68080 Risueno Road, Cathedral City, CA 92234

• 4,900 sqft

Property Description

RARE INVESTOR OPPORTUNITY- Introducing four turn-key, Free-standing Homes on two combined lots with RTI Plans for additional development. Two homes are currently Vacant and ready for market-rents. Long rental history and low vacancies. Each turn-key property has its own private backyard space, parking, and shares a communal pool: A true Oasis Compound. While the homes are ready to generate income NOW at a 6.5% CAP, the fully entitled and approved plans allow the next owner to build an additional 2 homes, for 6 total, creating an additional stream of income and a potential $15K in gross return at just today's market rates. This is a rare chance to create immediate cash flow with new tenants, live in one home and rent out others, and/or value-add with additional development and increased income. Get in before the $2.2B Palm Springs Airport Expansion. The ultimate canvas for Real Estate Investors in a growing region...

Listing Status:

Active

Date Added:

October 7, 2025 at 05:00AM

Listing Office:

Sotheby's International Realty : 310-724-7000

Listing Agent:

Ernie Carswell : 310-345-7500

MLS ID:

CL25602401

Interior

• A/C: Central Air
• Heating: Other

Exterior

• Parking: GuestOther

Location

• County: Riverside

Lot

• Zoning: R1675253030

This listing courtesy of Ernie Carswell, Sotheby's International Realty