29395 Avenida La Paz, Cathedral City, CA 92234
- $850,000
- 7
- BD
- 5
- BA
- 4,442
- SqFt
- List Price
- $850,000
- Status
- PENDING
- MLS#
- 26636901PS
- Year Built
- 1990
- Bedrooms
- 7
- Bathrooms
- 5
- Living Sq. Ft
- 4,442
- Lot Size
- 8,276
- Acres
- 0.19
- Days on Market
- 230
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
Rare opportunity to own a vacant triplex at 29395 Avenida La Paz in Cathedral City delivered vacant and ready to rent at current market rates from day one! Unit mix includes two 3BD/2BA units and one 2BD/1BA unit with a bonus room, plus two separate 2-car garages adding tremendous tenant appeal. With strong rental demand across the Coachella Valley, the 3BD/2BA units have a rental potential of $2,500$3,500/month each and the 2BD/1BA with bonus room commanding $1,500$2,300/month this property has a potential gross monthly income of $6,500$10,300/month. Perfect for the seasoned investor looking to add a cash flowing asset to their portfolio, a first time investor ready to get into the market, or an owner-occupant looking to live in one unit while the other two units pay the mortgage. No inherited leases, no tenant transitions just close and start generating income immediately. Strong rental demand, rising rents, and a centrally located Coachella Valley address make this a compelling opportunity that will not last long.
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Additional Information
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Garage Spaces Total
- 4
- Attached Structure
- Detached
- Number Of Units Total
- 3
Listing courtesy of Listing Agent: Miguel Briones (brionesmcarthy@gmail.com) from Listing Office: HomeSmart.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.