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Listed by Triqor Group, Ryan Loria, Listing Contact:  
3 Beds
3 Baths

$1,800,000

37250 Bankside Drive, Cathedral City CA, 92234

Property typeMulti-family

Overview

Active

Listed Jul 17, 2026

Updated Aug 11

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 Valleys 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
PW26156345

Interior Features

Bedrooms
3
Bathrooms
3
Basement
No

Exterior Features

Lot Size
0.36 Acres

Other Property Details

Pool
Yes

Also listed on CLAW

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Data last updated 6:18 AM UTC, 8/11/2026

   

 

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