67039 San Jose Drive, Cathedral City, California 92234, Cathedral City, 92234 - 3 bed, 2 bath

67039 San Jose Drive, Cathedral City, California 92234 home-pic-0
ACTIVE$599,998
67039 San Jose Drive, Cathedral City, California 92234
3Beds
2Baths
1,668Sqft
19,602Lot
Year Built
1981
Close
-
List price
$600K
Original List price
$600K
Price/Sqft
$360
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2505529
Home ConditionGood
Features
Good View: Mountain(s), Neighborhood
Patio
ViewMountain(s), Neighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $600.0K(68th), sqft - 1668(39th), beds - 3(50th), baths - 2(50th).

Welcome to this move in ready property on a HUGE almost half-acre lot (Great opportunity to split the lot and build a new home and ADU with amazing views of the mountains!)in the Dream Homes neighborhood of Cathedral City! This beautifully remodeled 3-bedroom, 2-bathroom home boasts modern upgrades throughout, including walk-in showers, sinks, kitchen appliances, and an updated A/C and heating system. The desert exterior landscaping enhances the home's curb appeal and complements the scenic surroundings. Step inside to discover beautiful laminate flooring and an open concept living room and kitchen, featuring granite countertops and stainless steel appliances. The space is filled with natural sunlight, accentuated by sliding doors that lead to the backyard. Retreat to the primary bedroom, featuring an upgraded ensuite bathroom and a spacious walk-in closet. Every bedroom is equipped with mounted ceiling fans, providing added comfort during warmer months. Outside, the backyard oasis offers endless possibilities with a covered patio, complete with rolling sunshades—perfect for alfresco dining or relaxing in the shade. Additional features include a home generator for power outages, ample storage sheds for gardening tools, and a closed-off electric gate that ensures perfect privacy. The generous lot provides versatile options: create RV/car parking, establish basketball or tennis courts, or design your dream resort-style backyard. You even have the opportunity to build an oversized ADU on the other side of the lot. For savvy investors, California's SB9 law allows for the lot to be split in two, enabling the construction of an additional home and ADU on the new lot—maximizing the potential for four cash-flowing structures. This property is ideally located just minutes from major retail stores and dining options, including Home Depot, Walmart, Marshalls, Panera Bread, and Raising Cane's. Downtown Palm Springs, renowned for its museums, live events, and high-end restaurants, is only a five-minute drive away. Exciting developments in Cathedral City include the new Esperanza Park which sits on 7.5 acres in the Dream Homes community with facilities for kids and adults. There's playground equipment, a fitness area, soccer fields, additional grass space, a dog park and more. With NO HOA and NO land lease, this competitively priced property offers immense potential for both homeowners and investors alike. Don’t miss the chance to own a slice of paradise in a vibrant and growing community! Investors and anyone with a capital gain? This property is in an Opportunity Zone! Talk to your CPA if you are unaware of the benefits. Great opportunity to split the lot and build a new home and ADU with amazing views of the mountains!

Nearby schools

4/10
Agua Caliente Elementary School
Public,K-50.3mi
4/10
Raymond Cree Middle School
Public,6-82.9mi
5/10
James Workman Middle School
Public,6-82.9mi
4/10
Desert Learning Academy
Public,K-121.7mi
6/10
Cathedral City High School
Public,9-122.8mi

Price History

Date
Event
Price
07/21/25
Listing
$599,998
Condition Rating
Good

Built in 1981, this property has undergone extensive remodeling with modern upgrades throughout, including updated A/C and heating, new laminate flooring, and renovated bathrooms featuring walk-in showers and contemporary fixtures. The kitchen boasts granite countertops and stainless steel/black appliances, though the cabinet style is more traditional honey oak rather than cutting-edge modern. Overall, the home is move-in ready with well-maintained systems and no immediate renovation needs, aligning with the 'Good' condition criteria for properties extensively renovated within the last 5-15 years.
Pros & Cons

Pros

Exceptional Development Potential: The almost half-acre lot offers significant opportunities for expansion, including lot splitting under California's SB9 law to build an additional home and ADU, or adding an oversized ADU, maximizing potential for four cash-flowing structures for investors.
Extensively Remodeled & Move-in Ready: The home has undergone modern upgrades throughout, including walk-in showers, new sinks, kitchen appliances, updated A/C and heating, laminate flooring, granite countertops, and stainless steel appliances, making it move-in ready.
Strong Investment Incentives: Located in an Opportunity Zone, this property offers significant tax benefits for investors with capital gains, further enhanced by the potential for multiple income-generating units through lot splitting and ADU construction.
Prime Location & Desirable Amenities: Enjoy amazing mountain views, proximity to major retail stores, dining options, a new community park (Esperanza Park), and just a five-minute drive to Downtown Palm Springs, offering a vibrant lifestyle.
Low Ownership Costs & Enhanced Privacy: The property benefits from NO HOA and NO land lease, significantly reducing ongoing costs. Additionally, a closed-off electric gate ensures perfect privacy and security, complemented by a home generator for power outages.

Cons

Original Construction Age: Despite extensive remodels, the core structure was built in 1981, which may lead to potential future maintenance or upgrade needs for systems not explicitly mentioned as updated, such as original plumbing lines or the roof.
Significant Lot Development Required: While the large lot offers immense potential, realizing its full value (e.g., lot splitting, building ADUs, creating a resort-style backyard) requires substantial additional capital investment, time, and effort from the buyer.
Absence of Existing Luxury Outdoor Features: The property currently lacks high-end outdoor amenities like a built-in pool or spa, which are often desired in the desert climate and would need to be added by the new owner, incurring further costs and construction time.

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