27700 Avenida Terrazo

Cathedral City, CA 92234

$1,800,000
Price
8
Beds
9
Baths
4,850 Sq. Ft.
$371 / Sq. Ft.
4,850
Sq. Ft.
$371
per Sq. Ft.

Description

Exceptional opportunity to acquire a 7 unit well maintained, multi-unit, rental property in a lovely residential neighborhood of single-family homes. Consisting of six 1 bedroom, 1 bath units and one 2 bedroom, 2 bath unit, all units have separate gas and electric meters enabling tenant paid utilities. There is also a common laundry room for the use of the tenants, which also generates additional income for the owner. This unique property, just off of Vista Chino is located close to all of the neighborhood...Exceptional opportunity to acquire a 7 unit well maintained, multi-unit, rental property in a lovely residential neighborhood of single-family homes. Consisting of six 1 bedroom, 1 bath units and one 2 bedroom, 2 bath unit, all units have separate gas and electric meters enabling tenant paid utilities. There is also a common laundry room for the use of the tenants, which also generates additional income for the owner. This unique property, just off of Vista Chino is located close to all of the neighborhood amenities including shopping, entertainment and easy access to the freeway. A property of this type is a rarity in today's real estate market.
  1. Listed by Kurt Penn • DRE #01927566 • Grossman Real Estate
  2. Listed by Marc Grossman • DRE #02124876 • Grossman Real Estate

Property Details for 27700 Avenida Terrazo

Architectural Style
Mediterranean
Subdivision Name
Rio Vista
Carport Spaces
.00
Garage Spaces
.00
View
No
Cross Street
Vista Chino & Avenida Terrazo
LISTING UPDATED: 11/19/2024 08:01 PM

Property Details for 27700 Avenida Terrazo

StatusActive
MLS #219113170
Days on Market155
Taxes$21,954 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1983
Lot Size0.43 AC / 18,731 SF
CountyRiverside County

Building Information for 27700 Avenida Terrazo

Stories1Residences-Year Built1983Building Size-Lot Size0.43 AC / 18,731 SF

Property Information for 27700 Avenida Terrazo

Summary
Location and General Information
  • City: Cathedral City
  • Country: US
  • Directions: Vista Chino to Avenida Terrazo, north on Avenida Terrazzo to property on the right.
  • Inclusions: All F, F & E in the units and laundry room owned by the seller.
  • Levels: One
  • Area: 335 - Cathedral City North
  • Postal Code Plus4: 5521
  • Senior Community: No
  • Unparsed Address: 27700 Avenida Terrazo, Cathedral City, CA 92234
  • Walk Score: 0
Parking
  • Parking Features: On Street, Shared Driveway, Other
Taxes and HOA Information
  • Association Fee: $.00
Virtual Tour
  • Videos Count: 0
Property
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Acres: .00
  • Lot Size Square Feet: .00
  • Lot Size Area: 18,731.00
  • Lot Size Source: Assessor
  • Property Type: Residential Income
Property and Assessments
  • Documents Count: 0
  • Exclusions: Personal property owned by tenants.
  • Sign On Property: Yes
Utilities
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes
  • Sewer: In Connected and Paid
Interior and Exterior Features
Exterior Features
  • Construction Materials: Stucco
  • Foundation Details: Slab
  • Pool Private: No
  • Roof: Tile
  • Spa: No
  • Stories Total: 1
Interior Features
  • Appliances: Gas Range, Refrigerator, Gas Water Heater
  • Bathrooms Full: 9
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Total Bathrooms: 9
  • Fireplace: No
  • Flooring: Tile
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: Community
  • Living Area: 4,850.00
  • View: No
Multi Family
Multi-Family Information
  • Special Listing Conditions: Standard
Rental
Rental Information
  • Tenant Pays: Cable TV, Electricity, Gas

Property History for 27700 Avenida Terrazo

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 27700 Avenida Terrazo

Taxable ValueLand$218,727Additions$869,446Total$1,088,173
Tax Record2024$22,086 ($1,841 / month)
Home Facts
Total Finished SqFt4,200 SqFtAbove Grade Finished SqFt4,200 SqFtStories1Lot Size18,730 SqFtStyleMulti-Family Res (5+ Units)Year Built1983ZoningRRSCountyRIVERSIDEAPN677-173-055

Schools near 27700 Avenida Terrazo

This home is within Palm Springs Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Rio Vista Elementary School
PublicK to 5

James Workman Middle School
Public6 to 8

Cathedral City High School
Public9 to 12

Mt. San Jacinto High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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27700 Avenida Terrazo is a multi-family home for sale in Cathedral City, CA 92234. This property was listed for sale on June 19, 2024 by Grossman Real Estate, it's currently listed at $1,800,000. It has been on the market for a total of 155 days and was last sold on September 21, 2018. This listing's school district is Palm Springs Unified School District. Nearby schools include Rio Vista Elementary School, James Workman Middle School and Cathedral City High School. 27700 Avenida Terrazo is a 8-bed, 9-bath, 4,850 sqft multi-family home built in 1983.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Grossman Real Estate, Kurt Penn, DRE #01927566; Grossman Real Estate, Marc Grossman, DRE #02124876

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.