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5 Single Family Homes & Pool on 1/2 Acre 68980 Via Eytel Rd 5 Unit Apartment Building $2,850,000 ($570,000/Unit) 3.15% Cap Rate Cathedral City, CA 92234
Investment Highlights
- Five detached two-story residential homes built in 2022 provide a newer-construction multifamily investment opportunity.
- Located near Date Palm Drive with convenient access to shopping, dining, banking, and entertainment destinations.
Executive Summary
Five Modern 4 Years New Detached Single Family Homes in Cathedral City - Exceptional Opportunity Zone Investment Rare opportunity to own five detached two-story homes, all built just four years ago, in one of Cathedral City's most desirable residential communities. Located within a Qualified Opportunity Zone, this property may offer significant federal tax advantages, including the potential to eliminate federal capital gains tax on appreciation if ownership and all IRS Qualified Opportunity Zone requirements are satisfied. (Buyers should consult their tax advisor regarding eligibility and tax benefits.) Designed with true pride of ownership, this modern multifamily development offers an exceptional resort-style living experience. Residents enjoy a sparkling community swimming pool, while each home features its own attached two-car garage, front yard, and fenced backyard, all situated along a private cul-de-sac drive for added privacy and appeal. Ideally located just off Date Palm Drive, the property is within walking distance of shopping, restaurants, banking, entertainment and the nearby Agua Caliente casino. Residents also enjoy everything that makes Cathedral City living so desirable, including year-round sunshine, beautiful mountain views, convenient access to Palm Springs and the entire Coachella Valley, championship golf, hiking, festivals, and an outstanding desert lifestyle. This is a rare opportunity to acquire a newer, low-maintenance investment property that combines strong rental appeal, modern construction, and a prime Cathedral City location with potential long-term tax benefits.
Property Facts
| Price | $2,850,000 | Building Class | B |
| Price Per Unit | $570,000 | Lot Size | 0.66 AC |
| Sale Type | Investment | Building Size | 7,990 SF |
| Cap Rate | 3.15% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | Multi Family | ||
| Price | $2,850,000 |
| Price Per Unit | $570,000 |
| Sale Type | Investment |
| Cap Rate | 3.15% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.66 AC |
| Building Size | 7,990 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2022 |
| Parking Ratio | 1.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Multi Family |
Amenities
Site Amenities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+3 | 5 | $3,025 | 1,600 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 680-411-032 | Improvements Assessment | $2,543,714 |
| Land Assessment | $487,093 | Total Assessment | $3,030,807 |
Property Taxes
Parcel Number
680-411-032
Land Assessment
$487,093
Improvements Assessment
$2,543,714
Total Assessment
$3,030,807
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