37250 Bankside DR, Cathedral City, CA 92234
37250 Bankside DR, Cathedral City, CA 92234
37250 Bankside DR, Cathedral City, CA 92234
37250 Bankside DR, Cathedral City, CA 92234
37250 Bankside DR, Cathedral City, CA 92234
37250 Bankside DR, Cathedral City, CA 92234
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RYAN STEELE

RYAN STEELE

+1(818) 900-1859
$ 1,800,000
Est. payment | /mo

3 Beds

3 Baths

6,680 SqFt

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$ 1,800,000
Est. payment | /mo
Save

3 Beds

3 Baths

6,680 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,680 sqft

Price per Sqft $269

Subdivision Cathedral City Cove

MLS Listing ID PW26156345MR

Bedrooms 3

Year Built 1963

Lot Size 0.360 Acres

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Riverside

Area Cathedral City North

Interior

Laundry Laundry Area

Exterior

Garage Spaces 12.0

Pool Private

Community Features Sidewalks

Building

Story 1

Sewer Public Sewer

Water Public

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Triqor Group

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37250 Bankside DR