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Seven-Unit Multifamily Investment Opportunity

27700 Avenida Terrazo, Cathedral City, CA 92234

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For Sale

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Seven units in Cathedral City near Palm Springs.

Type:Multifamily

Property size:

4,200 SF

Lot size:

19,731.00 Acres

Price / SF:

$297/SF

HighLights

Prime location in the desirable Coachella Valley market, Cathedral City.
Directly across from the DoubleTree by Hilton Hotel Golf Resort Palm Springs.
Walking distance to essential retail and lifestyle amenities (Starbucks, Stater Bros., etc.).
Excellent unit mix: six 1‑bedroom/1‑bathroom units and one 2‑bedroom/2‑bathroom unit.
Low‑maintenance construction with Spanish tile roof and desert landscaping.
Fully equipped kitchens with Stainless Steel appliances and upgraded bathrooms.

We can help!

Contact an agent

Eric Chen

For Sale

Contact for pricing

Seven units in Cathedral City near Palm Springs.

Type:Multifamily

Property size:

4,200 SF

Lot size:

19,731.00 Acres

Price / SF:

$297/SF

Added:: Mar 8, 2026
Days on Market:: 111
Last Refresh:: Mar 16 at 1:33 pm

Property Features for 27700 Avenida Terrazo

General Information

Standard status: Active
Size: 4,200 SF
Lot size: 19,731.00 Acres
Property subtype: Multifamily

Building Details

Year Built: 1983

We can help!

Contact an agent

Eric Chen

Listing office CBRE - Ontario

Listing date Mar 8, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Ontario

HighLights

Prime location in the desirable Coachella Valley market, Cathedral City.
Directly across from the DoubleTree by Hilton Hotel Golf Resort Palm Springs.
Walking distance to essential retail and lifestyle amenities (Starbucks, Stater Bros., etc.).
Excellent unit mix: six 1‑bedroom/1‑bathroom units and one 2‑bedroom/2‑bathroom unit.
Low‑maintenance construction with Spanish tile roof and desert landscaping.
Fully equipped kitchens with Stainless Steel appliances and upgraded bathrooms.

Overview

The property at 27700 Avenida Terrazo is a seven-unit multifamily investment opportunity located in Cathedral City. The one-story building, constructed in 1983, has a building size of 4,200 square feet and is situated on a 19,731 square foot lot. The unit mix includes six one-bedroom, one-bathroom units and one two-bedroom, two-bathroom unit, with each unit averaging 600 square feet. The property features a Spanish tile roof and low-water-use desert landscaping with decorative rock features and mature palm trees. The kitchens are equipped with stainless steel appliances and modern backsplashes, alongside upgraded bathrooms and kitchens. The property is located across from the DoubleTree by Hilton Hotel Golf Resort Palm Springs, providing access to retail and lifestyle amenities. Destinations such as Starbucks, Stater Bros. Market, Dennys, CVS, and Jack in the Box are within walking distance. The property is also located near Escena Golf Club and Cimarron Golf Resort, and a short driving distance from the El Paseo Shopping District in Palm Desert.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$126.0k	$30.00
− Vacancy	−$2.4k	−$0.57
EGI	$123.6k	$29.43
− OpEx	−$55.6k	−$13.24
NOI	$68.0k	$16.19

4,200 SF · lease $30.00/SF/yr · vacancy 1.90% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$971.2K

$849.8K – $1.13M (±1% cap)

NOI $67,983 @ 7.0% cap · market cap 5.44%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $88,077 @ 7.0% cap · market cap 7.05%

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

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Cathedral City
County: Riverside
State: California
Longitude: -116.478526
Latitude: 33.8466044

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For sale
Apartment buildings
CA
Cathedral City
92234
27700 Avenida Terrazo

What type of property is this?

Apartment building - Seven units in Cathedral City near Palm Springs.

Where is this apartment building located?

The property is located at 27700 Avenida Terrazo Cathedral City, CA.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: Prime location in the desirable Coachella Valley market, Cathedral City.; Directly across from the DoubleTree by Hilton Hotel Golf Resort Palm Springs.; Walking distance to essential retail and lifestyle amenities (Starbucks, Stater Bros., etc.).