69180 Victoria Drive, Unit 1

Cathedral City, CA 92234

$3,450,000
Price
3
Beds
20
Baths
12,300 Sq. Ft.
$280 / Sq. Ft.
12,300
Sq. Ft.
$280
per Sq. Ft.
an aerial view of a house with garden space and street view
a view of a cafe with sitting area
an aerial view of a house with a yard basket ball court and outdoor seating
a view of yard from deck
an aerial view of a residential houses with outdoor space
an aerial view of a house with a yard
an aerial view of residential houses with outdoor space
a view of a patio with table and chairs potted plants
a view of a chairs and table in patio
a view of a patio with table and chairs a barbeque
an aerial view of residential houses and outdoor space
a view of a house with a sink and wooden fence
a kitchen with granite countertop a sink a stove and cabinets
a view of an empty room with a window
a bathroom with a granite countertop sink toilet and shower
a view of walk in closet with window and chandelier
a view of entryway
a view of door
a kitchen with stainless steel appliances granite countertop a stove a refrigerator and a microwave
a kitchen with granite countertop white cabinets and a sink
a view of an outdoor space
a view of a basket ball ground

Description

This is the nicest apartment offering in Southern California. It consists of ten 3 bedroom 2 bath condo townhomes and each unit is its own separate property and has its own address/APN. So in the future, each unit can be sold separately as a condo! If you look up this property profile, it will show ten apartment units, and ten assessors parcel numbers! Each 3 bedroom 2 bath unit is 1,230 square fee and is immaculate inside. Each unit has it's own WATER METER, electric meter, and gas meter. Tenants...This is the nicest apartment offering in Southern California. It consists of ten 3 bedroom 2 bath condo townhomes and each unit is its own separate property and has its own address/APN. So in the future, each unit can be sold separately as a condo! If you look up this property profile, it will show ten apartment units, and ten assessors parcel numbers! Each 3 bedroom 2 bath unit is 1,230 square fee and is immaculate inside. Each unit has it's own WATER METER, electric meter, and gas meter. Tenants also pay for their own trash! So tenant's pay for almost all of the operating expenses except for sewer at $129 monthly. See APOD in MARKETING PACKAGE in SUPPLEMENTS for expenses. Rents are a little behind the market, but are month to month and can be brought up to market using the Just Cause procedure within California Rent Control. For actual and market rents, please see RENT ROLL and RENT COMPS within the MARKETING PACKAGE in SUPPLEMENTS. At market rents, this apartment really performs! How about $324,000 annual gross income, a 10.65 GRM, a 7.99% Cap Rate, and a 12.72% Cash on Cash Return! SEE SUPPLEMENTS for detail. This is truly a great buy. Apartments in this area, and of this quality are very rare. The last comparable 10 unit sale was a couple years ago at 120 W Vereda Sur in Palm Springs. It sold for $3,800,000! See detail in SUPPLEMENTS. Please drive by (only) and take a close look at the pictures! This is truly a luxurious resort apartment that preforms very well. We will look at all offers and letters of intent. Please don't hesitate to send out either and we will respond! You can simply email a letter of intent if you'd like and that only takes minutes! Thank you.
  1. Listed by Tony Burton • DRE #01014173 • Brokerage DRE #01014173 • Burton Commercial, Inc. • 951-375-7433

Property Details for 69180 Victoria Drive, Unit 1

Parking Spaces Total
10
Private Pool
No
Total Units
10.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
12300
Assessor Parcel Number
673-141-001
Property Attached YN
true
LISTING UPDATED: 08/22/2024 07:19 AM

Property Details for 69180 Victoria Drive, Unit 1

StatusActive
MLS #SW24154487
Days on Market122
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1981
CountyRiverside County

Building Information for 69180 Victoria Drive, Unit 1

Building/Complex69180 Victoria DrFloor-Stories2Residences-Pet Policy-Year Built1981Building Size-

Property Information for 69180 Victoria Drive, Unit 1

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
Expense Details
  • Operating Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 13743
  • Tax Census Tract: 449.16
  • Tax Lot: 1
Community / Development
Community / Development
  • Community Features: Gutters, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Entry Location: 1
  • Pool Features: Community
Land/Lot Info
  • Lot Features: 11-15 Units/Acre
  • Number Of Units: 10
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 10
Unit Information
Unit 1
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 10
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 5
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 11

Property History for 69180 Victoria Drive, Unit 1

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 69180 Victoria Drive, Unit 1

Taxable ValueLand$55,774Additions$161,189Total$216,963
Tax Record2024$3,331 ($278 / month)
Home Facts
Baths1.8Total Finished SqFt1,230 SqFtAbove Grade Finished SqFt1,230 SqFtStories2Lot Size479 SqFtStyleMulti-Family Res (5+ Units)Year Built1981ZoningR2CountyRIVERSIDEAPN673-141-001Fireplace TypeHas Fireplace

Schools near 69180 Victoria Drive, Unit 1

This home is within Palm Springs Unified School District.
Rating
School
Type
Grades
Distance
Cathedral City Elementary School
Public - K to 5
Nellie N. Coffman Middle School
Public - 6 to 8
Cathedral City High School
Public - 9 to 12
Mt. San Jacinto High School
Public - 9 to 12
Rating
School
Distance
Cathedral City Elementary School
PublicK to 5

Nellie N. Coffman 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.

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More information about 69180 Victoria Drive, Unit 1, Cathedral City, CA 92234

69180 Victoria Drive, Unit 1 is a multi-family home for sale in Cathedral City, CA 92234. This property was listed for sale on July 27, 2024 by Burton Commercial, Inc., it's currently listed at $3,450,000. This listing's school district is Palm Springs Unified School District. Nearby schools include Cathedral City Elementary School, Nellie N. Coffman Middle School and Cathedral City High School. 69180 Victoria Drive, Unit 1 is a 3-bed, 20-bath, 12,300 sqft multi-family home built in 1981.

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 Burton Commercial, Inc., Tony Burton, DRE #01014173

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.