69180 Victoria Dr, Cathedral City, CA 92234

Building Details

Year Built

1982

Listing agent Albert Catalano Show Phone

Listing office a***@gmail.com Show Phone

Listing date Apr 24, 2026

Source Elliman

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All listing content including descriptions, pricing, images are the copyrighted material of Albert Catalano

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Overview

This fully leased, ten-unit property features spacious three-bedroom, two-bath residences averaging approximately 1,230 square feet. Each unit is equipped with in-unit laundry, private patios, and covered carport parking. Residents have access to a resort-style pool and a tennis court, all situated on a well-maintained 0.8-acre site. The property is strategically located just off the Rancho Mirage border, providing central access to Palm Springs and Palm Desert, in a submarket characterized by increasing rents and enduring demand. Operations are optimized through separately metered utilities, tenant-paid water and trash, and solar-paned common areas. Current collections reach an annualized $250,512 in rent and $254,512 effective gross income, supporting a strong in-place cap rate of 5.75%. Further value lies in the potential conversion of the existing rear ADU into an income-generating unit and the possibility for redevelopment of the tennis court area, pending buyer verification. The property is located at 69180 Victoria Dr, Cathedral City, CA 92234.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Cathedral City

County

Riverside

State

California

Longitude

-116.4550571

Latitude

33.7985062

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FAQs

What type of property is this?

Apartment building - Ten-unit property with in-unit laundry, pool, and tennis court.

Where is this apartment building located?

The property is located at 69180 Victoria Dr Cathedral City, CA.

What is the asking price?

The asking price for this property is $3,295,000.

What are key features of this property?

This property features: Fully leased, ten‑unit property generating $250,512 annualized rent with a 5.75% cap rate.; Spacious three‑bedroom, two‑bath residences averaging 1,230 square feet with in‑unit laundry, private patios, and covered carport parking.; Premier amenity package includes a resort‑style pool and tennis court on a well‑maintained 0.8‑acre site.