69180 Victoria DR, Cathedral City, CA 92234
69180 Victoria DR, Cathedral City, CA 92234
69180 Victoria DR, Cathedral City, CA 92234
69180 Victoria DR, Cathedral City, CA 92234
69180 Victoria DR, Cathedral City, CA 92234
69180 Victoria DR, Cathedral City, CA 92234
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Chakits Krulsawat

Chakits Krulsawat

+1(702) 319-1092
$ 2,949,000
Est. payment | /mo

30 Beds

20 Baths

12,300 SqFt

Save
$ 2,949,000
Est. payment | /mo
Save

30 Beds

20 Baths

12,300 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,300 sqft

Price per Sqft $239

MLS Listing ID 219145029DA

Bedrooms 30

Full Baths 20

Year Built 1982

Lot Size 0.800 Acres

Acres 0.8

Property Sub-Type Multi-Family

Property Description

This fully leased, ten-unit property features spacious three-bedroom, two-bath residences averaging approximately 1,230 square feet--each equipped with in-unit laundry, private patios, and covered carport parking. Residents enjoy a premier amenity package, including a resort-style pool and tennis court, all on a well-maintained 0.8-acre site.Strategically located just off the Rancho Mirage border, the property delivers central access to Palm Springs and Palm Desert, in a submarket characterized by increasing rents and enduring demand. Operations are optimized through separately metered utilities, tenant-paid water and trash, and solar-paned common areas, resulting in stable net operating income and low management intensity. Current collections reach an annualized $250,512 in rent and $254,512 effective gross income, supporting a strong in-place cap rate of 6% at the offering price of $2,949,000.Further value lies in the potential conversion of the existing rear ADU into an income-generating unit and the possibility for redevelopment of the tennis court area, pending buyer verification. This asset represents a rare blend of immediate yield and development upside--an attractive proposition for institutional and private investors seeking both stable returns and long-range growth in one of Southern California's most resilient rental markets.

Location

State CA

County Riverside

Area Cathedral City South

Interior

Heating Central

Cooling Air Conditioning

Flooring Tile

Exterior

Parking Features Covered Parking, Driveway

Garage Spaces 20.0

Pool Community, In Ground

View Y/N Yes

View Desert, Mountains

Building

Story 2

Sewer In Connected and Paid

Level or Stories Two

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 Century 21 Affiliated Fine Homes & Estates

Nearby Locations

Chakits Krulsawat
Chakits Krulsawat

Buyer and Sales Specialist | RE. Lic# S.0168764

+1(702) 319-1092 | chakits.k@gmail.com

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69180 Victoria DR