858-525-5007

68080 Risueno, Cathedral City CA 92234 | $1,595,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 16988 Lot Sq Ft
  • Type:
  • Stories: 1
  • Year Built: 1962
  • MLS#: 25602401
  • Community: 335 - Cathedral City North

Listing provided courtesy of Ernie Carswell of Sotheby's International Realty. Last updated 2025-11-11 09:11:47.000000. Listing information © 2025 SANDICOR.

RARE INVESTOR OPPORTUNITY- Introducing four turn-key, Free-standing Homes on two combined lots with RTI Plans for additional development. Two homes are currently Vacant and ready for market-rents. Long rental history and low vacancies. Each turn-key property has its own private backyard space, parking, and shares a communal pool: A true Oasis Compound. While the homes are ready to generate income NOW at a 6.5% CAP, the fully entitled and approved plans allow the next owner to build an additional 2 homes, for 6 total, creating an additional stream of income and a potential $15K in gross return at just today's market rates. This is a rare chance to create immediate cash flow with new tenants, live in one home and rent out others, and/or value-add with additional development and increased income. Get in before the $2.2B Palm Springs Airport Expansion. The ultimate canvas for Real Estate Investors in a growing region...

More Details

0.39 Acres
1 Story

David Piper​

Call or Text: 858-525-5007

DRE# 02021985