69180 Victoria Drive, Cathedral City, CA 92234 (MLS# 219141857)

69180 Victoria Drive, Cathedral City, CA 92234

$2,949,000
Property Type: Commercial Sale Square Footage: 12,300 Lot Size (sq. ft.): 34,848 Status: Active
Current Price: $2,949,000 List Date: 1/22/2026 Last Modified: 3/18/2026

Overview

Description

This fully leased, ten-unit property features spacious three-bedroom, two-bath residences averaging approximately 1,230 square feet--each equipped with in-unit laundry, private patios, and covered carport parking. Residents enjoy a premier amenity package, including a resort-style pool and tennis court, all on a well-maintained 0.8-acre site. Strategically located just off the Rancho Mirage border, the property delivers central access to Palm Springs and Palm Desert, in a submarket characterized by increasing rents and enduring demand. Operations are optimized through separately metered utilities, tenant-paid water and trash, and solar-paned common areas, resulting in stable net operating income and low management intensity. Current collections reach an annualized $250,512 in rent and $254,512 effective gross income, supporting a strong in-place cap rate of 6% at the offering price of $2,949,000. Further value lies in the potential conversion of the existing rear ADU into an inco ...

Listing Details MLS# 219141857

General Property Information

Approx SqFt
12300
SqFt Source
Assessor
Lot Acres
0.8
Residential SqFt
12300
Year Built
1982

Property Features

Business Type: Residential Sale Type: Standard Disclosures: Property As Is

Listing Location and Property Info

APN
673141001
Original List Price
3295000
Property Sub-Type
Multi Family
Street #
69180
Street Name
Victoria
Street Suffix
Drive
County
Riverside
State
CA
Zip Code
92234
Area
336 - Cathedral City South
Country
US

Tax Info

Parcel Master
673141001

Property Info

Building # of Stories
2
# Units
10
# Buildings
Yes

Status Change Info

Status Change Date
2026-01-21

More Information

Expenses

Total Expenses
77678

Income

Gross Monthly
254512
Net Operating
176834

Business Info

Cap Rate
6

Parking SpacesInformation

Total Carport Spaces
10
Total Parking Spaces
10

Listing, Location and Property Info

Entry Date
2026-01-21

Business Type

Residential
Yes

Sale Type

Standard
Yes

Disclosures

Property As Is
Yes
Listing Office: Century 21 Affiliated Fine Homes & Estates
Listing Agent: Albert E Catalano
Last Updated: March - 18 - 2026
Information deemed reliable but not guaranteed.
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