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.
Property Details
Price:
$1,800,000
MLS #:
PW26156345
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
335cathedralcitynorth
Listed Date:
Jul 17, 2026
Total Sq Ft:
6,680
Lot Size:
15,682 sqft / 0.36 acres (approx)
Year Built:
1963
See this Listing
Schools
Interior
Laundry Features
AR
Exterior
Common Walls
_2CW
Community Features
SDW
Parking Spots
12
Parking Total
12
Financial
Map
Community
- Address37250 Bankside DR Cathedral City CA
- SubdivisionOther (OTHR)
- CityCathedral City
- CountyRiverside
- Zip Code92234
Subdivisions in Cathedral City
- Campanile
- Candlewood Villas II
- Candlewood Villas II 33605
- Canyon Shores
- Cathedral Canyon Country Club
- Cathedral City Cove
- Cathedral City Cove 33611
- Cathedral Cyn CC SFR 33610
- Cathedral Springs 33534
- Cathedrl Cyn CC 344A 33609
- Century Park
- Cimarron Cove
- Date Palm Country Club 33613
- Desert Princess
- Desert Princess Condo 33538
- Desert Princess SFR 33539
- Desert Shadows RV Resort 33619
- Dream Homes
- Dream Homes 31422
- Lakeview Villa
- Outdoor Resorts Palm Springs
- Panorama
- Panorama 33545
- Rancho Paloma
- Rancho Village 33625
- Rio Del Sol
- Rio Vista 33547
- Royal Palms
- Serenity Cove
- Serenity Cove 33629
- Shadow Crest
- Shadow Crest 33550
- Tapestry 33551
- The Canyon
- Tramview Mobile Park 33635
- Upper Outpost
- Upper Outpost 33553
- Verano
- Verano 33552
Market Summary
Current real estate data for Single Family in Cathedral City as of Jul 24, 2026
350
Single Family Listed
134
Avg DOM
186
Avg $ / SqFt
$382,489
Avg List Price
Property Summary
- Located in the Other (OTHR) subdivision, 37250 Bankside DR Cathedral City CA is a Single Family for sale in Cathedral City, CA, 92234. It is listed for $1,800,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1963. The average price per square foot for Single Family listings in Cathedral City is $186. The average listing price for Single Family in Cathedral City is $382,489.
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37250 Bankside DR
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