$700,000
SOLD MAY 29, 2026
9 Beds
6 Baths
3,550 Sq Ft
0.3 Acre Lot

Sale Details

Date Sold: May 29, 2026

$197 Per Sq Ft

23% Below List Price

81 Days on Market

Highlights

  • Golf Course Community
  • No HOA
  • Cul-De-Sac
  • No Units Above
  • Hiking Trails
  • Living Room

About This Home

As of May 2026

Excellent investment opportunity! Three of thirteen units for sale from this estate. Great residential income-generating triplex in a strong Cathedral City rental market! 68850 Cedar Road, features an almost 14,000 square foot private lot and three fully rented units, providing immediate cash flow. Three 3 Bedroom, 2 Bath homes each with a 2 car garage on a cul-de-sac. This property is situated in a desirable location with high rental demand, close to recreation, shopping, dining, schools, and major commuter routes! Analysis is based on proforma rents!

Last Agent to Sell the Property

Dave Chamberlain

Team Chamberlain Realty Exe. Brokerage Phone: 714-875-5330 License #00762670 Listed on: 02/21/2026

Team Chamberlain Realty Exe.

Last Buyer's Agent

Dave Chamberlain

Team Chamberlain Realty Exe. Brokerage Phone: 714-875-5330 License #00762670 Listed on: 02/21/2026

Team Chamberlain Realty Exe.
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1991

Lot Details

  • 13,068 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Cul-De-Sac
  • Level Lot
  • Back Yard

Parking

  • 6 Car Garage

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 3,550 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Tile Flooring
  • Laundry Located Outside

Kitchen

  • Free-Standing Range
  • Range Hood
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for gas, water, electricity
  • Tax Lot 39
  • Tax Tract Number 12345
  • Assessor Parcel Number 680401009
  • $1,183 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Dog Park
  • Hiking Trails
  • Bike Trail

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $2,000
  • Water Sewer Expense $3,000
  • Operating Expense $6,500
  • Gross Income $76,800
  • Net Operating Income $56,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1991

Lot Details

0.3 Acres

Parking

6

Listing Details

  • Assessments: Yes
  • CapRate: 6.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 680401009
  • Year Built: 1991
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall, No One Below, No One Above
  • Flooring: Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 197.18
  • Room Type: Primary Bedroom, All Bedrooms Down, Kitchen, Living Room

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Water Heater, Free-Standing Range, Range Hood, Dishwasher
  • Heating Type: Central
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 2000.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Golf, Biking, Dog Park, Hiking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Level with Street, Back Yard
  • Lot Size Sq Ft: 13068.00
  • Lot Size Acres: 0.3000

Rental Info

  • Tenant Pays: Gas, Water, Electricity

Multi Family

  • Average3 Bed Area: 1183 Square Feet
  • Gross Multiplier: 11.50
  • Gross Operating Income: 76800.00
  • Gross Scheduled Income: 79200.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 13068.0000 Square Feet
  • Net Operating Income: 56200.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Operating Expense: 23000.00
  • Rent Control: No
  • Total Actual Rent: 4892.00
  • Total Expenses: 6500.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Lot: 39
  • Tax Tract Number: 12345
  • TaxOtherAnnualAssessmentAmount: 1183.02

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2026
Closed on
May 14, 2026
Sold by
Bought by
Seller's Agent
Dave Chamberlain
Team Chamberlain Realty Exe.
Buyer's Agent
Dave Chamberlain
Team Chamberlain Realty Exe.
List Price
$907,500
Sold Price
$700,000
Premium/Discount to List
-$207,500
-22.87%
Views
25

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.31%

Purchase Details

Closed on
Aug 8, 2023
Sold by
Bought by

Purchase Details

Closed on
Nov 13, 2022
Sold by
Bought by

Purchase Details

Closed on
Apr 20, 1999
Sold by
Bought by

Purchase Details

Closed on
Dec 9, 1995
Sold by
Bought by

Purchase Details

Closed on
Sep 29, 1995
Sold by
Bought by

Purchase Details

Closed on
Dec 27, 1994
Sold by
Bought by

Purchase Details

Closed on
Feb 18, 1994
Sold by
Bought by

Purchase Details

Closed on
Dec 21, 1993
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed $700,000 Orange Coast Title
Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Individual Deed $163,000 First American Title Co
Deed In Lieu Of Foreclosure -- Fidelity National Title Ins
Grant Deed $150,000 Fidelity National Title Ins
Deed In Lieu Of Foreclosure -- --
Grant Deed $1,000 First American Title Ins Co
Quit Claim Deed -- First American Title Ins Co
Grant Deed $235,000 First American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $173,100 Commercial
Previous Owner $197,500 Commercial
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/29/2026 05/29/26 Sold $700,000 -7.8% $197 / Sq Ft
05/13/2026 05/13/26 Pending -- -- --
05/05/2026 05/05/26 Price Changed $759,000 -16.4% $214 / Sq Ft
02/21/2026 02/21/26 For Sale $907,500 -- $256 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $4,275 $260,618 $20,771 $239,847
2025 $4,275 $255,509 $20,364 $235,145
2023 $4,271 $245,589 $19,574 $226,015
2022 $4,074 $240,775 $19,191 $221,584
2021 $3,916 $236,055 $18,815 $217,240
2020 $3,686 $233,636 $18,623 $215,013
2019 $3,578 $229,056 $18,258 $210,798
2018 $3,453 $224,565 $17,901 $206,664
2017 $3,372 $220,162 $17,550 $202,612
2016 $3,266 $215,846 $17,206 $198,640
2015 $3,142 $212,606 $16,949 $195,657
2014 $3,109 $208,443 $16,618 $191,825
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW26034459

California Regional Multiple Listing Service (CRMLS)

APN: 680-401-009

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