CA > Cathedral City > Rio Vista
Cathedral City, CA 92234,27700 Avenida Terrazo
Cathedral City, CA 92234,27700 Avenida Terrazo
Cathedral City, CA 92234,27700 Avenida Terrazo
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$1,680,000
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8 Beds
7 Baths
4,850 SqFt
New

27700 Avenida Terrazo Cathedral City, CA 92234

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Jennifer D. Holmes

Jennifer D. Holmes

+1(214) 600-2972

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,850 sqft

Price per Sqft $346

Subdivision Rio Vista

MLS Listing ID 219132613DA

Bedrooms 8

Full Baths 7

Year Built 1983

Annual Tax Amount $22,086

Lot Size 0.430 Acres

Property Sub-Type Multi-Family

Property Description

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

Location

State CA

County Riverside

Area Cathedral City North

Interior

Heating Central, Heat Pump

Cooling Air Conditioning, Central, Electric, Gas, Heat Pump(s)

Flooring Tile

Exterior

Parking Features Parking for Guests, Unassigned

View Y/N No

Building

Story 1

Sewer Unknown

Level or Stories Ground Level

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 ©2025 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 Grossman Real Estate

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agent

Jennifer D. Holmes

Global Real Estate Advisor

+1(214) 600-2972

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27700 Avenida Terrazo

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