# 67590 Jones Road, Cathedral City, CA 92234 > **TL;DR:** commercial, $3,599,890 ($218/sqft), built 1989, 16,500 sqft. Est. $19,253/mo. Listed 440 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $3,599,890 | | Price/sqft | $218 | | Square Feet | 16,500 | | Year Built | 1989 | | Lot Size | 30,928 sqft (0.71 acres) | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 440 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $18,203 | | Estimated Insurance | $1,050 | | **Total** | **$19,253** | ## Property Highlights - Built in 1989 - 0.71 acre lot - 25 parking spaces ## Description ### Agent Description %9.5 CAP rate proforma!it is a 10 unit x 2 bed/2 bath each hotel, previously a condominium complex , that may still be converted into a condo or a time share, as Title is still not fully converted! At approximately $210 per sq.ft the asking price is way below the replacement cost and not even including price of land and so on.... Located at a perfect hide-a-way location that is away from Hwy 111 but walking distance to Target, Boomers,Trader Joe's,restaurants and service plazas, car dealerships, public transportation and one street away from Hwy 111, the main transport way of the Desert connecting all of the cities in Coachella Valley. Property is currently operationg as a hotel and is ready to be taken to the next level and be exploited to its full capacity. All 10 units , at 2 bed /2bath each , are fully furnished , throughout , and are similar but slightly different in terms of layout and furnishings. Look at the attached inventory list! Some of the rooms are on the bottom and some are on the second level . The current owner operates the property as a hotel and is a resident in the property so only 9 of the units are utilized but a buyer should be able to use all 10 units.Current operating capacity is around %30-%35 and property is only advertised on AIR B & B , with prices ranging from $300 to $900 per night depending on season and events-Coachella Valley Music festival, Stagecoach music festival , Indian Wells Tennis Tournament and many others are world-wide events and draw millions of visitors to the Desert and hotels command premium prices for those . Proforma , attached in documents , shows an AirB& B average daily rate to be $405 -since it is a 2bed/2bath.The daily rate X %57 occupancy-which is very conservative and can easily go to %80 occupancy-which is normal for the Desert ,shows the profit for the year to be $839000 . Deducting the actual expenses , supplied by the ownership, we have net income of $559879. Deducting the actual capital improvements we have $344,879 , and then if divided by asking price the CAP rate is %9.5 . there are 10 attached garages, with 4 additional covered parking spaces and 7 extra parking spots-6 regular-1 handi-capped. ## Location - **Address:** 67590 Jones Road, Cathedral City, CA 92234 - **County:** Riverside - **Coordinates:** 33.790844, -116.482196 - **Google Maps:** https://www.google.com/maps?q=33.790844,-116.482196 ## Listing Agent - **Name:** Slavyan S Panayotov - **Brokerage:** Windermere Real Estate - **Broker Phone:** (760) 848-8444 ## Photos ![67590 Jones Road - Photo 1](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f2134003554r.jpg) ![67590 Jones Road - Photo 2](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f665913625r.jpg) ![67590 Jones Road - Photo 3](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f3638901260r.jpg) ![67590 Jones Road - Photo 4](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f1222410974r.jpg) ![67590 Jones Road - Photo 5](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f1237275893r.jpg) ![67590 Jones Road - Photo 6](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f3778544853r.jpg) ![67590 Jones Road - Photo 7](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f3868567188r.jpg) ![67590 Jones Road - Photo 8](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f704884095r.jpg) ![67590 Jones Road - Photo 9](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f841486424r.jpg) ![67590 Jones Road - Photo 10](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f627132604r.jpg) ![67590 Jones Road - Photo 11](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f2993735558r.jpg) ![67590 Jones Road - Photo 12](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f3276601659r.jpg) ![67590 Jones Road - Photo 13](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f4113709924r.jpg) ![67590 Jones Road - Photo 14](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f1521803464r.jpg) ![67590 Jones Road - Photo 15](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f1286828213r.jpg) ![67590 Jones Road - Photo 16](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f3560166722r.jpg) ![67590 Jones Road - Photo 17](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f672185302r.jpg) ![67590 Jones Road - Photo 18](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f4132764703r.jpg) ![67590 Jones Road - Photo 19](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f89861410r.jpg) ![67590 Jones Road - Photo 20](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f1354561631r.jpg) ![67590 Jones Road - Photo 21](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f1521803464r.jpg) ![67590 Jones Road - Photo 22](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f1765516183r.jpg) ![67590 Jones Road - Photo 23](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f2452660464r.jpg) ![67590 Jones Road - Photo 24](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f2735032669r.jpg) ![67590 Jones Road - Photo 25](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f2498553356r.jpg) ![67590 Jones Road - Photo 26](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f3444032198r.jpg) ![67590 Jones Road - Photo 27](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f1797037274r.jpg) ![67590 Jones Road - Photo 28](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f3444032198r.jpg) ![67590 Jones Road - Photo 29](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f2498553356r.jpg) ![67590 Jones Road - Photo 30](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f1797037274r.jpg) ![67590 Jones Road - Photo 31](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f2294397156r.jpg) ![67590 Jones Road - Photo 32](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f3326322844r.jpg) ![67590 Jones Road - Photo 33](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f1561600098r.jpg) ![67590 Jones Road - Photo 34](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f2026842903r.jpg) ![67590 Jones Road - Photo 35](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f2588374494r.jpg) ![67590 Jones Road - Photo 36](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f2436066440r.jpg) ![67590 Jones Road - Photo 37](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f1072402440r.jpg) ![67590 Jones Road - Photo 38](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f3750291442r.jpg) ![67590 Jones Road - Photo 39](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f4247542355r.jpg) ![67590 Jones Road - Photo 40](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f2912074079r.jpg) ![67590 Jones Road - Photo 41](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f2429216398r.jpg) ![67590 Jones Road - Photo 42](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f3174263541r.jpg) ![67590 Jones Road - Photo 43](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f200355518r.jpg) ![67590 Jones Road - Photo 44](http://lh.rdcpix.com/a38c0720490346ace82602a1a2dad546l-f3141557079r.jpg) --- **MLS#:** 219151829 | **Updated:** 2026-10-27 **Source:** listhub *Copyright © 2026 California Desert Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/67590-jones-road-cathedral-city-ca-92234-3a2fdc6841a84b409d25ac106cf22cb8) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/67590-jones-road-cathedral-city-ca-92234-3a2fdc6841a84b409d25ac106cf22cb8#listing", "url": "https://www.propertysimple.ai/listing/67590-jones-road-cathedral-city-ca-92234-3a2fdc6841a84b409d25ac106cf22cb8", "name": "67590 Jones Road, Cathedral City, CA 92234", "description": "%9.5 CAP rate proforma!it is a 10 unit x 2 bed/2 bath each hotel, previously a condominium complex , that may still be converted into a condo or a time share, as Title is still not fully converted! At approximately $210 per sq.ft the asking price is way below the replacement cost and not even including price of land and so on.... Located at a perfect hide-a-way location that is away from Hwy 111 but walking distance to Target, Boomers,Trader Joe's,restaurants and service plazas, car dealerships, public transportation and one street away from Hwy 111, the main transport way of the Desert connecting all of the cities in Coachella Valley. Property is currently operationg as a hotel and is ready to be taken to the next level and be exploited to its full capacity. All 10 units , at 2 bed /2bath each , are fully furnished , throughout , and are similar but slightly different in terms of layout and furnishings. Look at the attached inventory list! Some of the rooms are on the bottom and some are on the second level . The current owner operates the property as a hotel and is a resident in the property so only 9 of the units are utilized but a buyer should be able to use all 10 units.Current operating capacity is around %30-%35 and property is only advertised on AIR B & B , with prices ranging from $300 to $900 per night depending on season and events-Coachella Valley Music festival, Stagecoach music festival , Indian Wells Tennis Tournament and many others are world-wide events and draw millions of visitors to the Desert and hotels command premium prices for those . Proforma , attached in documents , shows an AirB& B average daily rate to be $405 -since it is a 2bed/2bath.The daily rate X %57 occupancy-which is very conservative and can easily go to %80 occupancy-which is normal for the Desert ,shows the profit for the year to be $839000 . Deducting the actual expenses , supplied by the ownership, we have net income of $559879. 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"offers": { "@type": "Offer", "@id": "https://www.propertysimple.ai/listing/67590-jones-road-cathedral-city-ca-92234-3a2fdc6841a84b409d25ac106cf22cb8#offer", "url": "https://www.propertysimple.ai/listing/67590-jones-road-cathedral-city-ca-92234-3a2fdc6841a84b409d25ac106cf22cb8", "price": 3599890, "priceCurrency": "USD", "businessFunction": "http://purl.org/goodrelations/v1#Sell", "availability": "https://schema.org/InStock", "seller": { "@id": "https://www.propertysimple.ai/listing/67590-jones-road-cathedral-city-ca-92234-3a2fdc6841a84b409d25ac106cf22cb8#agent" } }, "provider": { "@type": "Person", "@id": "https://www.propertysimple.ai/listing/67590-jones-road-cathedral-city-ca-92234-3a2fdc6841a84b409d25ac106cf22cb8#agent", "name": "Slavyan S Panayotov", "worksFor": { "@type": "Organization", "@id": "https://www.propertysimple.ai/listing/67590-jones-road-cathedral-city-ca-92234-3a2fdc6841a84b409d25ac106cf22cb8#brokerage", "name": "Windermere Real Estate", "telephone": "(760) 848-8444" } } } ```