Properties

Cathedral City, CA 92234 27700 Avenida Terrazo

27700 Avenida Terrazo Cathedral City, CA - Image 127700 Avenida Terrazo Cathedral City, CA - Image 227700 Avenida Terrazo Cathedral City, CA - Image 3
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Presented By: Eric Chen with CB RICHARD ELLIS; 626-757-5717
  • MLS# CV25268195
  • 12/01/2025
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  • Baths • 1
  • SQFT • 4,200

Home Details

We are proud to present 27700 Avenida Terrazo, a compelling 7-unit multifamily investment opportunity in the highly desirable Coachella Valley market and the thriving city of Cathedral City. This well-located asset sits directly across from the DoubleTree by Hilton Hotel Golf Resort Palm Springs, providing tenants with a premium location and unparalleled convenience to essential retail and lifestyle amenities. Its prime positioning offers quick access to destinations like Starbucks, Stater Bros. Market, Dennyโ€™s, CVS, and Jack in the Box, all within walking distance. The area also benefits from proximity to acclaimed leisure spots, including Escena Golf Club and Cimarron Golf Resort, and is within a short driving distance of the world-class shopping and luxury retail of the Palm Springs desert, including the famed El Paseo Shopping District (The Rodeo Drive of the Desert) in Palm Desert. 27700 Avenida Terrazo is a one-story, 7-unit multifamily property spanning a generous ยฑ19,731 SF lot size with a ยฑ4,200 SF building size. It features an excellent unit mix designed for broad appeal: six 1-bedroom/1-bathroom units and one 2-bedroom/2-bathroom unit, averaging a comfortable size of 600 SF each. Built in 1983, the construction is low-maintenance, featuring a Spanish tile roof and low-water-use desert landscaping with decorative rock features and mature palm trees. Further enhancing the investment profile, the property offers a highly desirable amenity set including fully equipped kitchens with Stainless Steel appliances and modern backsplashes, alongside upgraded bathrooms and kitchens (in select units). Residential comfort is provided through tile flooring for easy maintenance, in-unit features such as ceiling fans and vertical blinds, and wall air and heating. Each unit benefits from an individual private porch, and the property provides tenants with a convenience package featuring an on-site laundry facility, decorative security screen doors, and a plethora of on-site surface parking. This stable, well-maintained unit base provides immediate income stability and is an attractive offering for residents seeking quality housing in a convenient, well-established location. The property offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange buyer.
Presented By: Eric Chen with CB RICHARD ELLIS; 626-757-5717

Interior Features for 27700 Avenida Terrazo

Other Interior Features

Air Conditioning Y/NYes
Common Walls2+ Common Walls
Heating Y/NYes
Laundry FeaturesCommon Area
Total Stories1

Other Rooms

Entry Level1

General for 27700 Avenida Terrazo

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate4.87
CityCathedral City
Community FeaturesCurbs, Sidewalks
CoolingWall/Window Unit(s)
CountyRiverside
DirectionsMerge onto I-10 E, Take exit 126 for Date Palm Dr, Use the right lane to turn right onto Date Palm Dr, Turn right at the 1st cross street onto Vista Chino, Turn right onto Avenida Terrazo
Electric Expense1025
Entry Location1
Fuel Expense1254
Garage Spaces
Garage Y/NNo
Gross Income109920
HOANo
HOA Fee$
HeatingWall Furnace
Insurance Expense4865
Land Lease Y/NNo
LevelsOne
Listing TermsCash, Cash to New Loan
Lot Size Square Feet18731
Lot Size UnitsSquare Feet
MLS Area335 - Cathedral City North
MaintenanceExpense4900
Net Operating Income60825
New ConstructionNo
Number Of Units Total7
Number of Units Leased7
Open Parking Spaces10
Operating Expense46571
Pool FeaturesNone
PostalCityCATHEDRAL CITY
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Subdivision NameAvenida Terrazo
Tax LotW
Taxes$23,972
Total Actual Rent109920
Trash Expense0
Water Sewer Expense886.27
Year Built1983
Year Built SourceAssessor

Exterior for 27700 Avenida Terrazo

Building Area Total4200
Lot Features6-10 Units/Acre
Lot Size Acres0.43
Lot Size Area18731
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters7
Number of Separate Gas Meters7
Number of Separate Water Meters1
Private PoolNo
Total Parking10
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,250,000
MLS#CV25268195
List Date 12/01/2025
Property Type Multi-Family
Phone 888.795.6274
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