Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    68080 Risueno Road, Cathedral City, CA 92234
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    68080 Risueno Road
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    • MLS#: 25507085 ( )
    • Street Address: 68080 Risueno Road
    • Viewed: 8
    • Price: $1,885,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1961
    • Bldg sqft: 0
    • Days On Market: 44
    • Additional Information
    • County: RIVERSIDE
    • City: Cathedral City
    • Zipcode: 92234
    • Subdivision: Panorama
    • Provided by: Douglas Elliman
    • Contact: Spencer Spencer
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      RARE INVESTMENT OPPORTUNITY Introducing four turn key, Free standing Homes on two combined lots with Shovel Ready RTI Plans for additional development. All four homes are delivered Vacant and updated, with a long rental history and low vacancy. Each turn key property consists of 2 Bedrooms and 1 Bath, and has its own private backyard space, parking, and shares a sparkling communal poolA true Oasis Compound. While the homes are ready to generate income NOW at a 5.5% 5.8% CAP, the fully entitled and approved plans allow the next owner to build an additional 2 (2 BD/1 BTH) homes/ADU's, 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...
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    Features
    Appliances
    1. Dishwasher
    2. Disposal
    3. Refrigerator
    Architectural Style
    1. Mid Century Modern
    Building Area Total
    1. 4900.00
    Common Walls
    1. No Common Walls
    Cooling
    1. Central Air
    Country
    1. US
    Garage Spaces
    1. 4.00
    Heating
    1. Central
    Interior Features
    1. Ceiling Fan(s)
    Levels
    1. One
    Netoperatingincome
    1. 105000.00
    Parcel Number
    1. 675253030
    Parking Features
    1. Garage - Two Door
    2. Guest
    Pool Features
    1. In Ground
    2. Fenced
    3. Private
    Postalcodeplus4
    1. 9108
    Sourcesystemkey
    1. 25507085:CLAW
    Spa Features
    1. None
    Subdivision Name Other
    1. Panorama
    Totalexpenses
    1. 10000.00
    Year Built
    1. 1961
    Zoning
    1. R1
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836