NOT LISTED FOR SALE

68080 Risueno Rd Cathedral City, CA 92234

Panorama Neighborhood

Estimated Value: $574,000 - $1,564,038

12 Beds
1 Bath
4,900 Sq Ft
$262/Sq Ft Est. Value

About This Home

RARE INVESTOR OPPORTUNITY- Introducing four turn-key, Free-standing Homes on two combined lots with RTI Plans for additional development. One home is currently Vacant and ready for market-rents. Long rental history and low vacancies. Each turn-key home consists of 2 BD, 1 BTH and its own private backyard space, parking, and shares a communal pool: A true Oasis Compound. While the homes are ready to generate income NOW at a 6.5% CAP, the fully entitled and approved plans allow the next owner to build an additional 2 homes, for 6 total, creating an additional stream of income and a potential $14-$15K in gross return at just today's market rates. This is a rare chance to create immediate cash flow with new tenants, live in one home and rent out others, and/or value-add with additional development and increased income. Get in before the massive Palm Springs Airport Expansion. The ultimate canvas for Real Estate Investors in a growing region...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2021
Sold by
Triwest Homes I
Bought by
Landon Lane Investments Llc
Current Estimated Value
$1,284,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$615,000
Outstanding Balance
$558,017
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$726,243

Purchase Details

Closed on
Aug 3, 2017
Sold by
Avila Maria
Bought by
Triwest Homes I Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
3.96%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 8, 1997
Sold by
Jana Robinson and Jana Sabrina E
Bought by
Kendall Doug A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.45%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 22, 1993
Sold by
Robinson Jana
Bought by
Robinson Jana
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Landon Lane Investments Llc $850,000 Chicago Title
Triwest Homes I Lp $479,000 Orange Coast Title Company
Kendall Doug A $110,000 Chicago Title Co
Robinson Jana -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Landon Lane Investments Llc $615,000
Previous Owner Triwest Homes I Lp $456,000
Previous Owner Kendall Doug A $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/24/2025 10/24/25 Price Changed $1,595,000 -7.5% $326 / Sq Ft
10/07/2025 10/07/25 For Sale $1,725,000 -- $352 / Sq Ft

Tax History Compared to Growth

Source: Public Records

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 $7,019 $445,706 $127,344 $318,362
2023 $7,019 $428,400 $122,400 $306,000
2022 $6,785 $420,000 $120,000 $300,000
2021 $4,485 $251,756 $50,456 $201,300
2020 $4,265 $249,175 $49,939 $199,236
2019 $4,165 $244,290 $48,960 $195,330
2018 $4,117 $239,500 $48,000 $191,500
2017 $2,712 $129,101 $26,476 $102,625
2016 $2,647 $126,570 $25,957 $100,613
2015 $2,569 $124,670 $25,568 $99,102
2014 $2,536 $122,229 $25,068 $97,161
Source: Public Records

Agents Affiliated with this Home

  • Spencer Daley

    Seller's Agent in 2025

    Spencer Daley

    Sotheby's International Realty

    (424) 202-3200

    1 in this area

    31 Total Sales

    Spencer Daley
    Section Image
  • Ernie Carswell

    Seller Co-Listing Agent in 2025

    Ernie Carswell

    Sotheby's International Realty

    (424) 202-3226

    152 Total Sales

    Ernie Carswell
    Section Image
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Map

California Riverside County Cathedral City 92234 Panorama

68080 Risueno Rd, Cathedral City, CA

Not Listed for Sale

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