- $1.7M Price
- .43 Acres
- 61 DOM
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
Essential Information
- MLS® #219132613DA
- Price$1,680,000
- Bathrooms0.00
- Acres0.43
- Year Built1983
- TypeResidential Income
- StatusActive
Community Information
- Address27700 Avenida Terrazo
- Area335 - Cathedral City North
- CityCathedral City
- CountyRiverside
- Zip Code92234
Amenities
- ParkingGuest, Unassigned
- GaragesGuest, Unassigned
Interior
- InteriorTile
- AppliancesWater Heater
- HeatingCentral, Heat Pump
- # of Stories1
Cooling
Central Air, Electric, Gas, Heat Pump
Additional Information
- Date ListedJuly 11th, 2025
- Days on Market61
Listing Details
- AgentMarc Grossman
- OfficeGrossman Real Estate
Marc Grossman, Grossman Real Estate.
Based on information from California Regional Multiple Listing Service, Inc. as of September 10th, 2025 at 3:50am PDT. 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.