Under Contract

27700 Avenida Terrazo

Cathedral City, CA 92234
Mark as Favorite
Bed 0

Bed

Bath 0

Bath

SqFt4,200

Sqft

SqFt18,731

Sqft(Lot)

We are proud to present 27700 Avenida Terrazo, a compelling 7-unit multifamily investment opportunity in the highly desirable Coachella Valley market and the thriving city of Cathedral City. This well-located asset sits directly across from the DoubleTree by Hilton Hotel Golf Resort Palm Springs, providing tenants with a premium location and unparalleled convenience to essential retail and lifestyle amenities. Its prime positioning offers quick access to destinations like Starbucks, Stater Bros. Market, Denny’s, CVS, and Jack in the Box, all within walking distance. The area also benefits from proximity to acclaimed leisure spots, including Escena Golf Club and Cimarron Golf Resort, and is within a short driving distance of the world-class shopping and luxury retail of the Palm Springs des ert, including the famed El Paseo Shopping District (The Rodeo Drive of the Desert) in Palm Desert. 27700 Avenida Terrazo is a one-story, 7-unit multifamily property spanning a generous ±19,731 SF lot size with a ±4,200 SF building size. It features an excellent unit mix designed for broad appeal: six 1-bedroom/1-bathroom units and one 2-bedroom/2-bathroom unit, averaging a comfortable size of 600 SF each. Built in 1983, the construction is low-maintenance, featuring a Spanish tile roof and low-water-use desert landscaping with decorative rock features and mature palm trees. Further enhancing the investment profile, the property offers a highly desirable amenity set including fully equipped kitchens with Stainless Steel appliances and modern backsplashes, alongside upgraded bathrooms and kitchens (in select units). Residential comfort is provided through tile flooring for easy maintenance, in-unit features such as ceiling fans and vertical blinds, and wall air and heating. Each unit benefits from an individual private porch, and the property provides tenants with a convenience package featuring an on-site laundry facility, decorative security screen doors, and a plethora of on-site surface parking. This stable, well-maintained unit base provides immediate income stability and is an attractive offering for residents seeking quality housing in a convenient, well-established location. The property offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange buyer.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,200,000

AD Id : 69971474

MLS Id : CV25268195

Lot Size : 18,731 Sqft

Living Area Size : 4,200

Year Built : 1983

County : Riverside

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Cooling Features

    Wall/Window Unit(s) Air Conditioning

    Heating Source

    Wall Furnace Has Heating

  • Building Information

    Year Built: 1983 Building Area Total: 4,200
  • Pool Features

    None

    Laundry Features

    Common Area

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.43
  • Lot Size Source: Assessor Lot Size Square Feet: 18731

  • Listing Price Information

    Original List Price: 1,200,000 Listing Contract Date: 2025-12-01
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 677173055

  • Other Property Info

    Source Listing Status: Active Under Contract Source Neighborhood: 335 - Cathedral City North Directions: Merge onto I-10 E, Take exit 126 for Date Palm Dr, Use the right lane to turn right onto Date Palm Dr, Turn right at the 1st cross street onto Vista Chino,Turn right onto Avenida Terrazo Source Property Type: Residential Income Area: 335 - Cathedral City North Property SubType: Apartment
  • Building and Construction

    Property Age: 43 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: One Building Total Stories: 1
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
32200 Cathedral Canyon .., Cathedral City, CA, 92234 $275,000 2 1 887 887 SqFt
35560 Paseo Circulo, Cathedral City, CA, 92234 $385,000 2 -- 1,505 1,505 SqFt
28773 E Portales Drive, Cathedral City, CA, 92234 $320,000 3 2 1,285 1,285 SqFt
68941 Calle Montoro, Cathedral City, CA, 92234 $377,000 2 1 1,406 1,406 SqFt
68725 Calle Tolosa, Cathedral City, CA, 92234 $375,000 2 2 1,452 1,452 SqFt
35951 E Paseo Circulo, Cathedral City, CA, 92234 $469,000 2 2 1,592 1,592 SqFt
68726 Calle Denia, Cathedral City, CA, 92234 $295,000 2 -- 1,029 1,029 SqFt
29161 Isleta Court, Cathedral City, CA, 92234 $309,900 3 2 1,285 1,285 SqFt
34939 Calle Sama, Cathedral City, CA, 92234 $399,900 2 2 1,247 1,247 SqFt
28284 Desert Princess D.., Cathedral City, CA, 92234 $439,000 2 2 1,212 1,212 SqFt

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ByOwner last updated this listing 06/18/2026 @ 10:25

MLS: CV25268195 LISTED BY: Eric Chen, CB RICHARD ELLIS 909-418-2000 SOURCE: CRMLS

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