Cathedral City North (335) Homes with Apartment Subtype

Welcome to Cathedral City North, a hidden gem nestled in the heart of Riverside County, California. This vibrant community offers an enchanting blend of desert charm and modern amenities, making it an ideal destination for homebuyers seeking a serene yet dynamic lifestyle. With stunning mountain views and a backdrop of lush palm trees, Cathedral City North is a picturesque setting that invites you to explore its unique offerings.

One of the standout features of this region is its diverse selection of homes, particularly those with an apartment subtype. These properties provide an excellent opportunity for multi-generational living or rental income, making them a savvy investment choice. Imagine having a cozy apartment within your home, perfect for guests, family members, or even as a private office space. The flexibility that these homes offer is perfect for today’s dynamic lifestyle.

Cathedral City North is not just about beautiful homes; it also boasts a rich cultural scene, with art galleries, theaters, and festivals that celebrate the vibrant community spirit. Outdoor enthusiasts will appreciate the nearby hiking trails, golf courses, and parks that invite exploration and recreation. Plus, with easy access to the bustling city of Palm Springs, you can enjoy world-class dining, shopping, and entertainment just a short drive away.

Whether you’re looking for a serene retreat or a lively community, Cathedral City North offers the best of both worlds. Explore the exceptional homes available in this captivating region and discover your dream lifestyle in sunny California!

Newest Cathedral City North (335) 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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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.