Keegan Cin | Realtor® | License # DRE 01971604

Property

Cathedral City, CA 92234 68080 Risueno Road

68080 Risueno Road Cathedral City, CA - Image 168080 Risueno Road Cathedral City, CA - Image 268080 Risueno Road Cathedral City, CA - Image 3
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68080 Risueno Road Cathedral City, CA - Image 468080 Risueno Road Cathedral City, CA - Image 568080 Risueno Road Cathedral City, CA - Image 668080 Risueno Road Cathedral City, CA - Image 768080 Risueno Road Cathedral City, CA - Image 868080 Risueno Road Cathedral City, CA - Image 968080 Risueno Road Cathedral City, CA - Image 1068080 Risueno Road Cathedral City, CA - Image 1168080 Risueno Road Cathedral City, CA - Image 1268080 Risueno Road Cathedral City, CA - Image 1368080 Risueno Road Cathedral City, CA - Image 1468080 Risueno Road Cathedral City, CA - Image 15
Presented By: Ernie Carswell with Douglas Elliman;
  • MLS# 25529355
  • 04/23/2025
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  • Beds • 12
  • Baths • 6
  • SQFT • 1,650
  • Garage • 4
  • Year Built • 1961

Home Details

Introducing four turn-key, Free-standing Homes on two combined lots with Shovel-Ready RTI Plans for additional development. Currently, 2 out of the 4 units are delivered vacant, with a long rental history and low vacancy. Each turn-key property consists of 2 Bedrooms and 1 Bath, and has their own private backyard space, parking, and shares a sparkling communal pool. A true Oasis Compound. While the homes are ready to generate income NOW at close to 6% 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...
Presented By: Ernie Carswell with Douglas Elliman;

Interior Features for 68080 Risueno Road

Bedrooms

Total Bedrooms12

Bathrooms

Half Baths0
Total Baths6
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesCeilingFans
Total Stories1

General for 68080 Risueno Road

Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, Refrigerator
Attached Garage No
Cap Rate6.0
Carport Y/NNo
CityCathedral City
CoolingCentralAir
CountyRiverside
DirectionsHeading south on Landau, make a left on Tortuga, a right on La Paz. Units on the corner of Risueno and La Paz.
DisclosuresSellerDisclosure
Electric On Property Y/NNo
Full Baths
Garage Spaces4.0
Garage Y/NYes
Gross Income120000.0
HOANo
HeatingCentral
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet7841.0
Lot Size UnitsSquareFeet
MLS Area335 - Cathedral City North
MobileHomeRemainsYNNo
Net Operating Income105000.0
New ConstructionNo
Number Of Units Total6
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Subdivision NamePanorama
Waterfront Y/NNo
Year Built1961
ZoningR1

Exterior for 68080 Risueno Road

Building Area Total1650.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.18
Lot Size Area7841.0
Number of Buildings6
Open Parking Y/NNo
Parking FeaturesDoorMulti, Garage, Guest
Private PoolNo
SpaNo
Total Parking8.0

Additional Details

Price History

Alexandra Eston

Sales Associate
Price $1,788,000
MLS#25529355
List Date 04/23/2025
Property Type Multi-Family
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