29395 Avenida La Paz, Cathedral City, CA 92234
List Price: $850K
Listing Status: Active
0Days on Market: 176
7 Bedrooms · 5 Bathrooms · 4,442 sq ft
Property Type: ResidentialIncome
Year Built: 1990
Lot Size: 8,276 sq ft
Garage Spaces: 4
MLS Number: 26636901PS
About This Property
Rare opportunity to own a vacant triplex at 29395 Avenida La Paz in Cathedral City delivered vacant and ready to rent at current market rates from day one! Unit mix includes two 3BD/2BA units and one 2BD/1BA unit with a bonus room, plus two separate 2-car garages adding tremendous tenant appeal. With strong rental demand across the Coachella Valley, the 3BD/2BA units have a rental potential of $2,500$3,500/month each and the 2BD/1BA with bonus room commanding $1,500$2,300/month this property has a potential gross monthly income of $6,500$10,300/month. Perfect for the seasoned investor looking to add a cash flowing asset to their portfolio, a first time investor ready to get into the market, or an owner-occupant looking to live in one unit while the other two units pay the mortgage. No inherited leases, no tenant transitions just close and start generating income immediately. Strong rental demand, rising rents, and a centrally located Coachella Valley address make this a compelling opportunity that will not last long.
Listing provided by: Miguel Briones DRE #01705617 760-844-7500 brionesmcarthy@gmail.com, HomeSmart
Source: CRMLS, MLS #: 26636901PS
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.