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68080 Risueno Rd

68080 Risueno Rd Cathedral City, CA 92234

Multi-Family (2-4 Units) MLS #: 25507085 Courtesy Of Douglas Elliman of California

$1,885,000

12 beds | 4,900 sq ft
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Estimated monthly payments: $8,240/mo.* (recalculate)
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Property InformationDescription

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

  • Age: Over 50 Years Old
  • Architecture Style: Other
  • Heating System: Central Furnace
  • Lot Size: 0.18 Acres

MAP & DIRECTIONS

MAP & DIRECTIONS

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68080 Risueno Rd, Cathedral City, CA 92234
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School Information

68080 Risueno Rd, Cathedral City, CA 92234

Elementary School
Grades KG-5 | Public School
LANDAU ELEMENTARY SCHOOL
Cathedral City, CA 92234
30310 Landau Blvd
760.­770.8600
Distance: 0.2 mi
School Rating
C+
Student:Teacher Ratio
23:1
Total Students
663
Middle School
Grades 6-8 | Public School
JAMES WORKMAN MIDDLE SCHOOL
Cathedral City, CA 92234
69300 30th Ave
760.­770.8540
Distance: 1.2 mi
School Rating
C+
Student:Teacher Ratio
24:1
Total Students
1129
High School
Grades 9-12 | Public School
RANCHO MIRAGE HIGH SCHOOL
Rancho Mirage, CA 92270
31001 Rattler Rd
760.­416.6055
Distance: 2.4 mi
School Rating
A-
Student:Teacher Ratio
23:1
Total Students
1518
Other Nearby Schools Distance Type Grades School Rating
Mt. San Jacinto High School 0.6 mi Public 9-12 D+
Agua Caliente Elementary School 1.0 mi Public KG-5 D
Virtual Pre 1.3 mi Public
Sunny Sands Elementary School 1.3 mi Public KG-5 A-
Rio Vista Elementary School 1.5 mi Public KG-5 B-
Montessori School Of Palm Springs 2.0 mi Private PK-5
Cielo Vista Charter 2.0 mi Public KG-8 B-
Cathedral City High School 2.4 mi Public 9-12 B
St Theresa Elementary School 2.6 mi Private PK-8
King's Schools Of The Desert 2.7 mi Private KG-8
Nellie N. Coffman Middle School 2.8 mi Public 6-8 D+
Palm Springs High School 2.9 mi Public 9-12 A-
Desert Learning Academy 3.0 mi Public KG-12 C
Cathedral City Elementary School 3.1 mi Public KG-5 C+
Palm Valley School 3.3 mi Private PK-12
Raymond Cree Middle School 3.6 mi Public 6-8 C-
Katherine Finchy Elementary School 3.7 mi Public KG-5 C
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Cathedral City, CA 92234

Median Age: 40.6
Married: 45%
Number of Households: 18,185
Households with Children: 27%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
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