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27700 Avenida Terrazo, 
Cathedral City, CA 92234

$1,680,000

—

Bed

—

Bath

-

Sq Ft

Multi-Family

Active

Listed by

Marc Grossman

Grossman Real Estate

909-608-7426

Last updated:

July 16, 2025, 01:27 PM

MLS#

219132613DA

Source:

CRMLS

About This Home

27700 Avenida Terrazo

Rare opportunity to acquire 7 single-story units on a quiet street in an up-and-coming residential neighborhood featuring newly remodeled larger, modern homes. The building has great curb appeal on a large lot that could potentially be further developed. There are 6, 1-bed 1-bath units and 1, 2-bed 2-bath unit. Each unit has a small enclosed front patio, adding to the desirability. Most units have thoroughly updated kitchens, flooring, air conditioning, and window treatments, and are contemporary, not dated. Bathrooms are modern, and each unit is kept painted. All 7 units have separate gas and electric meters. An on-site laundry provides additional income and attracts tenants. There are multiple long-term tenants. Proforma Rent 109,920 + Laundry 797.95 = 110717.95 Gross RevenueExpenses: Taxes - 22,086.16; Insurance 4,864.50; Electric 1,025.08; Gas - 1,254.01; Water - 886.27; Landscaping - 2,400 = 29,350.66 Total Expenses Net Income : 81,367.29

Home Facts

Multi-Family

Built in 1983

Price Summary

1,680,000

MLS #:

219132613DA

Last Updated:

July 16, 2025, 01:27 PM

Added:

7 day(s) ago

Structure

Structure

Year Built:

1983

Lot

Lot Size (Sq. Ft):

18,730

Finances & Disclosures

Finances

Price:

$1,680,000

Source:CRMLS
Based on information from California Regional Multiple Listing Service, Inc. as of July 18, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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