25
See all 25 photos
$1,300,000
Est. payment /mo
3 Beds
0.43 Acres Lot
New
27700 Avenida Terrazo Cathedral City, CA 92234
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25268195
Bedrooms 3
Lot Size 0.430 Acres
Property Sub-Type Res Income 2-4 Units
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, Dennys, 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 kitc
Location
State CA
County Riverside
Zoning Assessor
Direction Merge onto I-10 E, Take exit 126 for Date Palm Dr, Use the right lane to turn right onto Date Palm Dr, Turn right at the 1st cro
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 677173055
Acceptable Financing Cash
Listing Terms Cash
Listed by Eric Chen CB RICHARD ELLIS
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