27700 Avenida Terrazo, Cathedral City, CA 92234
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
27700 Avenida Terrazo,Cathedral City, CA 92234
$1,300,000
- - Beds
- - Baths
- 4,200 sq. ft.
- Multi-family
- Active
Listed by: eric chen
Office: cb richard ellis
MLS#:CV25268195
Source:CRMLS
Price summary
- Price:$1,300,000
- Price per sq. ft.:$309.52
About this home
We are proud to present 27700 Avenida Terrazo, a compelling 7-unit multifamily investment opportunity in the highly desirable Coachella Valley market and the thriving city of Cathedral City. This well-located asset sits directly across from the DoubleTree by Hilton Hotel Golf Resort Palm Springs, providing tenants with a premium location and unparalleled convenience to essential retail and lifestyle amenities. Its prime positioning offers quick access to destinations like Starbucks, Stater Bros. Market, Denny’s, CVS, and Jack in the Box, all within walking distance. The area also benefits from proximity to acclaimed leisure spots, including Escena Golf Club and Cimarron Golf Resort, and is within a short driving distance of the world-class shopping and luxury retail of the Palm Springs desert, including the famed El Paseo Shopping District (The Rodeo Drive of the Desert) in Palm Desert.
27700 Avenida Terrazo is a one-story, 7-unit multifamily property spanning a generous ±19,731 SF lot size with a ±4,200 SF building size. It features an excellent unit mix designed for broad appeal: six 1-bedroom/1-bathroom units and one 2-bedroom/2-bathroom unit, averaging a comfortable size of 600 SF each. Built in 1983, the construction is low-maintenance, featuring a Spanish tile roof and low-water-use desert landscaping with decorative rock features and mature palm trees. Further enhancing the investment profile, the property offers a highly desirable amenity set including fully equipped kitchens with Stainless Steel appliances and modern backsplashes, alongside upgraded bathrooms and kitchens (in select units). Residential comfort is provided through tile flooring for easy maintenance, in-unit features such as ceiling fans and vertical blinds, and wall air and heating. Each unit benefits from an individual private porch, and the property provides tenants with a convenience package featuring an on-site laundry facility, decorative security screen doors, and a plethora of on-site surface parking.
This stable, well-maintained unit base provides immediate income stability and is an attractive offering for residents seeking quality housing in a convenient, well-established location. The property offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange buyer.
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Home facts
- Year built:1983
- Listing ID #:CV25268195
- Added:52 day(s) ago
- Updated:January 23, 2026 at 11:38 AM
Rooms and interior
- Living area:4,200 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnance
Structure and exterior
- Year built:1983
- Building area:4,200 sq. ft.
- Lot area:0.43 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,300,000
- Price per sq. ft.:$309.52
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