Renovated 12-Unit Apartment
For Sale
$1,540,000
37250 Bankside Drive Cathedral, Cathedral City, CA 92234
Single-story apartment community with a gated courtyard pool, renovated interiors, central HVAC, and on-site laundry.
Property SizeContact for details
Days on Market72
Property Features for 37250 Bankside Drive Cathedral
General Information
Standard status
Active
Property subtype
Apartment
Additional Details
Multifamily Units
12
Amenities
swimming pool
central HVAC
on-site laundry
gated courtyard
Pool
Building Details
Year Built
1963
Stories
1
Listing Agency:
Triqor Group
Listed By:
Ryan Loria · License #02006138
(949) 756-3232
Source:
Kw
Added: Jul 17
Changed: Sep 25
Last Checked: Sep 26 at 1:28PM
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 Triqor Group
Investment Insights
Based on property information with market context.
This 12-unit apartment community, built in 1963, includes single-story studio, one-bedroom, and two-bedroom residences. Eleven units have been renovated with wood-look porcelain tile, updated kitchens and bathrooms, stainless sinks, and dual-pane windows. Property improvements also include new electrical panels, central heating and air conditioning, open parking, and an on-site laundry facility.
A gated courtyard swimming pool serves as a shared amenity. The community is located at 37250 Bankside Drive in Cathedral City, California, within the Coachella Valley. The offering includes an estimated 8.2% capitalization rate and approximately 45% rental-income upside through implementation of market rents.
A gated courtyard swimming pool serves as a shared amenity. The community is located at 37250 Bankside Drive in Cathedral City, California, within the Coachella Valley. The offering includes an estimated 8.2% capitalization rate and approximately 45% rental-income upside through implementation of market rents.
Key Highlights
- 12‑unit apartment community at 37250 Bankside Drive
- Unit mix includes studios, 1‑bedroom, and 2‑bedroom apartments
- 11 of 12 units renovated with updated kitchens, bathrooms, and dual‑pane windows
Property Analytics
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Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
871
Businesses Nearby
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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?
Apartment building - Single-story apartment community with a gated courtyard pool, renovated interiors, central HVAC, and on-site laundry.
Where is this apartment building located?
The property is located at 37250 Bankside Drive Cathedral Cathedral City, CA.
What is the asking price?
The asking price for this property is $1,540,000.
What are key features of this property?
This property features: 12‑unit apartment community at 37250 Bankside Drive; Unit mix includes studios, 1‑bedroom, and 2‑bedroom apartments; 11 of 12 units renovated with updated kitchens, bathrooms, and dual‑pane windows
