Ten-Unit Multifamily with Resort
69180 Victoria Drive Cathedral City Cathedral City, CA 92234
For Sale
$2,949,000
Fully leased ten-unit property offering three-bedroom residences with in-unit laundry, private patios, and covered carport parking.
Days on Market13
Property Features for 69180 Victoria Drive Cathedral City
General Information
- Standard status
- Active
Building Details
- Year Built
- 1982
Listing Agency:
(909) 328-1567
Listed By:
Claudia Arias
(909) 328-1567
Source:
Rmarealty
Added: Jul 12
Changed: Jul 13
Last Checked: Jul 13 at 2:02AM
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 Claudia Arias
Investment Insights
Based on property information with market context.
This fully leased ten-unit multifamily property features spacious three-bedroom, two-bath residences. Each unit includes in-unit laundry, private patios, and covered carport parking. On-site amenities include a resort-style pool and tennis court, all set on a well-maintained 0.8-acre site. The property also utilizes separately metered utilities, with tenant-paid water and trash, and solar-paned common areas.
Located just off the Rancho Mirage border, the property provides central access to Palm Springs and Palm Desert. Current collections are presented as $250,512 in annualized rent and $254,512 in effective gross income, supporting a stated 6% in-place cap rate. Additional value is noted in the potential to convert the existing rear ADU into an income-generating unit and the possibility of redevelopment of the tennis court area, pending buyer verification.
Located just off the Rancho Mirage border, the property provides central access to Palm Springs and Palm Desert. Current collections are presented as $250,512 in annualized rent and $254,512 in effective gross income, supporting a stated 6% in-place cap rate. Additional value is noted in the potential to convert the existing rear ADU into an income-generating unit and the possibility of redevelopment of the tennis court area, pending buyer verification.
Key Highlights
- Fully leased 10‑unit multifamily on a 0.8‑acre lot with 2 stories and 1 building (built in 1982)
- Ten spacious 3‑bedroom, 2‑bath residences averaging about 1,230 SF each with private patios
- In‑unit laundry in every unit plus covered carport parking; total parking for the property is 10 spaces
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Fully leased ten-unit property offering three-bedroom residences with in-unit laundry, private patios, and covered carport parking.
Where is this apartment building located?
The property is located at 69180 Victoria Drive Cathedral City Cathedral City, CA.
What is the asking price?
The asking price for this property is $2,949,000.
What are key features of this property?
This property features: Fully leased 10‑unit multifamily on a 0.8‑acre lot with 2 stories and 1 building (built in 1982); Ten spacious 3‑bedroom, 2‑bath residences averaging about 1,230 SF each with private patios; In‑unit laundry in every unit plus covered carport parking; total parking for the property is 10 spaces
