28875 Avenida La Paz
Cathedral City, CA 92234
0.20 acres | #OC25003581
Description
**Best Deal in the Coachella Valley! 6 Bedrooms, 4 Bathrooms – Duplex Investment with Huge Upside Potential**
This is a **rare opportunity** to own a well-maintained duplex in **Cathedral City**, just minutes from Palm Springs, at an unbeatable price. Featuring **6 bedrooms** and **4 bathrooms** across two spacious 3-bedroom, 2-bathroom units, this property offers **under-market rents** and incredible income potential. The current rents of **$1,500 per unit** are far below what similar units in the area are commanding—**pro forma rent is $2,700 per unit**, making this a high-return opportunity!
Comparable properties in the area have recently sold for **$835,000** and **$765,000**, but you can secure this **exceptional investment for just $655,000**—the **best deal in the Coachella Valley**!
Located in the heart of one of Southern California’s most sought-after regions, this duplex is a perfect blend of **affordable living** and **prime investment value**. The Coachella Valley is famous for its **year-round sunshine**, stunning mountain views, and proximity to top attractions like **Joshua Tree National Park**, **the Coachella Music Festival**, and the **Living Desert Zoo**. With strong demand for rental properties in this booming area, the potential for future appreciation is substantial.
Each unit is designed for maximum comfort and functionality, with **open floor plans**, **spacious kitchens**, and **private patios** that enhance the indoor-outdoor living experience. The property also includes **2-car attached garages** for each unit, **private laundry rooms**, and **separate utilities**, making it **low-maintenance** for both owners and tenants. With **4 additional parking spaces**.
The property is currently **tenant-occupied**, providing immediate rental income, and represents a **stable, low-expense investment**. **Annual gross income** is approximately **$64,800**, with only **$3,985 in operating expenses**, making it a highly profitable asset. The current tenants have leases through **July 2025**, offering a secure, hands-off investment with reliable cash flow.
Whether you’re a savvy investor looking to add to your portfolio or an owner-occupant seeking a property with income potential, this duplex offers **unmatched value**, **flexibility**, and **location**. Don’t let this opportunity slip by—properties like this don’t last long in the Coachella Valley!
Property Details
- Utility FeaturesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
- InteriorAllBedroomsDown, BedroomOnMainLevel, MainLevelPrimary
- SubdivisionPanorama (33545)
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- MLS #OC25003581
- MLS #OC25003581
- Lot DescriptionFrontYard
- CountyRiverside
- Original List Price$675,000
- Utility SourcePublic
- Cost655000
- Property SubtypeDuplex
- Year Built2002
- FoundationSlab
- Acres0.2
- Stories1
- Parking Spaces4
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Maria Xanthakis (#SXANTMAR)
Listing Office: Seven Gables Real Estate (#H894)
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