37250 Bankside DR, Cathedral City, CA 92234
37250 Bankside DR, Cathedral City, CA 92234
37250 Bankside DR, Cathedral City, CA 92234
37250 Bankside DR, Cathedral City, CA 92234
37250 Bankside DR, Cathedral City, CA 92234
37250 Bankside DR, Cathedral City, CA 92234
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Sam Mu

Sam Mu

+1(949) 258-2228
$ 1,800,000
Est. payment | /mo

0.36 Acres Lot

Save
$ 1,800,000
Est. payment | /mo
Save

0.36 Acres Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26156345

HOA Y/N No

Year Built 1963

Lot Size 0.360 Acres

Property Sub-Type Apartment

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 335 - Cathedral City North

Interior

Fireplace No

Laundry Common Area

Exterior

Pool Private

Community Features Sidewalks

Total Parking Spaces 12

Private Pool Yes

Building

Lot Description Irregular Lot

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 687101002

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Ryan Loria Triqor Group 949-756-3232, DRE #02006138

Nearby Locations

Sam Mu

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 258-2228

sammuteam@gmail.com

880 Roosevelt Suite 250, Irvine, California 92620, United States

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Sam Mu, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

37250 Bankside DR