68080 Risueno Road
Cathedral City, CA 92234
- – beds
- – baths
- – sqft
- 7,841 sqft lot
- 1961 build
- – on site
Introducing four turn-key, Free-standing Homes on two combined lots with Shovel-Ready RTI Plans for additional development. Currently, 2 out of the 4 units are delivered vacant, with a long rental history and low vacancy. Each turn-key property consists of 2 Bedrooms and 1 Bath, and has their own private backyard space, parking, and shares a sparkling communal pool. A true Oasis Compound. While the homes are ready to generate income NOW at close to 6% CAP, the fully entitled and approved plans allow the next owner to build an additional 2 (2 BD/1 BTH) homes/ADU's, for 6 total, creating an additional stream of income and a potential $15K in gross return at just today's market rates. This is a rare chance to create immediate cash flow with new tenants, live in one home and rent out others, and/or value-add with additional development and increased income. Get in before the $2.2B Palm Springs Airport Expansion. The ultimate canvas for Real Estate Investors in a growing region...
Last checked:
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Last updated May 1, 2025
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MLS# 25529355 —
The Building
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Year Built:1961
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New Construction:No
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Building Area Total:4900.00
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Total Number Of Units:6
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# of Buildings:6
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Stories Total:1
Interior
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Features:Ceiling Fan(s)
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Levels:One
Financial & Terms
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Disclosures:Property Report
Location
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Directions:Heading south on Landau, make a left on Tortuga, a right on La Paz. Units on the corner of Risueno and La Paz.
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Latitude:33.83254200
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Longitude:-116.47402300
The Property
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Property Type:Residential Income
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Zoning:R1
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Lot Size Area:7841.0000
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Lot Size Acres:0.1800
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Lot Size SqFt:7841.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:675253030
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
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Cooling:Central Air
Appliances
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Appliances:Dishwasher, Disposal, Refrigerator
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Included:Yes
The Community
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Subdivision:Panorama
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Subdivision:Panorama
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Garage - Two Door, Guest
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Parking Spaces:8.00
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Garage Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/23/25
Apr 23, 2025
|
Listed / Active | CRMLS_CA | $1,788,000 | 99.8% (25.8% / YR) |
|
3/5/25
Mar 5, 2025
|
Listed / Active | CRMLS_CA | ||
|
6/10/21
Jun 10, 2021
|
CRMLS_CA | $894,900 | -0.6% |
