Cathedral City Homes with Apartment Subtype

Welcome to Cathedral City, California – a vibrant gem nestled in the heart of Riverside County. Known for its stunning desert landscapes and a rich tapestry of cultural experiences, Cathedral City offers a unique blend of relaxation and excitement. With the majestic San Jacinto Mountains as a backdrop, residents enjoy breathtaking views and a warm, sunny climate that invites outdoor adventures year-round.

Cathedral City is not just about stunning scenery; it boasts a thriving community filled with art, entertainment, and dining options. The city is home to various annual events, including the Cathedral City Hot Air Balloon Festival and the Cathedral City LGBT Days, celebrating diversity and community spirit. The bustling downtown area is adorned with charming shops, galleries, and eateries, making it a perfect spot for leisurely strolls or vibrant nights out.

For those considering a move to this enchanting city, Cathedral City offers a diverse selection of homes, including properties with apartment subtypes. These homes are ideal for families, investors, or anyone looking for a multi-generational living arrangement. With spacious layouts, modern amenities, and the potential for rental income, homes with apartment subtypes provide flexibility and convenience. Imagine having the ability to host family members or generate passive income while enjoying the perks of desert living.

In Cathedral City, you’ll find not only a place to call home but a lifestyle filled with warmth, community, and endless opportunities. Discover your dream home in this picturesque city and experience everything it has to offer!

Newest Cathedral City Homes with Apartment Subtype

$1,800,000

PW26156345 MLS ⋅ Active Status

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.

37250 Bankside Drive, Cathedral City

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