Residential Income-Generating Triplex For
For Sale
$850,000
Pending
29395 Avenida La Paz, Cathedral City, CA 92234
Triplex in Cathedral City with immediate and consistent cash flow.
Property Size4,442 SF
Days on Market283
Property Features for 29395 Avenida La Paz
General Information
Standard status
Pending
Size
4,442 SF
Property subtype
Residential Income
Listing Agency:
HomeSmart
Listed By:
Miguel Briones · License #01705617
(760) 844-7500
Source:
Exprealty
Added: Jan 15
Changed: Oct 7
Last Checked: Oct 24 at 6:05PM
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 HomeSmart
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Investment Insights
Based on property information with market context.
This residential income-generating triplex is located at 29395 Avenida La Paz in Cathedral City. The property features three fully rented units, providing immediate and consistent cash flow. The unit mix includes two units with 3 bedrooms and 2 bathrooms each, and one unit with 1 bedroom and 1 bathroom. The property also offers two separate 2-car garages, adding value and convenience for tenants. This property is situated in a desirable location with high rental demand, close to shopping, dining, schools, and major commuter routes. It is an ideal opportunity for investors seeking stable rental income or for owner-occupants looking to live in one unit while generating income from the others. With strong tenant occupancy, an attractive unit mix, and solid long-term income potential, this property presents a compelling addition to any investment portfolio. The location has a walk score of 12, indicating it is car-dependent, and a bike score of 36, indicating it is somewhat bikeable.
Key Highlights
- Income‑generating triplex with immediate and consistent cash flow from three fully rented units.
- Desirable location in Cathedral City with high rental demand, close to amenities and commuter routes.
- Attractive unit mix: two 3‑bedroom/2‑bathroom units and one 1‑bedroom/1‑bathroom unit.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,046
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,560,920
$1.6M
Cap Rate 7%
$1,114,943
$1.1M
Cap Rate 9%
$867,178
$867.2K
Market Conditions
NOI Build-Up for 4,442 SF
Gross rent
$113.5K $25.56/SF
− Vacancy
−$2.0K −$0.46/SF
EGI
$111.5K $25.10/SF
− OpEx
−$33.4K −$7.53/SF
NOI
$78.0K $17.57/SF
Area
Riverside County, CA
Vacancy
1.80%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,560,920
Cap Rate 7%
$1,114,943
Cap Rate 9%
$867,178
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$975.6K – $1.30M
NOI $78,046 @ 7.0% cap · market cap 9.18%
Second Best
Apartment 5plus
$1.03M
$898.8K – $1.20M
NOI $71,900 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,152 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Explore this area
Business Placement
Demographics for 92234, CA
51,509
Population
23,114
Households
2.2
Avg Household Size
42
Median Age
26%
College-Educated
81%
High-School Grad
14.8 sq mi
ZIP Area
3,480
Density / Sq Mi
$67,031
Median Household Income
$34,895
Median Earnings
$1,554
Median Rent
$420,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Triplex in Cathedral City with immediate and consistent cash flow.
Where is this triplex located?
The property is located at 29395 Avenida La Paz Cathedral City, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Income‑generating triplex with immediate and consistent cash flow from three fully rented units.; Desirable location in Cathedral City with high rental demand, close to amenities and commuter routes.; Attractive unit mix: two 3‑bedroom/2‑bathroom units and one 1‑bedroom/1‑bathroom unit.
