68080 Risueno Road Cathedral City, CA ^$ 1,595,000

68080 Risueno Road

^$ 1,595,000

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68080 Risueno Road

Cathedral City, CA, 92234

^$ 1,595,000

Studio Baths0.0 Sq 4,900

Monthly Estimate*

^$ 9,951

68080 Risueno Road, Cathedral City, CA 92234 - Image 1

68080 Risueno Road, Cathedral City, CA 92234 - Image 2

68080 Risueno Road, Cathedral City, CA 92234 - Image 3

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68080 Risueno Road, Cathedral City, CA 92234 - Image 5

68080 Risueno Road, Cathedral City, CA 92234 - Image 6

68080 Risueno Road, Cathedral City, CA 92234 - Image 7

68080 Risueno Road, Cathedral City, CA 92234 - Image 8

68080 Risueno Road, Cathedral City, CA 92234 - Image 9

68080 Risueno Road, Cathedral City, CA 92234 - Image 10

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Studio

Multi-Family Home for sale in Cathedral City, CA

for $1,595,000. This 4,900 square foot home was built in 1962 on a lot size of 0.39.

RARE INVESTOR OPPORTUNITY- Introducing four turn-key, Free-standing Homes on two combined lots with RTI Plans for additional development. One home is currently Vacant and ready for market-rents. Long rental history and low vacancies. Each turn-key home consists of 2 BD, 1 BTH and its own private backyard space, parking, and shares a communal pool: A true Oasis Compound. While the homes are ready to generate income NOW at a 6.5% CAP, the fully entitled and approved plans allow the next owner to build an additional 2 homes, for 6 total, creating an additional stream of income and a potential $14-$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 massive Palm Springs Airport Expansion. The ultimate canvas for Real Estate Investors in a growing region...

Multi-Family Active

Price

^$ 1,595,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Mid Century Modern

Lot Size

0.39

Year Built

1962

Town/City

Cathedral City

County/Region

Riverside

MLS | Web ID

0025602401

Features

General

Living Area 4900.0

Heating Central

Cooling Central Air

Zoning R1

Architectural Style Mid Century Modern

Year Built 1962

Levels One

County Riverside

Net Operating Income 105000.0

New Construction No

Property Type C

HOA No

Subdivision Name Panorama

Status Active

City Cathedral City

Senior Community Y/N No

MLS Area 335 - Cathedral City North

Lot Size Units Square Feet

Lot Size Square Feet 16988.0

Spa Features In Ground

Property Attached Y/N No

Standard Status Active

Interior

Interior Amenities Ceiling Fan(s)

Kitchen Appliances Disposal Dishwasher Refrigerator

Total Stories 1

Common Walls No Common Walls

Air Conditioning Y/N Yes

Heating Y/N Yes

Total Baths 0

Exterior

Parking Features Garage - Three Door Guest

Lot Features Fenced

Lot Size Area 16988.0

Pool Y/N? Yes

Building Area Total 4900.0

Lot Size Acres 0.39

Land Lease Type Fee

* Excluded Features

List By

Spencer Daley

Listing Agent

Sotheby's International Realty

Broker

Affordability Calculator

$9,951

Per Month

Monthly Principal & Interest: $9,951
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Cathedral City, CA

Average List Price ^$2,478,357

Percent of Sale Price 55%

About Cathedral City, CA

53,440 Population

25% Since 2002

^$42,908 Median Income

38.24 Median Age

31% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/24/2025	$1,595,000	-7.54%	Price Down
10/7/2025	$1,725,000		Listed Price

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68080 Risueno Road, Cathedral City, CA, 92234 is a Multi-Family Home for sale at $1,595,000 with 4,900 sqft and a lot size of 0.39. 68080 Risueno Road is a studio with 0.0 baths and was built in 1962. The property's zip code is 92234 which is in Cathedral City, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 11/24/2025. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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68080 Risueno Road

Multi-Family Home for sale in Cathedral City, CA

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