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8 Beds
12 Baths
6,680 sqft

$1,800,000

37250 Bankside DR, CATHEDRAL CITY CA, 92234

Price per sqft$269.46
Built in1963
Property size6,680 sqft
Property typeMulti-family

Overview

Active

Listed Jul 17, 2026

Updated 11 days ago

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.

$11,975/mo

Est. mortgage payment based on a $1,800,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
PW26156345MR

Interior Features

Bedrooms
8
Bathrooms
12
Basement
No

Exterior Features

Lot Size
0.36 Acres

Other Property Details

Pool
Yes

Also listed on SDMLS

Listed by Ryan Loria with Triqor Group
Listing Contact: 949-756-3232 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Levi Knapp | CA DRE# 01978508 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2026 Combined L.A./Westside MLS. All rights reserved.

Data last updated 9/4/2026

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