$1,800,000
About this home
We are pleased to present Bankside Apartments, well-maintained and upgraded 12-unit apartment community located in Cathedral City, CA. The property offers an attractive unit mix consisting of spacious, single-story Studio, 1-bedroom, and 2-bedroom units. Eleven of the twelve units have been thoughtfully renovated with wood-look porcelain tile flooring, upgraded kitchens and bathrooms, stainless sinks, and dual-pane windows. The community features a sparkling swimming pool within a gated courtyard, central heating and air conditioning, an on-site laundry facility, open parking, and all-new electrical panels. Bankside Apartments presents a compelling value-add opportunity with approximately 45% upside in rental income. Through the continued implementation of market rents, a new owner has the potential to significantly increase cash flow and achieve an estimated 8.2% capitalization rate, making this an attractive investment in one of the Coachella Valley’s strongest rental markets.
Facts & features
- Laundry
- Common Area
- Lot size
- 0.36 acres (15,682 sq ft)
- Pool
- Private
- Year built
- 1963
- Parking spaces
- 12
- Area
- 335 - Cathedral City North
- County
- Riverside
- Community features
- Sidewalks
- Status
- Active
- Property type
- Apartment
- Days on market
- 0
- Listed
- 2026-07-17
- Terms
- Conventional
- Parcel #
- 687101002
- MLS #
- PW26156345
