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29395 Avenida La Paz , Cathedral City, CA 92234
$850,000
Est. Payment: $4,502.16/mo
7 Bed
5 Bath
4442 Sqft
Status: Pending | Days on site: 232
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CLW-4103 - CLW-50181,CDAR-02180608
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Chris Heller
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House Description

Rare opportunity to own a vacant triplex at 29395 Avenida La Paz in Cathedral City delivered vacant and ready to rent at current market rates from day one! Unit mix includes two 3BD/2BA units and one 2BD/1BA unit with a bonus room, plus two separate 2-car garages adding tremendous tenant appeal. With strong rental demand across the Coachella Valley, the 3BD/2BA units have a rental potential of $2,500$3,500/month each and the 2BD/1BA with bonus room commanding $1,500$2,300/month this property has a potential gross monthly income of $6,500$10,300/month. Perfect for the seasoned investor looking to add a cash flowing asset to their portfolio, a first time investor ready to get into the market, or an owner-occupant looking to live in one unit while the other two units pay the mortgage. No inherited leases, no tenant transitions just close and start generating income immediately. Strong rental demand, rising rents, and a centrally located Coachella Valley address make this a compelling opportunity that will not last long.
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Highlights

Listed by Miguel Briones , 760-844-7500 and Issac Briones , (760) 239-8486 HomeSmart , 760-844-7500. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family
Lot/Acreage
0.19

Year Built

1990

County

Riverside

Area

335 - Cathedral City North

Listing ID

26636901PS

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:7
  • ▪ Bathrooms:5
  • ▪ Full Bathrooms:0
Air Cond:Central Air
Fireplaces:

Exterior Features

Lot:No Land Lease
Garage Capacity:6
Others:
  • ▪ Additional:2+ Total Units
Parking Features:Door-Multi,Driveway,Garage
Principal Interest
$4,502
Taxes
$542

Home Price

$850,000

Loan Details

30 yrs
6.952%

Down Payment

20%
$170,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,502.16

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,502.16 $541.88 $0.00 $5,044.03
Yearly $54,025.89 $6,502.50 $0.00 $60,528.39
Total $1,620,776.64 $195,075.00 $0.00 $1,815,851.64

Today's Rates

30 Year

6.95%

20 Year

6.73%

15 Year

6.35%

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Market insight data is pulled from the same city as the listing being viewed (Cathedral City, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T10:55:49.000Z

© 2026 CRMLS/Multi-Regional MLS

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