About 37250 Bankside Drive
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.
Features of 37250 Bankside Drive
| MLS® # | PW26156345 |
|---|---|
| Price | $1,800,000 |
| Bedrooms | 3 |
| Bathrooms | 3.00 |
| Acres | 0.36 |
| Year Built | 1963 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 37250 Bankside Drive |
|---|---|
| Area | 335 - Cathedral City North |
| Subdivision | . |
| City | Cathedral City |
| County | Riverside |
| Zip Code | 92234 |
Amenities
| Parking Spaces | 12 |
|---|---|
| Is Waterfront | No |
| Has Pool | Yes |
| Pool | Private |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Lot Description | Irregular Lot |
|---|
Additional Information
| Date Listed | July 17th, 2026 |
|---|---|
| Days on Market | 60 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Ryan Loria |
|---|---|
| Office | Triqor Group |