With a portal you are able to:
- Save your searches
- Get updates on listings
- Track listings
- Add notes and messages
- Personalize your dashboard
67590 Jones Road, Cathedral City, CA 92234
$3,890,000
Property Type:
Commercial Sale
Square Footage:
16,500
Status:
Active
Current Price:
$3,890,000
List Date:
3/23/2026
Last Modified:
3/23/2026
Overview
Description
...
(Read more)
it is a 10 unit x 2 bed/2 bath each hotel, previously a condominium complex , that may still be converted into a condo or a time share, as Title is still not fully converted!
Located at a perfect hide-a-way location that is away from Hwy 111 but walking distance to Target, Boomers,Trader Joe's,restaurants and service plazas, car dealerships, public transportation and one street away from Hwy 111, the main transport way of the Desert connecting all of the cities in Coachella Valley.
Property is currently operationg as a hotel and is ready to be taken to the next level and be exploited to its full capacity.
All 10 units , at 2 bed /2bath each , are fully furnished , throughout , and are similar but slightly different in terms of layout and furnishings. Look at the attached inventory list!
Some of the rooms are on the bottom and some are on the second level .
The current owner operates the property as a hotel and is a resident in the property so only 9 of the units are utilized but a buyer should be able to use all 10 units.Current operating capacity is around %30-%35 and property is only advertised on AIR B & B , with prices ranging from $300 to $900 per night depending on season and events-Coachella Valley Music festival, Stagecoach music festival , Indian Wells Tennis Tournament and many others are world-wide events and draw millions of visitors to the Desert and hotels command premium prices for those .
Proforma , attached in documents , shows an AirB& B average daily rate to be $405 -since it is a 2bed/2bath.The daily rate X %57 occupancy-which is very conservative and can easily go to %80 occupancy-which is normal for the Desert ,shows the profit for the year to be $839000 . Deducting the actual expenses , supplied by the ownership, we have net income of $559879. Deducting the actual capital improvements we have $344,879 , and then if divided by asking price the CAP rate is %7.8 .
there are 10 attached garages, with 4 additional covered parking spaces and 7 extra parking spots-6 regular-1 handi-capped.
Listing Details MLS# 219145273
General Property Information
- Approx SqFt
- 16500
- SqFt Source
- Assessor
- Lot Size Source
- Assessor
- Divisible SqFt
- 1650
- Largest Contiguous SqFt
- 1650
- Year Built
- 1989
Property Features
Business Type:
Hospitality
Sale Type:
Standard
Listing Terms:
Cash; Conventional; Owner May Carry; Other
Lot Features:
Garden; Lot 20000-39999 SqFt; Near Public Transit; Park Nearby; Secluded; Walk Street
Parking Features:
Additional Parking; Alley Access; Asphalt; Assigned; Covered; Garage; Off Site; On Site; On Street; Private; Other
Asset Class:
Hotel/Motel; Specialty
Road Surface Type:
Alley Paved; Asphalt; Paved
Road Frontage Type:
City Street
Exterior Features:
Lighting; Misting System; Other
Commercial License:
Professional
Land Use:
Mobile Home Park
Signage:
Sign Freestanding
Exterior Construction:
Combination; Frame; Plaster; Stucco
Heating:
Central; Forced Air
Laundry:
Community; Laundry Area; Own; Room
Security Safety:
Automatic Gate; Card/Code Access; Community; Exterior Security Lights; Fire Sprinklers; Gated Community; Resident Manager
Roofing:
Flat; Foam
Water:
On Site
Utilities:
220V Throughout; Electricity Available; Natural Gas Connected; Phone Connected; Sewer Available; Sewer Connected; Water Connected; Water Meter on Property; See Remarks
Electric:
Heavy
Disclosures:
City Inspection Record Search Only
Listing Location and Property Info
- APN
- 681310029
- Original List Price
- 3890000
- Property Sub-Type
- Hotel/Motel
- Street #
- 67590
- Street Name
- Jones
- Street Suffix
- Road
- County
- Riverside
- State
- CA
- Zip Code
- 92234
- Area
- 336 - Cathedral City South
- Country
- US
Listing Info
- Accounting Type
- ProForma
Status Change Info
- Status Change Date
- 2026-03-23
Parking SpacesInformation
- Total Carport Spaces
- 4
- Total Covered Spaces
- 14
- Total Uncovered/Assigned Spaces
- 7
- Total Parking Spaces
- 25
More Information
Listing, Location and Property Info
- Entry Date
- 2026-03-23
Business Type
- Hospitality
- Yes
Utilities
- 220V Throughout
- Yes
- Electricity Available
- Yes
- Natural Gas Connected
- Yes
- Phone Connected
- Yes
- Sewer Available
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
- Water Meter on Property
- Yes
- See Remarks
- Yes
Sale Type
- Standard
- Yes
Road Surface Type
- Alley Paved
- Yes
- Asphalt
- Yes
- Paved
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Owner May Carry
- Yes
- Other
- Yes
Lot Features
- Garden
- Yes
- Lot 20000-39999 SqFt
- Yes
- Near Public Transit
- Yes
- Park Nearby
- Yes
- Secluded
- Yes
- Walk Street
- Yes
Parking Features
- Additional Parking
- Yes
- Alley Access
- Yes
- Asphalt
- Yes
- Assigned
- Yes
- Covered
- Yes
- Garage
- Yes
- Off Site
- Yes
- On Site
- Yes
- On Street
- Yes
- Private
- Yes
- Other
- Yes
Asset Class
- Hotel/Motel
- Yes
- Specialty
- Yes
Parking Spaces/Information
- Parking Ratio
- 210
Road Frontage Type
- City Street
- Yes
Exterior Features
- Lighting
- Yes
- Misting System
- Yes
- Other
- Yes
Commercial License
- Professional
- Yes
Disclosures
- City Inspection Record Search Only
- Yes
Land Use
- Mobile Home Park
- Yes
Signage
- Sign Freestanding
- Yes
Exterior Construction
- Combination
- Yes
- Frame
- Yes
- Plaster
- Yes
- Stucco
- Yes
Heating
- Central
- Yes
- Forced Air
- Yes
Laundry
- Community
- Yes
- Laundry Area
- Yes
- Own
- Yes
- Room
- Yes
Security Safety
- Automatic Gate
- Yes
- Card/Code Access
- Yes
- Community
- Yes
- Exterior Security Lights
- Yes
- Fire Sprinklers
- Yes
- Gated Community
- Yes
- Resident Manager
- Yes
Roofing
- Flat
- Yes
- Foam
- Yes
Water
- On Site
- Yes
Electric
- Heavy
- Yes
Listing Office:
Windermere Real Estate
Listing Agent:
Slavyan S Panayotov
Last Updated: March - 23 - 2026
Information deemed reliable but not guaranteed.
