$375,000
$375,000
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68795 Cedar RD Cathedral City, CA 92234
1,356 SqFt
Key Details
Sold Price $375,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,356 sqft
Price per Sqft $276
Subdivision Other (Othr)
MLS Listing ID IV21117611
Sold Date 02/25/22
HOA Y/N No
Year Built 1956
Lot Size 9,147 Sqft
Acres 0.21
Property Description
Income-producing duplex with long term tenants located within an Opportunity Zone. Rents are well below market with upside potential. Both units are 2 bedrooms and 1 bath each, totaling 1,359 sqft of living space which sits on a large 9,000+ corner lot. This duplex is to be sold with the adjacent lot at 33215 Via de Anza, Cathedral City, CA. The lot will be sold with city approved plans to build out a new duplex. The front home will consist of approx. 1,440 sqft of Living area Plus a 2 - Car Garage Area approx. 486 sqft. The 2nd dwelling/home in the rear with approx. 674 sqft. of Living area Plus a 1 - Car Garage with approx. 238 sqft.. Please refer to MLS #IV21118007 for additional details. Sellers are asking $625,000 for both properties. Don't miss out on this great opportunity to own an income producing duplex and to build your own duplex/investment.
Location
State CA
County Riverside
Area 335 - Cathedral City North
Zoning R204M
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating None
Flooring Tile
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Gravel, Unpaved
Pool None
Community Features Street Lights
Utilities Available Natural Gas Connected, Sewer Available, Water Connected
View Y/N No
View None
Parking Type Gravel, Unpaved
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Septic Type Unknown
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 680403004
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Tony Psarras • Silver Sands Realty
The Wilkas Group - Lenore & Alexander Wilkas
Real Estate Advisors | License ID: 01343201 & 01355442