITS)

32450 Candlewood Dr, Cathedral City, CA 92234-3910

$5,825,000
Estimated value
7,342 sqft 1.16 AC lot
View details
68980 Via Eytel Rd
APARTMENT HOUSE (5+ UNITS)

68980 Via Eytel Rd, Cathedral City, CA 92234-4703

$3,795,000
Estimated value
1,594 sqft 0.64 AC lot
View details
37066 Bankside Dr
APARTMENT HOUSE (5+ UNITS)

37066 Bankside Dr, Cathedral City, CA 92234-7815

$2,295,000
Estimated value
14,796 sqft 0.60 AC lot
View details
34930 Corregidor Dr
APARTMENT HOUSE (5+ UNITS)

34930 Corregidor Dr, Cathedral City, CA 92234-6937

$770,000
Estimated value
1,104 sqft 0.33 AC lot
View details

Cathedral City, CA Apartment Buildings Market Trends and Statistics

Explore 72 apartment buildings for sale in Cathedral City, CA on our real estate platform. These investment opportunities span a total of 10,880 square feet of properties for sale, with an estimated market value of $3,000,000.

Sale prices for two-family homes in Cathedral City, CA start at $1,200,000, averaging $1,500,000, and reaching up to $1,800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 60K
Population Growth (5Y) -2.5%
Median Household Income $68,731
College Educated 21.7%

High-Yield Neighborhoods for Investment

Identify Cathedral City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
92234 $1.5M

Taxes & Financing

Tax Rate (average for all types) 1.25%
Property Tax per SF $18.25 per SF
Tax Rate vs County Average 0.07 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Riverside County

New Delisted

Total CRE Inventory on Market (SF)

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