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37250 Bankside Dr , Cathedral City, CA 92234
$1,800,000
Est. Payment: $4,000.00/mo
3 Bed
3 Bath
0 Sqft
Status: active | Days on site: 19
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Agent profile image
Chris Heller
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House Description

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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Highlights

Listed by Ryan Loria , Triqor Group , 949-756-3232. San Diego County Multiple Listing Service mls logo

Property Type

Multi-Family
Lot/Acreage
0.36

County

Riverside

Listing ID

PW26156345

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:

Exterior Features

Zoning:Public Rec
Principal Interest
$4,000
Taxes
$1,148

Home Price

$1,800,000

Loan Details

30 yrs
%

Down Payment

20%
$360,000
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:
$4,000.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,000.00 $1,147.50 $0.00 $5,147.50
Yearly $48,000.00 $13,770.00 $0.00 $61,770.00
Total $1,440,000.00 $413,100.00 $0.00 $1,853,100.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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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.

The data relating to real estate for sale on this web site comes in part from the San Diego MLS, Inc.. Real estate listings held by brokerage firms other than Heller Real Estate Group | eXp Realty of Southern California | PLACE are marked with the IDX logo. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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Data last updated: 2026-08-08T08:21:38.000Z

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