28600 Landau Blvd, Cathedral City, CA 92234

6 Unit Apartment Building | $1,300,000 ($216,667/Unit) | 4.96% Cap Rate | Cathedral City, CA 92234

Asking Price $1,300,000

Property Type: Multifamily
Square Feet: 5,194 SF

Listing Contacts

Cray Carlson

Property Overview

CBRE presents to the market a 6 unit multifamily investment opportunity in the city of Cathedral City. This property is nestled in the Coachella Valley which encompasses Palm Springs, Palm Desert, Rancho Mirage, Indio, La Quinta, Indian Wells, Cathedral City, Indian Wells, and Coachella. This apartment contains (4) 2 Bedroom l 2 Bathroom units and (2) 3 Bedroom l 2 Bathroom units. This property is located right next to the Desert Princess Country Club Golf Resort, which is a immaculately groomed 27-hole championship golf course framed in the panoramic splendor of the San Jacinto Mountain Range. Also, this property is situated near Downtown Cathedral City and is a 5 minute drive from Palm Springs International Airport. Cathedral City is home to its fair share of lush country clubs and exceptional hotels, Cathedral City shines as a haven for the arts. Thanks to a recent Public Arts Initiative, visitors can discover several works on display throughout the city, including the whimsical, mosaic-tiled Fountain of Life statue that proudly claims the heart of downtown.

Property Details

Class: C
Year Built: 1972
Stories: 2
Lot Size (sq. ft): 8,276 SF
Units: 6

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