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    68286 Grandview Ave Cathedral City, CA 92234

    Sponsored
    For Sale
    $550,000

    MULTI_FAMILY - Other - Cathedral City, CA

    Property size:
    1,508 SF
    Lot size:
    0.24 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 1 at 12:06 pm

    Property Features for 68286 Grandview Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Window features
    Blinds, Screens, Double Pane Windows
    Zoning
    R-1
    Rooms
    Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    2
    APN
    686191020
    Parking
    4
    Parking features
    Assigned, On Street, Side By Side, Driveway, Open
    Interior features
    Open Floorplan, Recessed Lighting, Storage, Granite Counters
    Fencing
    Chain Link, Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Disposal, Dryer, Freezer, Gas Oven, Microwave Oven, Refrigerator, Self Cleaning Oven, Stackable W/D Hookup, Washer
    Size
    1,508 SF
    Lot size
    0.24 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Fireplace(s), Central, Heat Pump (Heating), Electric (Heating), Forced Air
    Cooling system
    Heat Pump, Central Air, Window Unit(s), Wall/Window Unit(s)

    Building Details

    Year built
    1956
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile - Ceramic, Carpet
    Building materials
    Stucco
    Roof type
    Foam
    Architectural style
    Other
    Additional Structures
    Storage, Guest House

    We can help!

    Listing Contact
    Dave Van Wess
    Dave Van Wess

    HomeSmart Professionals (760) 844-7500

    Listing agent Dave Van Wess (760) 844-7500

    Listing date Jan 30, 2026

    MLS# 219139549 Listing URL

    Copyright © 2026 California Desert Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Upgraded Mid-Century Style Duplex

    This upgraded mid-century style duplex is located in the desirable Cathedral City Cove neighborhood. The property features a main house and a guest house connected by a breezeway. The main house is approximately 850 square feet with 1 bedroom and 1 full bath. The guest house, a permitted Accessory Dwelling Unit (ADU), is approximately 650 square feet with 1 bedroom and 1 full bath. The property sits on a nearly 1/4 acre lot with a classic stone wall on the south and east sides and hand-painted wrought iron gates. The main house includes a large great room with a fireplace, 1 bedroom, 1 full bath, and a galley kitchen. The guest house features a living room, bedroom, a large bathroom with a shower over a Roman tub and dual vanity, a small galley kitchen, and a large walk-in closet. Both units have granite countertops, custom cherry wood cabinets, and white subway tile walls in the bathrooms and kitchens. The flooring consists of 1' x 2' rectangular Italian porcelain tile and neutral carpet in the bedrooms. The walls are recently painted plaster. Ceiling fans are installed in all rooms except the kitchens and baths. The property has owned (financed) solar panels over the garage. A foam roof provides insulation. Double-pane windows contribute to energy efficiency. The HVAC system (heat pump) for the main house was replaced in the summer of 2024. Each unit has its own stackable washer and dryer, range, dishwasher, and refrigerator, as well as a hot water heater. The property includes an attached spacious 2-car garage with shelves for storage and a separate storage room. The property is recently re-landscaped and has mountain and city light views. The large side yard offers space for a pool and spa. The Cathedral City Cove neighborhood is centrally located near downtown Cathedral City, with its theaters, restaurants, and the Agua Caliente Casino, and is 15 minutes from downtown Palm Springs and El Paseo. Sewers were installed and the streets were repaved around 2007. Short term rentals are allowed as long as one of the units is occupied fulltime. The property is suitable as a rental property or primary or secondary home, allowing the owner to live in one unit and rent out the other seasonally or long term.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cathedral City
    County
    Riverside
    State
    California
    Longitude
    -116.472753
    Latitude
    33.76834

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    FAQs

    What type of property is this?
    Duplex - Upgraded duplex with permitted ADU in desirable Cathedral City Cove.
    Where is this duplex located?
    The property is located at 68286 Grandview Ave Cathedral City, CA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Permitted ADU guest house provides rental income potential or multi-generational living options.; - Main house and guest house configuration offers flexibility. Short-term rentals allowed while occupying one unit.; - Owned solar panels and foam roof provide energy efficiency and cost savings.
    (760) 969-1000
    Request Owner's contact information
    68286 Grandview Ave Cathedral City, CA 92234
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    Cathedral City, CA 92234
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    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
    68286 Grandview Ave Cathedral City, CA 92234
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    We can help!
    Listing Contact
    Dave Van Wess
    Dave Van Wess
    (760) 969-1000
    Learn more
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