28875 Avenida La Paz Active Save Request In-Person Tour Request Virtual Tour
Cathedral City,CA 92234
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Panorama (33545)
MLS Listing ID OC25003581
Year Built 2002
Lot Size 8,712 Sqft
Property Description
**Best Deal in the Coachella Valley! 6 Bedrooms, 4 Bathrooms – Duplex Investment with Huge Upside Potential**
This is a **rare opportunity** to own a well-maintained duplex in **Cathedral City**, just minutes from Palm Springs, at an unbeatable price. Featuring **6 bedrooms** and **4 bathrooms** across two spacious 3-bedroom, 2-bathroom units, this property offers **under-market rents** and incredible income potential. The current rents of **$1,500 per unit** are far below what similar units in the area are commanding—**pro forma rent is $2,700 per unit**, making this a high-return opportunity!
Comparable properties in the area have recently sold for **$835,000** and **$765,000**, but you can secure this **exceptional investment for just $655,000**—the **best deal in the Coachella Valley**!
Located in the heart of one of Southern California's most sought-after regions, this duplex is a perfect blend of **affordable living** and **prime investment value**. The Coachella Valley is famous for its **year-round sunshine**, stunning mountain views, and proximity to top attractions like **Joshua Tree National Park**, **the Coachella Music Festival**, and the **Living Desert Zoo**. With strong demand for rental properties in this booming area, the potential for future appreciation is substantial.
Each unit is designed for maximum comfort and functionality, with **open floor plans**, **spacious kitchens**, and **private patios** that enhance the indoor-outdoor living experience. The property also includes **2-car attached garages** for each unit, **private laundry rooms**, and **separate utilities**, making it **low-maintenance** for both owners and tenants. With **4 additional parking spaces**.
The property is currently **tenant-occupied**, providing immediate rental income, and represents a **stable, low-expense investment**. **Annual gross income** is approximately **$64,800**, with only **$3,985 in operating expenses**, making it a highly profitable asset. The current tenants have leases through **July 2025**, offering a secure, hands-off investment with reliable cash flow.
Whether you're a savvy investor looking to add to your portfolio or an owner-occupant seeking a property with income potential, this duplex offers **unmatched value**, **flexibility**, and **location**. Don't let this opportunity slip by—properties like this don't last long in the Coachella Valley!
Location
State CA
County Riverside
Area 335 - Cathedral City North
Zoning R1
Interior
Heating Central
Cooling Central Air
Flooring Carpet,Laminate,Tile
Fireplaces Type None
Laundry Inside
Exterior
Parking Features Direct Access,Door-Single,Driveway,Garage,Garage Faces Rear
Garage Spaces 4.0
Garage Description 4.0
Fence Partial
Pool None
Community Features Sidewalks
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
View Y/N No
View None
Roof Type Tile
Building
Lot Description Front Yard
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard