Home | Riverside County | Cathedral City | 92234 | 37250 Bankside Dr
MLS: CRPW26156345 | Status: | Price: $1,800,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 15,682 | 1963 |
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.
| Field | Value |
|---|---|
| MLS # | CRPW26156345 |
| MLS Source | California Regional MLS |
| Days on Site | 13 |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
Ryan Loria
Triqor Group
License #: 02006138
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Cathedral City Elementary School | public | K-5 | 1.33 mi | 6 |
| Nellie N. Coffman Middle School | public | 6-8 | 1.69 mi | 4 |
| Cathedral City High School | public | 9-12 | 1.97 mi | 4 |
| Mt. San Jacinto High School | public | 9-12 | 3.18 mi | 2 |
| Sunny Sands Elementary School | public | K-5 | 3.31 mi | 5 |
| Agua Caliente Elementary School | public | K-5 | 3.41 mi | 4 |
| Landau Elementary School | public | K-5 | 3.56 mi | 3 |
| Virtual Pre | public | UG | 3.57 mi | N/A |
| Rancho Mirage High | public | 9-12 | 3.66 mi | 6 |
| Rancho Mirage Elementary School | public | K-5 | 3.78 mi | 4 |
| James Workman Middle School | public | 6-8 | 3.81 mi | 5 |
| Desert Learning Academy | public | K-12 | 4.01 mi | 3 |
| Palm Springs High School | public | 9-12 | 4.04 mi | 5 |
| Cahuilla Elementary School | public | K-5 | 4.46 mi | 3 |
©2026 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of July 17, 2026. For the most current information, please contact Ryan Loria.