Recently Viewed Properties
36957 Melrose Drive, Cathedral City, CA 92234

$525,000

  • Sold
  • Closed
  • Multi-Family
  • 6 Total Beds
36957 Melrose Drive, Cathedral City, CA 92234 View this property at 36957 Melrose Drive, Cathedral City, CA 92234
36957 Melrose Drive Cathedral City CA 92234

Map & Location

Street View

Property Description

Excellent Income Property on Fee Land. All 1Br 1Bth units, approximately $675/month per unit, Monthly = $4,050, Annual = $48,600 Approx. 6 Units single story located in the highly sought after Cathedral City Cove. This property has amazing upside potential. Just down the street on East Palm Canyon, a planned Agua Caliente Casino,Shopping Center and Restaurants. Still Affordable here, but not for long.

Full Property Details for 36957 Melrose Drive

  • Sold For: $525,000
  • Status: Closed
  • Type: Multi-Family
  • MLS ID: 217024734
  • Added: 91 day(s) ago

Property History

  • 36957 Melrose Drive, Cathedral City, CA
  • Sold at $525,000 on 11/28/17
  • Listed at $550,000 on 9/17/17

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 6

Bedrooms

  • Total Bedrooms: 6

Additional Information

  • Shared Amenities: Other

Parking

  • Total Spaces: 6
  • Other Parking Total: 6

Location

  • Area: Cathedral City South
  • County: Riverside
  • Development Name: Cathedral City South
  • Subdivision: Cathedral City Cove
  • Cross Streets: Melrose & Sunair Rd
  • Driving Directions: East Palm Canyon to Melrose South. Property is on the corner of Sunair and Melrose.
  • Direction Faces: Front Door Faces East

Heating & Cooling

  • Heating Type: Wall Heater

Utilities

  • Water: Water District
  • # Water Meters: 1
  • # Gas Meters: 6
  • # Electric Meters: 7

Structural Information

  • # Buildings: 1
  • Architectural Style: Ranch
  • Square Feet: 3,750
  • Year Built: 1960

Lot Features

  • Lot Size (Acres): 0.31
  • Lot Size (Sq. Ft.): 13,539
  • Lot Size Source: (Assessor)

Financial Considerations

  • Price Per Sq. Ft.: $140
  • Price Per Acre: $1,689,189.19
  • Price Per Unit: 91666
  • Sub Lease Exp.: 1800-01-01T00:00:00
  • Landlord Pays: Gardener, Water
  • Tenant Pays: Electricity, Gas

Disclosures and Reports

  • Special Conditions: Standard Sale
  • APN: 687093008

Listed by Gary Anderson, R.E. Broker, Gary Anderson - CA DRE: 119187
Sold by Lamarc Realty, Latasha O'keith - CA DRE: 7856016

What's Your Home Worth?

For a complimentary comparative market analysis, please contact us so we can discuss your home's value.

Your Property Information

Your Contact Information

36957 Melrose Drive, Cathedral City, CA 92234 (MLS# 217024734) is a Multi-Family property that was sold at $525,000 on November 28, 2017. Want to learn more about 36957 Melrose Drive? Do you have questions about finding other Multi-Family real estate for sale in Cathedral City South? You can browse all Cathedral City South real estate or contact a Coldwell Banker agent to request more information.

Listed by Gary Anderson, R.E. Broker, Gary Anderson - CA DRE: 119187
Sold by Lamarc Realty, Latasha O'keith - CA DRE: 7856016