37250 Bankside Drive

Off Market

37250 Bankside Drive

Cathedral City CA 92234

15682 sq. ft.

Multi-Family

Last sold for $1,540,000

Ryan Loria, last sold this property on 22 September 2026 after 66 days on market.

Overview

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 Valleys strongest rental markets. 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 Valleys strongest rental markets.

Features

3 bedrooms

3 bathrooms

15682 sq. ft. lot size

Multi-Family

Estimated Value

We need at least 3 similar 3 bedroom multi families sold in Cathedral City over the last 12 months.

Property history for 37250 Bankside Drive

2026

Sold

$1,540,000

22 Sep 2026 by Ryan Loria, of Triqor Group

Happy sellers in Cathedral City

<50%

Less than 50% of sellers in Cathedral City reported that their sale price either exceeded or met their price expectations.

Cathedral City stands out as a desirable community for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Cathedral City over the last 12 months.

Local market activity for 3 bedroom multi families in Cathedral City

In the last 12 months, 2 three-bedroom multi families similar to 37250 Bankside Drive, have been sold.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Cathedral City for a market analysis.

Victor Minetti

at Berkshire Hathaway HomeServices California Properties (Palm Desert, 92260)

4.8

(12 reviews)

Get a market analysis

Roddy de la Garza

at Epique Realty

(65 reviews)

Get a market analysis

Erin Driscoll

at Bennion Deville Homes

(3 reviews)

Get a market analysis

Jaclyn Mahar

at Equity Union

4.8

(6 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Cathedral City

Victor Minetti

Victor Minetti is a recommended agent for Cathedral City. They have 9 local sales and collected 4 local reviews across the last 12 months.

4.8 (12 reviews)
4 Reviews in Cathedral City
9 Sales in Cathedral City

View profile

Roddy de la Garza

Sellers who recommend Roddy de la Garza have praised them for being local expert, responsive, clear communication, supportive, great negotiation, reliable, and strategic