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33410 Campus Lane, Cathedral City, California 92234, Cathedral City, 92234 - bed, bath

33410 Campus Lane, Cathedral City, California 92234 home-pic-0
ACTIVE$420,000
33410 Campus Lane, Cathedral City, California 92234
0Bed
0Bath
1,837Sqft
3,049Lot
Year Built
2003
Close
-
List price
$420K
Original List price
$420K
Price/Sqft
$229
HOA
$200
Days on market
-
Sold On
-
MLS number
IG24240032
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $420.0K(6th), sqft - 1837(54th), beds - undefined(0th), baths - undefined(0th).

Turn-Key Investment Opportunity with Reliable Tenant in Place! This is your chance to expand your investment portfolio effortlessly with a well-maintained attached single-family home in the sought-after gated community of Campus Park. Featuring 3 bedrooms, 3 bathrooms, a generously sized den, large closets with lots of storage space along with a 2 car garage with direct access, this property offers a spacious and flexible layout that tenants love. The low-maintenance yard adds to the appeal and community amenities including a basketball court, swimming pool, and clubhouse make living here even more desirable. The current tenant, on a month-to-month lease, has expressed interest in staying, providing you with immediate and stable rental income without the hassle of completing a turnover and finding a new occupant. Seller will cooperate with a 1031 exchange and showings are available by appointment. Photos shown are both current and prior to tenant occupancy. Don’t miss the chance to see this exceptional investment opportunity in person. Contact us today to review the numbers and secure this hassle-free addition to your real estate portfolio!

Nearby schools

4/10
Cathedral City Elementary School
Public,•K-5•1.2mi
3/10
Nellie N. Coffman Middle School
Public,•6-8•1.1mi
6/10
Cathedral City High School
Public,•9-12•0.7mi
4/10
Desert Learning Academy
Public,•K-12•3.3mi
Condition Rating
Fair
Built in 2003, this property is 21 years old. While the home appears well-maintained with no immediate repairs needed, the kitchen and bathrooms feature styles, cabinetry, and appliances (white appliances, light wood cabinets, laminate countertops) that are visibly dated from its original construction. The flooring (tile and carpet) also reflects the original build era. It is move-in ready and functional, but the major components show signs of being outdated and would benefit from cosmetic updates to meet current aesthetic standards.
Pros & Cons

Pros

Immediate Rental Income: Reliable tenant on a month-to-month lease willing to stay, ensuring immediate and stable rental income without turnover hassle.
Gated Community with Amenities: Located in the sought-after Campus Park gated community, offering security and desirable amenities like a pool, basketball court, and clubhouse.
Spacious & Functional Layout: Features 3 bedrooms, 3 bathrooms, a generously sized den, and ample storage, providing a flexible and comfortable living space.
Well-Maintained & Modern Build: A 2003-built, well-maintained attached single-family home, suggesting good condition and modern construction standards.
Low-Maintenance & Convenient: Benefits from a low-maintenance yard and a 2-car direct-access garage, enhancing tenant appeal and owner convenience.

Cons

Month-to-Month Lease: While a tenant is in place, the month-to-month lease offers less long-term income security compared to a fixed-term agreement.
Ongoing Association Fees: A monthly association fee of $200 adds to the operational costs, potentially impacting the investment's net yield.
Lack of Scenic Views: The property does not offer any specific views, which might be a consideration for some tenants or future buyers.

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