CA > Cathedral City > Panorama
Cathedral City, CA 92234,68080 Risueno RD
Cathedral City, CA 92234,68080 Risueno RD
Cathedral City, CA 92234,68080 Risueno RD
Cathedral City, CA 92234,68080 Risueno RD
Cathedral City, CA 92234,68080 Risueno RD
Cathedral City, CA 92234,68080 Risueno RD
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Ruby Raymond

Ruby Raymond

+1(805) 201-6341
$ 1,595,000
Est. payment | /mo

12 Beds

6 Baths

4,900 SqFt

Save
$ 1,595,000
Est. payment | /mo
Save

12 Beds

6 Baths

4,900 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,900 sqft

Price per Sqft $325

Subdivision Panorama

MLS Listing ID 25602401

Bedrooms 12

HOA Y/N No

Year Built 1962

Property Description

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...

Location

State CA

County Riverside

Area 335 - Cathedral City North

Zoning R1

Interior

Interior Features Ceiling Fan(s)

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Disposal, Refrigerator

Exterior

Parking Features Door-Multi, Garage, Guest

Garage Spaces 4.0

Garage Description 4.0

Pool Fenced, In Ground, Private

Total Parking Spaces 8

Private Pool Yes

Building

Story 1

Entry Level One

Architectural Style Mid-Century Modern

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 675253030

Special Listing Condition Standard

CRMLS – RECore
Listed by Spencer Daley Sotheby's International Realty

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

Jeff M

Purchase

Ruby and the Raymond Team were great. We're in our new home right now writing this. Ruby helped make this happen and if you are looking for a home in the 5 Cities area I suggest you give Ruby a call. Thanks Ruby, SM

RonSteinback

The broker that everyone hopes to hire!

Patrick listed and sold two properties for me this year, and I intend to use him on a third transaction. Patrick is responsive and knows the local area. I am a broker myself, but located in southern California. Patrick is the broker that everyone hopes to hire!

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How Does The Raymond Team Deliver Exceptional Real Estate Service?

Expert Guidance

We educate you on the market and guide you to the best best decision about your move.

Proven Systems

Over 23 years of real estate experience  has helped us perfect our results-driven buying and selling systems.

Results Driven

We listen, we communicate, and we track every step of the process to ensure a seamleass transaction.

Ruby Raymond
Ruby Raymond

Owner | License ID: 01342959

+1(805) 201-6341 | homes@raymondteamre.com

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Ruby Raymond, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.