37250 Bankside Drive, Cathedral City, CA 92234
37250 Bankside Drive, Cathedral City, CA 92234
37250 Bankside Drive, Cathedral City, CA 92234
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Naghmeh Keyvani

Naghmeh Keyvani

+1(201) 759-6517
Listed by Ryan Loria • Triqor Group
$1,800,000
Est. payment /mo
6,680 SqFt
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Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 6,680 sqft

Price per Sqft $269

Subdivision Cathedral City Cove

MLS Listing ID PW-26156345

Year Built 1963

Lot Size 0.360 Acres

Property Sub-Type Apartment

Source California Regional Multiple Listing Service (CRMLS)

Property Description

We are pleased to present Bankside Apartments, well-maintained and upgraded 12-unit apartment community located in Cathedral City, CA. The property offers an attractive unit mix consisting of spacious, single-story Studio, 1-bedroom, and 2-bedroom units. Eleven of the twelve units have been thoughtfully renovated with wood-look porcelain tile flooring, upgraded kitchens and bathrooms, stainless sinks, and dual-pane windows. The community features a sparkling swimming pool within a gated courtyard, central heating and air conditioning, an on-site laundry facility, open parking, and all-new electrical panels. Bankside Apartments presents a compelling value-add opportunity with approximately 45% upside in rental income. Through the continued implementation of market rents, a new owner has the potential to significantly increase cash flow and achieve an estimated 8.2% capitalization rate, making this an attractive investment in one of the Coachella Valley's strongest rental markets.

Location

State CA

County Riverside

Area 336 - Cathedral City South

Interior

Laundry Common Area

Exterior

Pool Private

Community Features Sidewalks

Building

Lot Description Irregular Lot

Sewer Public Sewer

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Naghmeh Keyvani

Naghmeh Keyvani

+1(201) 759-6517

Broker Associate | License ID: DRE# 02091823

Broker Associate License ID: DRE# 02091823

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