Rare opportunity to acquire 7 single-story units on a quiet street in an up-and-coming residential neighborhood featuring newly remodeled larger, modern homes. The building has great curb appeal on a large lot that could potentially be further developed. There are 6, 1-bed 1-bath units and 1, 2-bed 2-bath unit. Each unit has a small enclosed front patio, adding to the desirability. Most units have thoroughly updated kitchens, flooring, air conditioning, and window treatments, and are contemporary, not dated. Bathrooms are modern, and each unit is kept painted. All 7 units have separate gas and electric meters. An on-site laundry provides additional income and attracts tenants. There are multiple long-term tenants. Proforma Rent 109,920 + Laundry 797.95 = 110717.95 Gross RevenueExpenses: Taxes – 22,086.16; Insurance 4,864.50; Electric 1,025.08; Gas – 1,254.01; Water – 886.27; Landscaping – 2,400 = 29,350.66 Total Expenses Net Income : 81,367.29
Property Details
Price:
$1,680,000
MLS #:
219132613DA
Status:
Active
Baths:
0
Address:
27700 Avenida Terrazo
Type:
Residential Income
Neighborhood:
335cathedralcitynorth
City:
Cathedral City
Listed Date:
Jul 11, 2025
State:
CA
ZIP:
92234
Lot Size:
18,731 sqft / 0.43 acres (approx)
Year Built:
1983
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Schools
Interior
Appliances
Water Heater
Cooling
Heat Pump, Gas, Electric, Central Air
Flooring
Tile
Heating
Central, Heat Pump
Exterior
Garage Spaces
0.00
Parking Features
Guest, Unassigned
Parking Spots
0.00
Sewer
Unknown
Stories Total
1
Financial
Association Fee
0.00
Map
Community
- Address27700 Avenida Terrazo Cathedral City CA
- Area335 – Cathedral City North
- CityCathedral City
- CountyRiverside
- Zip Code92234
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27700 Avenida Terrazo
Cathedral City, CA
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