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Listing Details

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MLS #
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School Ratings & Info

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T13:32:05.073. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
www.sellinglasouthbay.com/homes/117884467
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68795 Cedar Road Cathedral City, CA 92234

  • Price: $375,000
  • Status: Active
  • Updated: 12 min ago
  • ID#: IV21117611
0
Beds
0
Baths
0
½ Baths
0.21
Acres
1956
Built
Neighborhood:
Other (Othr)
County:
Riverside
Area:
335 - Cathedral City North
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.
Exterior Features

Carport Spaces 0 Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 0 Parking Features GravelUnpaved Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No View None View YN No

Interior Features

Common Walls 1 Common Wall Fireplace Features None Fireplace YN No Flooring Tile Heating None Heating YN No

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Street Lights Contingency Sale is Contingent Upon Seller's Closing Concurrently With A Replacement (1031) Property. Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 21600 Gross Scheduled Income 21600 Insurance Expense 1000 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 Exchange Net Operating Income 16190 New Construction YN No New Taxes Expense 4688 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Number Of Units Leased 2 Operating Expense 5410 Possession Close Of Escrow Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Septic Type Unknown Special Listing Conditions Standard Total Actual Rent 21600 Trash Expense 0 Utilities Natural Gas ConnectedSewer AvailableWater Connected Water Sewer Expense 780 Water Source Public Zoning R204m

Listing provided courtesy of David Camarena of Trifecta Real Estate Group


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T13:32:05.073. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
 
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Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay
23670 Hawthorne Blvd. #100
Torrance CA, 90505