Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    39091 PARADISE Way Cathedral City, CA 92234

    View on Map
    Claim this Listing
    Pending
    $799,000

    MULTI_FAMILY - Cathedral City, CA

    Property size:
    1,806 SF
    Lot size:
    0.23 Acres
    Added:
    Nov 1, 2025
    Days on Market:
    189
    Last Refresh:
    May 8 at 11:06 am

    Property Features for 39091 PARADISE Way

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R1
    Bedrooms
    5
    Bathrooms
    4
    Rooms
    Bedroom 3, Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bathroom 4, Bathroom 2, Laundry Room, Bathroom 1, Bedroom 1, Dining Room
    Parking
    4
    Parking features
    Garage, Driveway, Open, Workshop
    Patio and Porch features
    Patio, Porch
    Pool private
    1
    Fireplace
    1
    Appliances
    Free Standing Gas, Range
    Standard status
    Pending
    APN
    686-281-001
    Size
    1,806 SF
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Natural Gas, Electric (Heating), Forced Air, Central
    Cooling system
    Heat Pump, Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1962
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Porcelain, Laminate
    Roof type
    Composition, Asphalt

    We can help!

    Listing Contact
    Luke Hollingsworth
    Luke Hollingsworth

    Listing agent Luke Hollingsworth License #01211648

    Listing office HomeSmart 431 S Palm Canyon Drive Suite 100 Floor 1, Palm Springs, CA

    Listing date Nov 1, 2025

    MLS# 25613557PS Listing URL

    Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Mid‑Century Modern pool home with VALLEY AND MOUNTAIN VIEWS.
    • Legal 3‑unit property (guest house and studio apartment) in a single‑family home area.
    • Enjoy a PRIVATE POOL.
    • Located in the upper Cathedral City Cove.
    • Includes a workshop.
    • Features both a patio and porch.

    Overview

    Mid-Century Modern Triplex with Views

    This multi-family property, located in Cathedral City, CA, is a legal three-unit property situated in an area of single-family homes in the upper cove. The property includes a main house, a guest house, and a studio apartment. The mid-century modern pool home offers valley and mountain views. The property size is 1806 square feet and the lot size is 0.23 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Building Supply Gym & Fitness Center Auto Repair Shop Kitchen & Bath Showroom Auto Parts Store Travel Agency Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cathedral City
    County
    Riverside
    State
    California
    Longitude
    -116.477509
    Latitude
    33.764297

    Nearby Similar for Sale

    • $900,000
      3,006 SF

      Commercial Building on Date Palm

      3,006 SF commercial building with high-traffic frontage.
      34820 Date Palm Drive, Cathedral City, CA 92234
      View Details
    • $899,000
      3,533 SF

      Renovated Home with ADUs

      Renovated 4-bedroom home with two newly constructed attached ADUs.
      68870 Los Gatos Rd, Cathedral City, CA 92234
      View Details
    • $850,000
      4,442 SF

      Income-Generating Triplex in Cathedral City

      Residential income property with three units in a strong rental market.
      29395 Avenida La Paz, Cathedral City, CA 92234
      View Details
    • $1,575,000
      7,000 SF

      Cathedral City Retail/Commercial Building

      7,000 SF building on 0.91 acre lot for sale.
      30900 Date Palm Dr, Cathedral City, CA 92234
      View Details
    • $79,000

      Resort Property in Cathedral City

      Resort property with mature landscaping and outdoor entertaining space.
      69411 Ramon Road, Cathedral City, CA 92234
      View Details
    • $900,000
      3,006 SF

      Commercial Building on Date Palm

      3,006 SF commercial building with high-traffic frontage.
      34820 Date Palm Dr, Cathedral City, CA 92234
      View Details
    • $155,000

      RV Lot in Active Community

      Turnkey RV lot with upgrades in Cathedral City community.
      69411 Ramon Road, Cathedral City, CA 92234
      View Details
    • $140,000

      Resort-Style Living in Cathedral City

      Luxury RV in a vibrant, all-age resort community.
      69411 Ramon Road, Cathedral City, CA 92234
      View Details
    • $625,000
      4,000 SF

      Established Restaurant with Liquor License

      Profitable restaurant and catering business with Type 47 liquor license.
      69032 East Palm Canyon Drive, Cathedral City, CA 92234
      View Details
    • $10,950,000
      19,868 SF

      New Multifamily Units in Cathedral City

      19 multifamily units under construction, prime location, Q1 2026 completion.
      68550 Grove Street, Cathedral City, CA 92234
      View Details
    • $1,398,000
      6,560 SF

      Retail Building on Date Palm

      Two-suite retail building in Cathedral City, great location.
      32475 Date Palm Dr, Cathedral City, CA 92234
      View Details
    • $875,000
      6,000 SF

      Two Buildings in Opportunity Zone

      Two commercial buildings with multiple bays, ideal for automotive use.
      68361 Kieley, Cathedral City, CA 92234
      View Details

    FAQs

    What type of property is this?
    Triplex - Three-unit property with pool, guest house, and mountain views.
    Where is this triplex located?
    The property is located at 39091 PARADISE Way Cathedral City, CA.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Mid‑Century Modern pool home with VALLEY AND MOUNTAIN VIEWS.; Legal 3‑unit property (guest house and studio apartment) in a single‑family home area.; Enjoy a PRIVATE POOL.
    (760) 219-1885
    We can help!
    Listing Contact
    Luke Hollingsworth
    Luke Hollingsworth
    Real Estate License ID: 01211648
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    39091 PARADISE Way, Cathedral City, CA 92234
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!