Cathedral City Homes with Apartment Subtype

Welcome to Cathedral City, a hidden gem nestled in the heart of Riverside County, California. Just a stone's throw from the vibrant Palm Springs area, Cathedral City boasts a unique blend of stunning desert landscapes, a rich cultural tapestry, and a laid-back lifestyle that attracts residents and visitors alike. With its picturesque views of the San Jacinto Mountains, sunny weather, and an array of outdoor recreational activities, it's no wonder that Cathedral City is becoming one of the most sought-after locations in Southern California.

For those seeking a home with an apartment subtype, Cathedral City offers a variety of options that cater to diverse lifestyles and budgets. From charming duplexes to modern multi-family units, the housing market here is as dynamic as the community itself. Many of these homes come equipped with spacious layouts, private outdoor spaces, and access to community amenities such as pools, parks, and fitness centers, making them perfect for families, professionals, or retirees.

The city's commitment to fostering a vibrant community is evident in its annual events, art festivals, and cultural celebrations, which bring residents together and create a sense of belonging. With its affordable housing options and proximity to major attractions, Cathedral City is not just a place to live; it's a place to thrive. Whether you’re looking for a cozy apartment to call home or an investment opportunity in a growing area, Cathedral City has something for everyone. Come explore the possibilities and discover why this charming city is the perfect place to lay down roots!

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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