Two-Unit
For Sale
$570,000
33661 Sky Blue Water Trl, Cathedral City, CA 92234
Residential Income, Colonial, Cathedral City, CA
Property Size1,728 SF
Lot Size0.19 Acres
Price / SF$329.86
Days on Market26
Property Features for 33661 Sky Blue Water Trl
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R204M
Bedrooms
4
Bathrooms
6
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 5, Bathroom 6, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 3
Parking
3
Parking features
Driveway
Appliances
Cooktop - Gas
Directions
From I-10 Take Gene Autry south to Dinah Shore Drive make a left then go tp Sky Blue Water take a left to property.
Subdivision
Cathedral City South
Standard status
Active
APN
680-432-007
Size
1,728 SF
Lot size
0.19 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic
Architectural style
Colonial
Listing Agency:
HomeSmart
(760) 844-7500
Listed By:
Miguel Briones · License #01705617
(760) 969-8401
Added: Sep 19
Changed: Oct 14
Last Checked: Oct 14 at 6:06AM
MLS# 26990583PS
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 Colonial-style duplex in Cathedral City contains two separate residences within 1,728 square feet. The property occupies a 0.19-acre lot and was built in 1986. Both units have living areas, kitchens, bedrooms, and bathrooms. Central heating and air conditioning serve the property; additional features include ceramic tile flooring, a gas cooktop, driveway parking, and public water service.
The property is zoned R204M and is located in Cathedral City, within the Coachella Valley. Shopping, dining, entertainment, golf, and other valley attractions are described as accessible from the property.
The property is zoned R204M and is located in Cathedral City, within the Coachella Valley. Shopping, dining, entertainment, golf, and other valley attractions are described as accessible from the property.
Key Highlights
- Two separate residential units
- 1,728 square feet on a 0.19‑acre lot
- Built in 1986; Colonial architectural style
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,361
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,220
$607.2K
Cap Rate 7%
$433,729
$433.7K
Cap Rate 9%
$337,344
$337.3K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$44.2K $25.56/SF
− Vacancy
−$795 −$0.46/SF
EGI
$43.4K $25.10/SF
− OpEx
−$13.0K −$7.53/SF
NOI
$30.4K $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%
$607,220
Cap Rate 7%
$433,729
Cap Rate 9%
$337,344
Alternative Uses
Best Use
Multifamily LT 5
$433.7K
$379.5K – $506.0K
NOI $30,361 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$399.6K
$349.6K – $466.2K
NOI $27,970 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$517.7K
$453.0K – $604.0K
NOI $36,238 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
189
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
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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?
Duplex - Each residence has living space, a kitchen, bedrooms, and bathrooms, with central heating and air conditioning.
Where is this duplex located?
The property is located at 33661 Sky Blue Water Trl Cathedral City, CA.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Two separate residential units; 1,728 square feet on a 0.19‑acre lot; Built in 1986; Colonial architectural style
