27842 Valencia Street, Cathedral City, California 92234, Cathedral City, 92234 - 4 bed, 3 bath
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Cathedral City, California 92234
This property presents a High-Potential Investment Opportunity with a List Price of $475,000—positioned well below the $475,937 Fair Market Value by 0.2%. Featuring a resort-style backyard with a pool and waterfall, this home offers significant value-add potential. With a Condition Rating of 4, the interior requires cosmetic updates, allowing for forced appreciation. Located in the La Pasada community near Palm Springs, this is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to customize a residence with modern solar and battery infrastructure.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27842 Valencia Street Subject | $475,000* List Price | 4 | 3 | 1,659 | $287 | - |
A 67705 Ovante Road Sold | $467,000 | 4 | 2 | 1,531 | $305 | 0.8 mi |
B 68420 Durango Sold | $495,000 | 3 | 3 | 1,864 | $266 | 0.9 mi |
C 27874 Valencia Street Sold | $525,000 | 4 | 2 | 1,571 | $334 | 0.0 mi |
D 68750 Fortuna Road Sold | $500,000 | 3 | 2 | 1,565 | $319 | 0.5 mi |
E 68940 Concepcion Sold | $495,000 | 3 | 2 | 1,588 | $312 | 0.9 mi |
F 27133 Shadowcrest Sold | $440,000 | 3 | 2 | 1,549 | $284 | 1.0 mi |
G 67900 Ontina Active | $549,000 List Price | 4 | 2 | 2,029 | $271 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1995, the home is nearly 30 years old and retains its original interior finishes. The kitchen and bathrooms are functional but dated with 90s-era cabinetry, tile countertops, and gold-trimmed fixtures. While the electrical system is enhanced by a modern Tesla solar and battery backup, the overall interior requires cosmetic updates and minor repairs to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1659.
The property features a private swimming pool with a dramatic rock waterfall on a premium corner lot, offering a resort-like setting ideal for desert entertaining.
Equipped with an owned solar energy system and battery backup, providing the homeowner with substantial utility savings and enhanced energy reliability.
As a probate sale sold in its present condition, the home likely requires cosmetic updates and repairs, necessitating additional buyer investment.
With four bedrooms configured within 1,659 square feet, the interior living spaces and individual room dimensions may feel somewhat constrained.
PROBATE SALE – Exceptional Pool Home in the Desirable La Pasada Community! Located on a premium corner lot within the highly sought-after La Pasada community of Cathedral City, this home offers a unique opportunity to create your own private oasis while enjoying an outstanding combination of lifestyle, convenience, and energy efficiency. The backyard is designed for entertaining, featuring a swimming pool with a dramatic rock waterfall feature that creates a resort-like setting. Additional highlights include an owned solar energy system and battery backup, providing enhanced energy efficiency and utility savings. The property offers an excellent opportunity for customization and value enhancement. With vision and creativity, this home has tremendous potential to become a truly special residence. Ideally situated just minutes from downtown Palm Springs, residents enjoy convenient access to shopping, dining, entertainment, golf courses, casinos, and outdoor recreation. Palm Springs International Airport is also nearby, making travel convenient for residents and guests alike. Convenient access to Interstate 10 provides connectivity throughout the Coachella Valley and Southern California. The property is also located near Empire Polo Club, host of internationally recognized annual events including the Coachella Valley Music and Arts Festival and Stagecoach Festival. Property sold in its present condition. Buyer to independently verify all information, including square footage, permits, solar system details, HOA information, and property condition.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades 6-8 • 1.8 mi
Grades 9-12 • 3.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 71% |
| Baths | 3.0 | 2.0 | 56% |
| Square foot | 1,659 | 1,752 | 42% |
| Lot Size | 8,276 | 7,841 | 53% |
| Price | $475.0K | $555.0K | 26% |
| Price per sq ft | $286 | $316 | 28% |
| Built year | 1995 | 1991 | 56% |
| HOA | $49.2 | $0 | 67% |
| Days on market | 0 | 166 | 0% |
Jun 3, 2026
$475,000
Initial Listing
May 19, 1998
$151,000
Public Record