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Property profile & analytics
OFF-MARKET Estimated value $1,865,000
Retail space

68766 Perez Rd Cathedral City, CA 92234-7218

6,480 SF 0.35 ac lot Built 1976
Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-0758835
Property summary
AI-generated overview

This exceptional Cathedral City property presents a rare live/work opportunity, encompassing a fully improved 10,629 square foot building on a 0.34-acre lot (APN 687-162-011). The property, built in 1981 and zoned IP, features a two-story building with three units. The ground floor offers approximately 8,000 square feet of retail space, currently partially occupied. One vacant 2,000 square foot suite is ideal for an artist studio, retail, or flex industrial use. A second ground floor unit, approximately 6,000 square feet, is leased and fully improved as an animal care facility, complete with kennels, a dog salon, and outdoor recreation areas. Upstairs, a 3-bedroom, 2-bathroom residential unit boasts high-end finishes, a spacious living area, a chef's kitchen, and a private patio with stunning views. This multi-tenant building offers a unique blend of commercial and residential space, perfect for an owner-user seeking a combined live/work environment. The asking price is $2,200,000, translating to $206.98 per square foot of net rentable space (4,629 sq ft). This investment opportunity is situated at 68766 Perez Rd, Cathedral City, CA 92234, in Riverside County. The property's Class B designation reflects its solid construction and functionality. Don't miss this chance to acquire a truly unique and versatile property in a desirable location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1976
Construction TILT-UP CONCRETE
Total area 6,480 SF
Lot 0.35 ac (15,245 SF)
Zoning code M1
APN 687-162-011
UPID US09-0758835
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Animal Rescue By Rick&Eva Inc. Animal Shelter Pet Adoption Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.04M
CAP Approach CAP
$1.43M
Comparable Approach Comparable
$1.56M
Blend (final) Blend
$1.87M
Owner & transaction history
William C Duvall · 4 yrs held
William C Duvall
since 2022
Last sale
$1.9M
4 recorded transactions
2022
Price N/A
2019
$1.9M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
M1 · Cathedral City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $2.8M +37.7%
Industrial (general) $2.2M +6.2%
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