$1,800,000
 $9,663 est/mo Sourced by Back At You

37250 Bankside Drive,Cathedral City, CA 92234

Cathedral City, CA 92234

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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 Valley’s strongest rental markets.

Details

MLS #PW26156345
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1963
Days On Site42
Listing Provided ByTriqor Group | Ryan Loria

Features

SQ Feet6,680
PoolYes
Story(s)1
Units12
Building(s)1
Acreage0.36

Exterior

Lot FeaturesIrregular Lot

Parking

Garage Yes / NoNo

Utilities

SewerPublic Sewer

Location

Community FeaturesSidewalks

Area Information

StateCA
CountyRiverside
CityCathedral City
Zip Code92234
Area335 Cathedral City North
Community Name.
Listing VS Median (in .)
Price:
$1,800,000
low | high
Med:
$0
On site:
42
low | high
Med:
Sourced by Back At You

Market Activity 92234

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Contact

Learn More About This Property

David Hong

David Hong

Coldwell Banker Commercial

02207128 (760) 617-8885david.hong@cbcinland.com
StateCA
CountyRiverside
CityCathedral City
Zip Code92234
Area335 Cathedral City North
Community Name.
Listing VS Median (in .)
Price:
$1,800,000
low | high
Med:
$0
On site:
42
low | high
Med:
Sourced by Back At You
Listing Updated: August 21, 2026 at 9:33:29 PM PDT