28875 Avenida La Paz, Cathedral City, CA 92234
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- MLS#: OC25003581 ( Multi-Family )
- Street Address: 28875 Avenida La Paz
- Viewed: 9
- Price: $650,000
- Price sqft: $0
- Waterfront: No
- Year Built: 2002
- Bldg sqft: 0
- Days On Market: 49
- Additional Information
- County: RIVERSIDE
- City: Cathedral City
- Zipcode: 92234
- Subdivision: Panorama (33545)
- Provided by: Seven Gables Real Estate
- Contact: Maria Maria
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Description**Best Deal in the Coachella Valley! 6 Bedrooms, 4 Bathrooms Duplex Investment with Huge Upside Potential** This is a **rare opportunity** to own a well maintained duplex in **Cathedral City**, just minutes from Palm Springs, at an unbeatable price. Featuring **6 bedrooms** and **4 bathrooms** across two spacious 3 bedroom, 2 bathroom units, this property offers **under market rents** and incredible income potential. The current rents of **$1,500 per unit** are far below what similar units in the area are commanding**pro forma rent is $2,700 per unit**, making this a high return opportunity! Comparable properties in the area have recently sold for **$835,000** and **$765,000**, but you can secure this **exceptional investment for just $655,000**the **best deal in the Coachella Valley**! Located in the heart of one of Southern Californias most sought after regions, this duplex is a perfect blend of **affordable living** and **prime investment value**. The Coachella Valley is famous for its **year round sunshine**, stunning mountain views, and proximity to top attractions like **Joshua Tree National Park**, **the Coachella Music Festival**, and the **Living Desert Zoo**. With strong demand for rental properties in this booming area, the potential for future appreciation is substantial. Each unit is designed for maximum comfort and functionality, with **open floor plans**, **spacious kitchens**, and **private patios** that enhance the indoor outdoor living experience. The property also includes **2 car attached garages** for each unit, **private laundry rooms**, and **separate utilities**, making it **low maintenance** for both owners and tenants. With **4 additional parking spaces**. The property is currently **tenant occupied**, providing immediate rental income, and represents a **stable, low expense investment**. **Annual gross income** is approximately **$64,800**, with only **$3,985 in operating expenses**, making it a highly profitable asset. The current tenants have leases through **July 2025**, offering a secure, hands off investment with reliable cash flow. Whether youre a savvy investor looking to add to your portfolio or an owner occupant seeking a property with income potential, this duplex offers **unmatched value**, **flexibility**, and **location**. Dont let this opportunity slip byproperties like this dont last long in the Coachella Valley!
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Property Type
- Multi-Family