Cathedral City Hotel
67590 Jones Road, Cathedral City, CA 92234
COMMERCIAL - Cathedral City, CA
Property size:
16,500 SFLot size:
0.71 AcresPrice / SF:
$235/SF- Added:
- Aug 20, 2025
- Days on Market:
- 276
- Last Refresh:
- May 22 at 3:06 pm
Property Features for 67590 Jones Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 25
- Parking features
- On Street, Assigned, Offsite, Alley, Covered, Garage
- Security features
- Security Lighting
- Exterior features
- Misting System, Lighting
- Standard status
- Active
- APN
- 681310029
- Size
- 16,500 SF
- Lot size
- 0.71 Acres
Utilities
- Utilities
- Electricity Available
- Heating system
- Forced Air, Central
Building Details
- Year built
- 1989
- Building materials
- Plaster, Stucco
- Roof type
- Foam, Flat
Listing agent Slavyan S Panayotov (760) 408-4824
Listing office Windermere Real Estate 73725 El Paseo Drive #23A, Palm Desert, CA (760) 660-6444
Listing date Aug 20, 2025
MLS# 219145273
Copyright © 2026 California Desert Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High Income Potential: Proforma shows a potential net income of $344,879, with a 7.8% CAP rate.
- Prime Location: Walking distance to Target, Trader Joe's, restaurants, and public transportation; close to Hwy 111.
- Fully Furnished Units: All 10 units (2 bed/2 bath each) are fully furnished.
- Conversion Potential: Property can be converted into a condo or time‑share.
- Strong Rental Market: High demand due to Coachella, Stagecoach, and Indian Wells Tennis Tournament.
- Ample Parking: Includes 10 attached garages, 4 covered spaces, and 7 additional parking spots.
Overview
This property, located in Cathedral City, California, features a ten-unit hotel, previously a condominium complex. Conversion to a condominium or timeshare may still be possible. The property is situated away from Highway 111, yet within walking distance of Target, Boomers, Trader Joe's, restaurants, service plazas, car dealerships, and public transportation. Highway 111, the Coachella Valley's main thoroughfare, is also nearby. The property is currently operating as a hotel and is ready for further development. Each of the ten units includes two bedrooms and two bathrooms, and is fully furnished with slightly different layouts and furnishings. Some rooms are on the ground floor, while others are on the second level. The current owner resides on the property and operates it as a hotel, utilizing nine of the ten units. The property has an operating capacity of approximately 30%-35% and is advertised on AirB&B, with prices ranging from $300 to $900 per night, depending on the season and events such as the Coachella Valley Music Festival, Stagecoach Music Festival, and the Indian Wells Tennis Tournament. The property includes ten attached garages, four additional covered parking spaces, and seven extra parking spots, including one handicap space. The lot size is 0.71 acres and the property size is 16,500 square feet.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$2.97M
NOI $267,077 @ 9.00% cap · cautious / downside scenario
Moderate
$3.82M
NOI $267,077 @ 7.00% cap · market / base-case scenario
Aggressive
$5.34M
NOI $267,077 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $495.0k | $30.00 |
| − Vacancy | −$9.4k | −$0.57 |
| EGI | $485.6k | $29.43 |
| − OpEx | −$218.5k | −$13.24 |
| NOI | $267.1k | $16.19 |
16,500 SF · lease $30.00/SF/yr · vacancy 1.90% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$3.82M
$3.34M – $4.45M
NOI $267,077 @ 7.0% cap · market cap 6.87%
Second Best
Hotel Hospitality
$1.44M
$1.26M – $1.69M
NOI $101,104 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$4.94M
$4.33M – $5.77M
NOI $346,018 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Villa Mykonos Resort
Hotel & Motel
District East
Security Service
Location Insight
- Map
- Local Demand
- City
- Cathedral City
- County
- Riverside
- State
- California
- Longitude
- -116.482198
- Latitude
- 33.791086
Nearby Similar for Sale
FAQs
What type of property is this?
Hotel - Ten-unit hotel near Highway 111 in Cathedral City.
Where is this hotel located?
The property is located at 67590 Jones Road Cathedral City, CA.
What is the asking price?
The asking price for this property is $3,890,000.
What are key features of this property?
This property features: High Income Potential: Proforma shows a potential net income of $344,879, with a 7.8% CAP rate.; Prime Location: Walking distance to Target, Trader Joe's, restaurants, and public transportation; close to Hwy 111.; Fully Furnished Units: All 10 units (2 bed/2 bath each) are fully furnished.
