37250 Bankside Drive, Cathedral City, CA 92234 (MLS # PW26156345)

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PRICE $1,800,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE 6,680 sqft
LOT SIZE 15,682 sqft

We are pleased to present Bankside Apartments, well-maintained and upgraded 12-unit apartment community located in Cathedral City, CA. The property offers an attractive unit mix consisting of spacious, single-story Studio, 1-bedroom, and 2-bedroom units. Eleven of the twelve units have been thoughtfully renovated with wood-look porcelain tile flooring, upgraded kitchens and bathrooms, stainless sinks, and dual-pane windows. The community features a sparkling swimming pool within a gated courtyard, central heating and air conditioning, an on-site laundry facility, open parking, and all-new electrical panels. Bankside Apartments presents a compelling value-add opportunity with approximately 45% upside in rental income. Through the continued implementation of market rents, a new owner has the potential to significantly increase cash flow and achieve an estimated 8.2% capitalization rate, making this an attractive investment in one of the Coachella Valley's strongest rental markets.

DAYS ON MARKET 1 LAST UPDATED 7/17/2026
TRACT . YEAR BUILT 1963
COMMUNITY 335 - Cathedral City North COUNTY Riverside
STATUS Active PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AREA 335 - Cathedral City North
LOT 0.36 acre(s)
LOT DESCRIPTION Irregular Lot
LOT DIMENSIONS 15682
POOL Yes
POOL DESCRIPTION Private
SEWER Public Sewer
STORIES 1
SUBDIVISION .
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Triqor Group

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 7/17/26 4:03 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

This IDX solution is (c) Diverse Solutions 2026.