37540 Van Fleet St Cathedral City, CA 92234
Cathedral City Cove NeighborhoodEstimated payment $3,711/month
Total Views
4,064
4
Beds
4
Baths
2,405
Sq Ft
$235
Price per Sq Ft
Highlights
- No Units Above
- Cooling System Mounted To A Wall/Window
- Laundry Room
- No HOA
- Living Room
- Storage
About This Home
Prime Investment Opportunity - Fully Occupied Tri-Plex Income Property!
Discover a fantastic income-producing property in the heart of Cathedral City. This well-maintained tri-plex offers three separate units, each designed for comfortable living and strong rental demand. Situated in a convenient neighborhood, the property benefits from close proximity to shopping, dining, schools, and easy access to Palm Springs and surrounding desert communities.
Tri-plex consists of one 2 bed with 2 baths, and two 1 bed and 1 bath units. With stable rental income and potential for future growth, this property is ideal for both seasoned investors and those looking to start or expand their portfolio.
Positioned on a 9,500sqft lot with ample parking and a carport, this tri-plex provides excellent upside potential with well-kept interiors and low-maintenance grounds.
Don’t miss this opportunity to own a versatile income property in one of the fastest-growing areas.
Listing Agent
Pinnacle Estate Properties Brokerage Phone: 747-900-3116 License #01834214 Listed on: 05/08/2025
Co-Listing Agent
Pinnacle Estate Properties Brokerage Phone: 747-900-3116 License #01276434
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,653
Year Built
- Built in 1948
Lot Details
- 9,583 Sq Ft Lot
- No Units Above
- No Units Located Below
- 1 Common Wall
- Partially Fenced Property
Home Design
- Triplex
Interior Spaces
- 2,405 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Living Room
- Storage
- Stone Flooring
- Electric Range
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
- Dryer
- Washer
Parking
- 5 Open Parking Spaces
- 6 Parking Spaces
- 1 Carport Space
- Driveway
- On-Street Parking
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating
- Natural Gas Connected
- Water Heater
Listing and Financial Details
- Tax Lot 230
- Assessor Parcel Number 687241039
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
- Cathedral City Cove Subdivision
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 2 Separate Water Meters
- Gardener Expense $1,200
- Insurance Expense $2,400
- Other Expense $7,300
- Water Sewer Expense $1,320
- Operating Expense $12,220
- Net Operating Income $40,000
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,653 | $293,090 | $87,488 | $205,602 |
| 2023 | $7,653 | $281,711 | $84,092 | $197,619 |
| 2022 | $7,534 | $276,189 | $82,444 | $193,745 |
| 2021 | $7,385 | $270,775 | $80,828 | $189,947 |
| 2020 | $4,900 | $87,785 | $14,751 | $73,034 |
| 2019 | $4,825 | $86,064 | $14,462 | $71,602 |
| 2018 | $4,736 | $84,378 | $14,179 | $70,199 |
| 2017 | $4,675 | $82,724 | $13,901 | $68,823 |
| 2016 | $4,812 | $81,103 | $13,629 | $67,474 |
| 2015 | $4,746 | $79,886 | $13,425 | $66,461 |
| 2014 | $4,720 | $78,323 | $13,163 | $65,160 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/05/2025 08/05/25 | Price Changed | $565,000 | -4.2% | $235 / Sq Ft |
| 05/08/2025 05/08/25 | For Sale | $590,000 | +120.1% | $245 / Sq Ft |
| 05/05/2020 05/05/20 | Sold | $268,000 | -0.4% | $142 / Sq Ft |
| 05/04/2020 05/04/20 | Pending | -- | -- | -- |
| 03/12/2020 03/12/20 | For Sale | $269,000 | -- | $143 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Divorce Dissolution Of Marriage Transfer | -- | Lawyers Title | |
| Grant Deed | $268,000 | Lawyers Title | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Similar Homes in Cathedral City, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25101572
APN: 687-241-039
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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