$1,540,000
$1,800,000
14.4%For more information regarding the value of a property, please contact us for a free consultation.
37250 Bankside DR Cathedral City, CA 92234
0.36 Acres Lot
Key Details
Sold Price $1,540,000
Property Type Other Types
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW26156345
Sold Date 09/22/26
HOA Y/N No
Year Built 1963
Lot Size 0.360 Acres
Property Sub-Type Apartment
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 335 - Cathedral City North
Interior
Fireplace No
Laundry Common Area
Exterior
Pool Private
Community Features Sidewalks
Total Parking Spaces 12
Private Pool Yes
Building
Lot Description Irregular Lot
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 687101002
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Ryan Loria Triqor Group