Triplex with Two
For Sale
$850,000
Pending
29395 Avenida La Paz, Cathedral City, CA 92234
Residential Income, Cathedral City, CA
Property Size4,442 SF
Lot Size0.19 Acres
Days on Market280
Property Features for 29395 Avenida La Paz
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 7, Bedroom 6, Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 5, Bedroom 5, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 3
Parking
6
Parking features
Garage, Driveway
Directions
Please use Apple maps & Google maps
Subdivision
Cathedral City North
Standard status
Pending
APN
675-231-029
Size
4,442 SF
Lot size
0.19 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1990
Floors in Building
2
Number of units
3
Listing Agency:
HomeSmart
(760) 844-7500
Listed By:
Miguel Briones · License #01705617
(760) 969-8401
Added: Jan 7
Changed: Oct 14
Last Checked: Oct 14 at 7:06AM
MLS# 26636901PS
Copyright © 2026 Greater Palm Springs REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1990-built triplex contains 4,442 square feet across three vacant residences. The layout includes two 3-bedroom, 2-bathroom units and one 2-bedroom, 1-bathroom unit with an additional bonus room. Central heating and central air conditioning serve the property. Two detached, separate garages each accommodate two cars; driveway parking is also available.
The property occupies a 0.19-acre site at 29395 Avenida La Paz in Cathedral City. Its vacant status gives a new owner the ability to lease the residences without managing a transition from existing tenants.
The property occupies a 0.19-acre site at 29395 Avenida La Paz in Cathedral City. Its vacant status gives a new owner the ability to lease the residences without managing a transition from existing tenants.
Key Highlights
- Three vacant units: two 3BD/2BA residences and one 2BD/1BA residence with a bonus room
- 4,442 square feet on a 0.19‑acre lot
- Two separate 2‑car garages, plus driveway parking
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
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Current Use
Lease Details
3
Residential units
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - All three residences are vacant, with no existing leases to carry forward.
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: Three vacant units: two 3BD/2BA residences and one 2BD/1BA residence with a bonus room; 4,442 square feet on a 0.19‑acre lot; Two separate 2‑car garages, plus driveway parking
