Cathedral City Homes with Apartment Subtype

Welcome to Cathedral City, California—a hidden gem nestled in the heart of Riverside County. Known for its stunning desert landscapes and vibrant community, Cathedral City is a place where the sun shines year-round, offering an inviting atmosphere for families, retirees, and everyone in between. With the majestic San Jacinto Mountains as a backdrop, residents can enjoy breathtaking views and a myriad of outdoor activities, from hiking to golfing.

Cathedral City is not just about natural beauty; it boasts a rich cultural scene with art galleries, theaters, and an array of dining options that cater to every palate. The city hosts various events throughout the year, including the popular Cathedral City Street Fair, where locals and visitors alike come together to celebrate the community spirit.

When it comes to real estate, Cathedral City offers a diverse range of housing options, including charming homes with apartment subtypes. These residences are perfect for those seeking flexibility, whether you’re looking to accommodate extended family, generate rental income, or simply enjoy the extra space. Many of these homes feature modern amenities, spacious layouts, and outdoor areas ideal for entertaining or soaking up the California sun.

Living in Cathedral City means embracing a lifestyle filled with warmth, community, and endless possibilities. Whether you're a first-time homebuyer or looking to invest, this city presents an exceptional opportunity to find your dream home in a thriving environment. Explore the beauty and charm of Cathedral City today, and discover why so many are proud to call this place home!

Newest Cathedral City 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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