27700 Avenida Terrazo - Apartments FOR SALE


Cathedral City, CA 92234
$1,300,000 USD
909-418-2071
27700 Avenida Terrazo, Cathedral City, CA for Sale
$1,300,000 USD
Apartments - FOR SALE
1/28
null | 4.63% Cap Rate

27700 Avenida Terrazo
Cathedral City, CA 92234


HIGHLIGHTS

  • Rare 7-Unit Multifamily Opportunity in a Prime Coachella Valley Location
  • Stable Unit Mix for Broad Tenant Appeal
  • Modern Upgrades and High-Demand Amenities
  • Exceptional Walkable Location to Essential Retail, Luxury Golf & Employers
  • Strong Growth Potential in a Low-Maintenance Asset
  • Minutes from Major Regional Economic and Lifestyle Hubs

OVERVIEW

CBRE, as the exclusive advisor, is proud to present 27700 Avenida Terrazo, a compelling 7-unit multifamily investment opportunity in the highly desirable Coachella Valley market and the thriving city of Cathedral City. This well-located asset sits directly across from the DoubleTree by Hilton Hotel Golf Resort Palm Springs, providing tenants with a premium location and unparalleled convenience to essential retail and lifestyle amenities. Its prime positioning offers quick access to destinations like Starbucks, Stater Bros. Market, Denny’s, CVS, and Jack in the Box, all within walking distance. For regional access, tenants enjoy minutes-long commutes to the Palm Springs Airport, Panorama Park, Costco Wholesale, Downtown Palm Springs, the I-10 Freeway, and Highway 111, connecting directly to other major cities within the Coachella Valley. The area also benefits from proximity to acclaimed leisure spots, including Escena Golf Club and Cimarron Golf Resort, and is within a short driving distance of the world-class shopping and luxury retail of the Palm Springs desert,including the famed El Paseo Shopping District (The Rodeo Drive of the Desert) in Palm Desert. Property Highlights & Unit Details 27700 Avenida Terrazo is a one-story, 7-unit multifamily property spanning a generous ±19,731 SF lot size with a ±4,200 SF building size. It features an excellent unit mix designed for broad appeal: six 1-bedroom/1-bathroom units and one 2-bedroom/2-bathroom unit, averaging a comfortable size of 600 SF each. Built in 1983, the construction is low-maintenance, featuring a Spanish tile roof and low-water-use desert landscaping with decorative rock features and mature palm trees. Further enhancing the investment profile, the property offers a highly desirable amenity set including fully equipped kitchens with Stainless Steel appliances and modern backsplashes, alongside upgraded bathrooms and kitchens (in select units). Residential comfort is provided through tile flooring for easy maintenance, in-unit features such as ceiling fans and vertical blinds, and wall air and heating. Each unit benefits from an individual private porch, and the property provides tenants with a convenience package featuring an on-site laundry facility, decorative security screen doors, and a plethora of on-site surface parking. Investment Stability & Buyer Profile This stable, well-maintained unit base provides immediate income stability and is an attractive offering for residents seeking quality housing in a convenient, well established location. The property offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange buyer.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$310 USD /SF

# OF UNITS

7

PRICE/UNIT

$185,714

CAP RATE

4.63%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

R1, Cathedral City

APN/PARCEL ID

677-173-055

ASK ABOUT THIS PROPERTY

Eric ChenCBRE, Inc.More Info
909-418-2071

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Eric ChenCBRE, Inc.More Info
909-418-2071

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.