37250 Bankside Drive, Cathedral City, CA 92234

Cathedral City
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
37250 Bankside Drive,Cathedral City, CA 92234
$1,800,000
  • 3 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: ryan loria
Office: triqor group
MLS#:PW26156345
Source:San Diego MLS via CRMLS

Price summary

  • Price:$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 Valleys strongest rental markets.

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Home facts

  • Listing ID #:PW26156345
  • Added:8 day(s) ago
  • Updated:July 26, 2026 at 02:29 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:3

Finances and disclosures

  • Price:$1,800,000

Features and amenities

  • Pool features:Private
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