$88,000
●
Land -
Off Market
68575 E Street
Cathedral City, CA 92234
Studio
0 Bath
$418
Est. Monthly
About This Property
Opportunity knocks! Calling all Builders, Investors and Land Barons
, gorgeous lot nestled in popular Cathedral City Cove - walking
distance to fine dining, bars, entertainment and soon to be
Cathedral Cove Shopping Center. Great views and plans are
attractive (drive by completed homes on same street). Survey
complete, plans included (Buyer will need to have solar and
sprinklers added in). Paid water meter, survey completed, Amazing
south and western mountain views! Whether you are looking to build
for yourself, build and sell or just hang on to the land as an
investment, you don't want to miss out on this opportunity!
Unit Size
-
Days on Market
30 days
Land Size
0.11 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
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Cap Rate Calculator
Purchase Price
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Monthly Rental Income
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Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 12 months ago (CRMLS #219136997DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 14, 2025 | Sold | ||
| Sold | |||
| Nov 8, 2025 | In contract | - | |
| In contract | |||
| Oct 15, 2025 | Listed by Compass | $85,000 | |
| Listed by Compass | |||
| Aug 30, 2024 | Listed | $99,000 | |
| Listed | |||
| | |||
|
Opportunity knocks! Calling all Builders, Investors and Land Barons , Seller is open to carrying on this gorgeous lot nestled in popular Cathedral City Cove - walking distance to fine dining, bars, entertainment and soon to be Cathedral Cove Shopping Center. Great views and plans are attractive (drive by completed homes on same street). Survey complete, plans included (Buyer will need to have solar and sprinklers added in). Paid water meter, survey completed, Amazing south and western mountain views! Whether you are looking to build for yourself, build and sell or just hang on to the land as an investment, you don't want to miss out on this opportunity!
| |||
| Feb 14, 2022 | Sold | ||
| Sold | |||
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Property Highlights
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Unit
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Type
Beds
Baths
ft²
Price/ft²
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Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Downtown Cathedral City
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Marnie Balog, Compass
Last Updated: 12 months ago
Data Source: CRMLS, MLS# 219136997DA
Last Updated: 12 months ago
Data Source: CRMLS, MLS# 219136997DA
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