68980 Via Eytel Rd - Apartments FOR SALE


Cathedral City, CA 92234
$2,850,000 USD
310-497-6075
68980 Via Eytel Rd, Cathedral City, CA for Sale
$2,850,000 USD
Apartments - FOR SALE
1/32
null | 3.15% Cap Rate

68980 Via Eytel Rd
Cathedral City, CA 92234


HIGHLIGHTS

  • Five detached two-story residential homes built in 2022 provide a newer-construction multifamily investment opportunity.
  • Located near Date Palm Drive with convenient access to shopping, dining, banking, and entertainment destinations.

OVERVIEW

Five Modern 4 Years New Detached Single Family Homes in Cathedral City - Exceptional Opportunity Zone Investment Rare opportunity to own five detached two-story homes, all built just four years ago, in one of Cathedral City's most desirable residential communities. Located within a Qualified Opportunity Zone, this property may offer significant federal tax advantages, including the potential to eliminate federal capital gains tax on appreciation if ownership and all IRS Qualified Opportunity Zone requirements are satisfied. (Buyers should consult their tax advisor regarding eligibility and tax benefits.) Designed with true pride of ownership, this modern multifamily development offers an exceptional resort-style living experience. Residents enjoy a sparkling community swimming pool, while each home features its own attached two-car garage, front yard, and fenced backyard, all situated along a private cul-de-sac drive for added privacy and appeal. Ideally located just off Date Palm Drive, the property is within walking distance of shopping, restaurants, banking, entertainment and the nearby Agua Caliente casino. Residents also enjoy everything that makes Cathedral City living so desirable, including year-round sunshine, beautiful mountain views, convenient access to Palm Springs and the entire Coachella Valley, championship golf, hiking, festivals, and an outstanding desert lifestyle. This is a rare opportunity to acquire a newer, low-maintenance investment property that combines strong rental appeal, modern construction, and a prime Cathedral City location with potential long-term tax benefits.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$357 USD /SF

# OF UNITS

5

PRICE/UNIT

$570,000

CAP RATE

3.15%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Single Family Homes & Pool on 1/2 Acre

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2022

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

Multi Family

APN/PARCEL ID

680-411-032

ASK ABOUT THIS PROPERTY

Paul SimonettiREMAX NEXUSMore Info
310-497-6075

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Paul SimonettiREMAX NEXUSMore Info
310-497-6075

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