About This Home

This 7-bedroom, 5-bathroom residential multi family at 29395 Avenida La Paz in Cathedral City, CA is listed for $850,000 ($191 per sqft). Built in 1990, the home offers 4,442 sqft of living space on a 0.19 acres lot.

Key Features

  • Built in 1990
  • 0.19 acre lot
  • 2 stories
  • 6 parking spaces

Property Details

2 stories
5 full
2-car garage
1990

Amenities

A/C
Listing Description

Rare opportunity to own a vacant triplex at 29395 Avenida La Paz in Cathedral City delivered vacant and ready to rent at current market rates from day one! Unit mix includes two 3BD/2BA units and one 2BD/1BA unit with a bonus room, plus two separate 2-car garages adding tremendous tenant appeal.

With strong rental demand across the Coachella Valley, the 3BD/2BA units have a rental potential of $2,500$3,500/month each and the 2BD/1BA with bonus room commanding $1,500$2,300/month this property has a potential gross monthly income of $6,500$10,300/month.

Perfect for the seasoned investor looking to add a cash flowing asset to their portfolio, a first time investor ready to get into the market, or an owner-occupant looking to live in one unit while the other two units pay the mortgage. No inherited leases, no tenant transitions just close and start generating income immediately. Strong rental demand, rising rents, and a centrally located Coachella Valley address make this a compelling opportunity that will not last long.

Monthly Cost Estimate

$4,546/mo

20% down · 6.5% · 30 years

Principal$615
Interest$3,683
Insurance$248

Estimates only. Actual payments may vary.

Location

29395 Avenida La Paz

Cathedral City, CA 92234

Property Details

Parking

DrivewayGarage

Heating

Central

Cooling

Central Air

Questions & Answers

This 7-bedroom, 5-bathroom residential multi family at 29395 Avenida La Paz is listed at $850,000 ($191/sqft). The estimated monthly payment is $4,546 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1990, 0.19 acre lot, 2 stories, 6 parking spaces.

This property is listed by Miguel Briones.

MB

Miguel Briones

License 01705617

Agent at HomeSmart Professionals

Listed by HomeSmart Professionals · Broker phone: (760) 844-7500 · View on Broker Site · Broker website

MLS# 26636901PS· Source: Greater Palm Springs REALTORS· 296 days on PropertySimple

Copyright © 2026 Greater Palm Springs REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

29395 Avenida La Paz, Cathedral City, CA 92234

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