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27700 Avenida Terrazo

Cathedral City, CA 92234

– beds
– baths
– sqft
~1/2 acre lot
1983 build
– on site

Rare opportunity to acquire 7 single-story units on a quiet street in an up-and-coming residential neighborhood featuring newly remodeled larger, modern homes. The building has great curb appeal on a large lot that could potentially be further developed. There are 6, 1-bed 1-bath units and 1, 2-bed 2-bath unit. Each unit has a small enclosed front patio, adding to the desirability. Most units have thoroughly updated kitchens, flooring, air conditioning, and window treatments, and are contemporary, not dated. Bathrooms are modern, and each unit is kept painted. All 7 units have separate gas and electric meters. An on-site laundry provides additional income and attracts tenants. There are multiple long-term tenants. Proforma Rent 109,920 + Laundry 797.95 = 110717.95 Gross RevenueExpenses: Taxes - 22,086.16; Insurance 4,864.50; Electric 1,025.08; Gas - 1,254.01; Water - 886.27; Landscaping - 2,400 = 29,350.66 Total Expenses Net Income : 81,367.29

Listed By CRMLS_CA / Marc Grossman / Grossman Real Estate

Last checked: Checking… • Last updated Jul 11, 2025 •

MLS# 219132613DA —

This property is listed in more than one place. See it here.

The Building

Year Built:

1983
Year Built Source:

Assessor
New Construction:

No
Total Number Of Units:

7
# of Buildings:

1
Stories Total:

1
# of Separate Gas Meters:

8
# of Separate Water Meters:

1
# of Separate Electric Meters:

8

Interior

Flooring:

Tile
Room Type:

Living Room
Fireplace:

No
Laundry:

1

Financial & Terms

Disclosures:

Principal Is RE Licensed

Location

Directions:

Vista China and Landau Road are cross-streets
Latitude:

33.84660300
Longitude:

-116.47851600

The Property

Property Type:

Residential Income
Lot Size Area:

18731.0000
Lot Size Acres:

0.4300
Lot Size SqFt:

18731.00
Lot Size Source:

Assessor
Property Attached:

1
Land Lease:

No

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

677173055
Showings Begin:

2025-07-11

Heating & Cooling

Heating:

1
Heating:

Central, Heat Pump
Cooling:

Yes
Cooling:

Heat Pump, Gas, Electric, Central Air

Utilities

Sewer:

Unknown

Appliances

Appliances:

Water Heater
Included:

Yes

The Community

Senior Community:

No
Private Pool:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Guest, Unassigned

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
7/11/25 Jul 11, 2025	Listed / Active	CRMLS_CA	$1,680,000
6/19/24 Jun 19, 2024	Listed / Active	CRMLS_CA

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This multifamily located in Cathedral City, CA 92234 is currently for sale for $1,680,000. 27700 Avenida Terrazo is a – square foot multifamily with – beds and – baths that has been on Estately for 2 days.

Listing Courtesy of: CRMLS_CA and Grossman Real Estate. Based on information from California Regional Multiple Listing Service, Inc. as of 00:02 on Jul 13.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.