33350 Cathedral Canyon Drive, Cathedral City, CA 92234

$2,400,000
Property Type: Residential Income Bedrooms: 20 Baths: 20 Square Footage: 16,112 Status: Active
Current Price: $2,400,000 List Date: 10/05/2026 Last Modified: 10/30/2026

Overview

Description

Opportunity awaits at Canyon View Apartments, a 10-unit multifamily property positioned in the heart of the Coachella Valley. This well-located apartment community offers investors the opportunity to acquire a 10-unit income-producing asset in a desirable Southern California market. The property provides an attractive combination of scale, location, and rental income potential, with convenient access to major employment centers, shopping, dining, entertainment, and the area's renowned resort and recreational destinations. With 10 units under one roof, Canyon View Apartments offers investors the potential for stable rental income, operational efficiencies, and long-term appreciation. The property's location on Cathedral Canyon Drive provides excellent connectivity throughout Cathedral City, Palm Springs, Rancho Mirage, and the broader Coachella Valley. A compelling multifamily opportunity for investors seeking an established 10-unit asset with potential for continued income growt ...

Listing Details MLS# 219153707

General Property Information

Total Units
10
Total Bedrooms
20
Full Baths
20
Total Baths
20
Approx SqFt
16112
SqFt Source
Assessor
Price Per Unit
260000
Fireplace
No
Building # of Stories
2
Pool
Yes
Paved
Yes
Lot Size Source
Assessor
Year Built
1989
Cross Streets
Ortega

Property Features

Tenant Pays: Cable TV; Electricity; Gas; Water Sale Type: Standard Listing Terms: Cash; Cash to New Loan Possession: Close Of Escrow View Type: Mountain(s) Property Orientation Faces: Front Door Faces West Other Equipment: Irrigation Equipment Irrigation: Sprinkler System Disclosures: None Levels: Two Entry Location: Ground Level - No Steps Appliances: Dishwasher; Disposal; Gas Range; Refrigerator Range Hood: Yes Bedroom Features: 2 Primary Bedrooms Bathroom Features: 2 Primary Baths Exterior Construction: Hard Coat Stucco Flooring: Carpet Cooling Type: Air Conditioning Pool Location: Community Pool Accessories: Safety Gate Pool Construction: In Ground Pool Description: Community Heating: Central Rooms: Dining Area; Other Interior Features: Storage Laundry: Community Security Safety: None Disability Access: Other Patio Features: Enclosed; Wood Utilities: Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected Sewer: In, Connected and Paid Water: Water District Parking: Driveway; Garage Door Opener Road Surface Type: Alley Paved; Asphalt Association Pet Rules: Submit Pets Land Lease Type: Fee Simple

Listing Location and Property Info

APN
680382062
Original List Price
2600000
Property Sub-Type
Apartment
Street #
33350
Street Name
Cathedral Canyon
Street Suffix
Drive
County
Riverside
State
CA
Zip Code
92234
Area
336 - Cathedral City South
Country
US

Listing Info

Number of Buildings
2
Water Heater
Yes
Laundry
Yes
Laundry Equipment
Own
Elevator
No
School District
Palm Springs Unified
Elementary School
Agua Caliente
Junior Middle School
Nellie N. Coffman
High School
Cathedral City
Rent Control
Yes

Tax Info

Tax Mello Roos
No

Property Info

Entry Floor Number
Yes
Additional Parcel
No
Senior Community
No
Gated Community
No
View
Yes

More Information

Status Change Info

Status Change Date
2026-10-05

Counts

# Electric Meters
11
# Gas Meter
11
# of Dishwashers
10
# of Disposals
10
# of Patios
10
# of Ranges
10
# of Refrigerators
10
# Water Meters
11

Water

Water District Name
CVWD
Water District
Yes

Parking SpacesInformation

Total Garage Spaces
10
Total Parking Spaces
20

Association Information

Mgmt Company Email
robin@jcdesertrentals.com

Unit Information

Number of Units Leased
9

Listing, Location and Property Info

Entry Date
2026-10-02
Land Type
Fee
Subdivision
Not Applicable

Income & Expenses

Actual Total Rent $
16046
Garage Income $
0
Garage Rental Rate $
0
Gross Annual Income $
206444
Laundry Income $
3000
Net Operating Income $
120610
Electricity $
3786
Expense Management $
10980
Gardener $
2850
Gas $
638
Insurance $
9000
Licenses $
550
Other Expense $
200
Pest Control $
990
Pool Expense $
5108
Professional Management $
10980
Repair/Maintenance %
12000
Trash $
7624
Water Expense $
3820
Cap Rate %
5
Vacancy Allowance % or $
5
Tax Rate %
1.25
Total Taxes $
28946

Tenant Pays

Cable TV
Yes
Electricity
Yes
Gas
Yes
Water
Yes

Utilities

Electricity Connected
Yes
Natural Gas Connected
Yes
Phone Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Sale Type

Standard
Yes

Road Surface Type

Alley Paved
Yes
Asphalt
Yes

Listing Terms

Cash
Yes
Cash to New Loan
Yes

Possession

Close Of Escrow
Yes

Parking Spaces/Information

Total Covered Spaces
0
Total Uncovered/Assigned Spaces
10

View Type

Mountain(s)
Yes

Property Orientation Faces

Front Door Faces West
Yes

Other Equipment

Irrigation Equipment
Yes

Irrigation

Sprinkler System
Yes

Disclosures

None
Yes

Levels

Two
Yes

Entry Location

Ground Level - No Steps
Yes

Appliances

Dishwasher
Yes
Disposal
Yes
Gas Range
Yes
Refrigerator
Yes

Range Hood

Yes
Yes

Bedroom Features

2 Primary Bedrooms
Yes

Bathroom Features

2 Primary Baths
Yes

Exterior Construction

Hard Coat Stucco
Yes

Flooring

Carpet
Yes

Cooling Type

Air Conditioning
Yes

Pool Location

Community
Yes

Pool Accessories

Safety Gate
Yes

Pool Construction

In Ground
Yes

Pool Description

Community
Yes

Heating

Central
Yes

Rooms

Dining Area
Yes
Other
Yes

Interior Features

Storage
Yes

Laundry

Community
Yes

Security Safety

None
Yes

Disability Access

Other
Yes

Patio Features

Enclosed
Yes
Wood
Yes

Sewer

In, Connected and Paid
Yes

Parking

Driveway
Yes
Garage Door Opener
Yes

Association Pet Rules

Submit Pets
Yes

Land Lease Type

Fee Simple
Yes

Documents

View Document OM ›
Listing Office: Meade Commercial Inc.
Listing Agent: Kate Rust
Last Updated: October - 30 - 2026
Information deemed reliable but not guaranteed.
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