68080 Risueno Road

Cathedral City, CA 92234

  • 12 Bed(s)
  • 0 Bath(s)
  • 4,900 Sqft
  • 7841
    Sqft(Lot)
$1,788,000

Description

Introducing four turn-key, free-standing homes on two combined lots with shovel-ready rti plans for additional development. currently, 2 out of the 4 units are delivered vacant, with a long rental history and low vacancy. each turn-key property consists of 2 bedrooms and 1 bath, and has their own private backyard space, parking, and shares a sparkling communal pool. a true oasis compound. while the homes are ready to generate income now at close to 6% cap, the fully entitled and approved plans allow the next owner to build an additional 2 (2 bd/1 bth) homes/adu's, for 6 total, creating an additional stream of income and a potential $15k in gross return at just today's market rates. this is a rare chance to create immediate cash flow with new tenants, live in one home and rent out others, and/or value-add with additional development and increased income. get in before the $2.2b palm springs airport expansion. the ultimate canvas for real estate investors in a growing region...

  • Property Type

    Residential Income

  • County

    Riverside

  • Style

    Residential Income

  • AD ID

    49485710

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Property Details

  • Bedroom Information

    • Total Bedrooms : 12

    Bathroom Information

    • Total Baths: 6
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Interior Features: Ceiling Fan(s)
    • Property Appliances: Dishwasher,Disposal,Refrigerator

    Cooling Features

    • Central Air
    • Air Conditioning

    Heating Source

    • Central
    • Has Heating

  • Building Information

    • Year Built: 1961
    • Building Area Total: 4,900

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.18
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 7841

  • Listing Price Information

    • Original List Price: 1,788,000
    • Listing Contract Date: 2025-04-23

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 675253030

  • Garage and Parking

    • Garage Description: Door-Multi,Garage,Guest

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 335 - Cathedral City North
    • Postal Code Plus 4: 9108
    • Directions: Heading south on Landau, make a left on Tortuga, a right on La Paz. Units on the corner of Risueno and La Paz.
    • Zoning: R1
    • Source Property Type: Residential Income
    • Area: 335 - Cathedral City North

    Building and Construction

    • Property Age: 64
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 4900
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 04/26/2025 @ 11:22

  • MLS: 25529355
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 12 bedrooms which is for sale, it has 4,900 sqft, 7,841 sized lot, and 4 parking. are nearby neighborhoods.