Cathedral City Homes with Apartment Subtype

Welcome to Cathedral City, California, a vibrant oasis nestled in the heart of Riverside County. Known for its stunning desert landscapes, Cathedral City offers a unique blend of natural beauty, cultural diversity, and a welcoming community atmosphere. With the majestic San Jacinto Mountains as a backdrop, this city is a paradise for outdoor enthusiasts, offering numerous hiking trails, parks, and recreational activities that cater to all ages.

Cathedral City boasts a rich tapestry of neighborhoods, each with its own charm and appeal. Among the most sought-after options are homes with apartment subtypes, which provide a perfect blend of comfort and convenience. These residences often feature spacious layouts, modern amenities, and the opportunity for rental income, making them an attractive choice for both investors and families alike. Whether you’re looking for a cozy two-bedroom apartment or a more expansive multi-family unit, the options in Cathedral City are diverse and plentiful.

The city is also known for its vibrant arts scene, annual festivals, and a variety of dining and shopping experiences that cater to every taste and preference. With a strong sense of community and a focus on inclusivity, Cathedral City is not just a place to live; it’s a place to thrive.

If you’re considering making Cathedral City your home, you’ll find that the combination of scenic beauty, cultural richness, and the availability of homes with apartment subtypes makes it an ideal choice for anyone looking to embrace the California lifestyle. Come explore all that this captivating city has to offer!

Newest Cathedral City Homes with Apartment Subtype

$1,800,000

PW26156345 MLS ⋅ Active Status

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.

37250 Bankside Drive, Cathedral City

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