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

Bedrooms12 Baths1.0 Sq 4,900

Monthly Estimate*

^$ 9,951

Listed by Sotheby's International Realty

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

68080 Risueno Road, Cathedral City, CA 92234 - Image 4

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

68080 Risueno Road, Cathedral City, CA 92234 - Image 11

68080 Risueno Road, Cathedral City, CA 92234 - Image 12

68080 Risueno Road, Cathedral City, CA 92234 - Image 13

68080 Risueno Road, Cathedral City, CA 92234 - Image 14

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Multi-Family Home for sale in Cathedral City, CA

for $1,595,000 with 12 bedrooms and 1 full bath. 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

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.39

Year Built

1962

Town/City

Cathedral City

County/Region

Riverside

MLS | Web ID

25602401

Days on Market

Features

General

Living Area 4900

Heating Central

Cooling Central Air

Appliances Dishwasher Disposal Refrigerator

Zoning R1

Garage Spaces 4

Architectural Style Mid-Century Modern

Pool Features Fenced In Ground Private

Year Built 1962

Stories Count 1

Levels One

Gross Income 120000

County Riverside

Net Operating Income 105000

New Construction false

Property Type Residential Income

HOA false

Subdivision Name Panorama

Garage Y/N true

Full Baths 0

Special Listing Conditions Standard

Status Active

Directions Heading south on Landau make a left on Tortuga a right on La Paz. Units on the corner of Risueno and La Paz.

City Cathedral City

Disclosures Seller Disclosure

Senior Community Y/N false

Number Of Units Total 6

MLS Area 335 - Cathedral City North

Lot Size Units Square Feet

Lot Size Square Feet 16988

Property Attached Y/N false

Standard Status Active

Cap Rate 6

Interior

Interior Amenities Ceiling Fan(s)

Total Stories 1

Common Walls No Common Walls

Air Conditioning Y/N true

Heating Y/N true

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Total Bedrooms 12

Total Baths 6

Exterior

Parking Features Door-Multi Garage Guest

Total Parking 8

Lot Size Area 16988

Number of Buildings 6

Building Area Total 4900

Lot Size Acres 0.39

Private Pool true

Lot Size Source Assessor

* Excluded Features

List By

Sotheby's International Realty

Broker

spencer@carswellandassociates.com

Affordability Calculator

$9,951

Per Month

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

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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.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$1,595,000		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 has 12 bedrooms, 1.0 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 Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/11/2025. 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.

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68080 Risueno Road

Multi-Family Home for sale in Cathedral City, CA

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