CA > Cathedral City > Rio Vista
Cathedral City, CA 92234,27700 Avenida Terrazo
Cathedral City, CA 92234,27700 Avenida Terrazo
Cathedral City, CA 92234,27700 Avenida Terrazo
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$1,300,000
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3 Beds
3 Baths
4,200 SqFt
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27700 Avenida Terrazo Cathedral City, CA 92234

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Terri Dale

Terri Dale

+1(714) 321-9540

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,200 sqft

Price per Sqft $309

Subdivision Rio Vista

MLS Listing ID CV25268195MR

Bedrooms 3

Year Built 1983

Lot Size 0.430 Acres

Property Sub-Type Multi-Family

Property Description

We are proud to present 27700 Avenida Terrazo, a compelling 7-unit multifamily investment opportunity in the highly desirable Coachella Valley market and the thriving city of Cathedral City. This well-located asset sits directly across from the DoubleTree by Hilton Hotel Golf Resort Palm Springs, providing tenants with a premium location and unparalleled convenience to essential retail and lifestyle amenities. Its prime positioning offers quick access to destinations like Starbucks, Stater Bros. Market, Denny s, CVS, and Jack in the Box, all within walking distance. The area also benefits from proximity to acclaimed leisure spots, including Escena Golf Club and Cimarron Golf Resort, and is within a short driving distance of the world-class shopping and luxury retail of the Palm Springs desert, including the famed El Paseo Shopping District (The Rodeo Drive of the Desert) in Palm Desert. 27700 Avenida Terrazo is a one-story, 7-unit multifamily property spanning a generous 19,731 SF lot size with a 4,200 SF building size. It features an excellent unit mix designed for broad appeal: six 1-bedroom/1-bathroom units and one 2-bedroom/2-bathroom unit, averaging a comfortable size of 600 SF each. Built in 1983, the construction is low-maintenance, featuring a Spanish tile roof and low-water-use desert landscaping with decorative rock features and mature palm trees. Further enhancing the investment profile, the property offers a highly desirable amenity set including fully equipped kitchens with Stainless Steel appliances and modern backsplashes, alongside upgraded bathrooms and kitchens (in select units). Residential comfort is provided through tile flooring for easy maintenance, in-unit features such as ceiling fans and vertical blinds, and wall air and heating. Each unit benefits from an individual private porch, and the property provides tenants with a convenience package featuring an on-site laundry facility, decorative security screen doors, and a plethora of on-site surface parking. This stable, well-maintained unit base provides immediate income stability and is an attractive offering for residents seeking quality housing in a convenient, well-established location. The property offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange buyer.

Location

State CA

County Riverside

Area Cathedral City North

Interior

Heating Wall

Cooling Wall/Window Unit(s)

Laundry Laundry Area

Exterior

Garage Spaces 10.0

Pool None

Community Features Curbs, Sidewalks

Building

Story 1

Sewer Public Sewer

Water Public

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by CB RICHARD ELLIS

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Terri Dale

Terri Dale

Agent | RE.S.191956

+1(714) 321-9540

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27700 Avenida Terrazo