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- 68080 Risueno Road, Cathedral City, CA 92234
- MLS#: 25529355 ( )
- Street Address: 68080 Risueno Road
- Viewed: 3
- Price: $1,788,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1961
- Bldg sqft: 0
- Days On Market: 18
- Additional Information
- County: RIVERSIDE
- City: Cathedral City
- Zipcode: 92234
- Subdivision: Panorama
- Provided by: Douglas Elliman
- Contact: Spencer Spencer
- DMCA Notice
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DescriptionIntroducing 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...
Property Location and Similar Properties
All
Similar
Features
Appliances
- Dishwasher
- Disposal
- Refrigerator
Building Area Total
- 4900.00
Cooling
- Central Air
Country
- US
Garage Spaces
- 4.00
Heating
- Central
Interior Features
- Ceiling Fan(s)
Levels
- One
Netoperatingincome
- 105000.00
Parcel Number
- 675253030
Parking Features
- Garage - Two Door
- Guest
Postalcodeplus4
- 9108
Sourcesystemkey
- 25529355:CLAW
Subdivision Name Other
- Panorama
Totalexpenses
- 10000.00
Year Built
- 1961
Zoning
- R1

Based on information from California Regional Multiple Listing Service, Inc. as of May 11, 2025. 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. 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.
Display of MLS data is usually deemed reliable but is NOT guaranteed accurate.
Datafeed Last updated on May 11, 2025 @ 12:00 am
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