28875 Avenida La Paz, Cathedral City, CA 92234

• Listed Price : $655,000
• Beds : N/A
  
• Baths : N/A
  
• Property Size : N/A sqft
  
• Year Built : 2002
  

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Property Description

**Best Deal in the Coachella Valley! 6 Bedrooms, 4 Bathrooms – Duplex Investment with Huge Upside Potential** This is a **rare opportunity** to own a well-maintained duplex in **Cathedral City**, just minutes from Palm Springs, at an unbeatable price. Featuring **6 bedrooms** and **4 bathrooms** across two spacious 3-bedroom, 2-bathroom units, this property offers **under-market rents** and incredible income potential. The current rents of **$1,500 per unit** are far below what similar units in the area are commanding—**pro forma rent is $2,700 per unit**, making this a high-return opportunity! Comparable properties in the area have recently sold for **$835,000** and **$765,000**, but you can secure this **exceptional investment for just $655,000**—the **best deal in the Coachella Valley**! Located in the heart of one of Southern California’s most sought-after regions, this duplex is a perfect blend of **affordable living** and **prime investment value**. The Coachella Valley is famous for its **year-round sunshine**, stunning mountain views, and proximity to top attractions like **Joshua Tree National Park**, **the Coachella Music Festival**, and the **Living Desert Zoo**. With strong demand for rental properties in this booming area, the potential for future appreciation is substantial. Each unit is designed for maximum comfort and functionality, with **open floor plans**, **spacious kitchens**, and **private patios** that enhance the indoor-outdoor living experience. The property also includes **2-car attached garages** for each unit, **private laundry rooms**, and **separate utilities**, making it **low-maintenance** for both owners and tenants. With **4 additional parking spaces**. The property is currently **tenant-occupied**, providing immediate rental income, and represents a **stable, low-expense investment**. **Annual gross income** is approximately **$64,800**, with only **$3,985 in operating expenses**, making it a highly profitable asset. The current tenants have leases through **July 2025**, offering a secure, hands-off investment with reliable cash flow. Whether you’re a savvy investor looking to add to your portfolio or an owner-occupant seeking a property with income potential, this duplex offers **unmatched value**, **flexibility**, and **location**. Don’t let this opportunity slip by—properties like this don’t last long in the Coachella Valley!

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Interior Features

Listing Information

Listing information courtesy of: Maria Xanthakis, Sandra Tanner, Seven Gables Real Estate. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 23rd, 2025 at 3:01 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.