32205 Cathedral Canyon, Cathedral City, California 92234, Cathedral City, 92234 - 3 bed, 2 bath
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Cathedral City, California 92234
This Well-Maintained Single-Family Residence is a Prime Investment Opportunity listed at $479,999—positioned well below the $490,616 Fair Market Value by 2%. This valuation gap provides $10,617 in Instant Equity. Boasting a Condition Rating of 3, the home features an Updated Roof, Remodeled Primary Bath, and Mountain Views. With No HOA and a history of positive cash flow, it offers both lifestyle comfort and financial flexibility within the Palm Springs Unified School District. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 32205 Cathedral Canyon Subject | $469,999* List Price | 3 | 2 | 1,325 | $337 | - |
A 32904 Navajo Sold | $410,000 | 4 | 2 | 1,320 | $311 | 0.4 mi |
B 31920 Avenida El Mundo Sold | $350,000 | 3 | 2 | 1,392 | $251 | 0.2 mi |
C 69120 San Helena Avenue Sold | $425,000 | 3 | 2 | 1,376 | $309 | 0.7 mi |
D 31495 Avenida Valdez Sold | $425,000 | 3 | 2 | 1,163 | $365 | 0.4 mi |
E 30805 Avenida Alvera Sold | $539,000 | 3 | 2 | 1,665 | $324 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, fitting the criteria for a home built approximately 20 years ago with consistent upkeep. Key updates include a newer roof, luxury vinyl plank flooring in the bedrooms, and a renovated primary bathroom. While the kitchen features original oak-style cabinetry and tile countertops which are somewhat dated, the appliances have been updated to stainless steel/black finishes. The mechanical systems are reported as regularly maintained, and the overall interior and exterior show minimal physical depreciation.
Ideally situated minutes from downtown Palm Springs and major entertainment hubs, this property offers the significant advantage of no HOA fees, providing owners with greater financial flexibility and fewer restrictions.
The home features several high-value updates including an updated roof, a tastefully remodeled primary bathroom, and luxury vinyl plank flooring, ensuring a move-in ready experience with reduced immediate maintenance needs.
A private front courtyard, extended rear patio with a gazebo, and a large block-walled backyard create a private desert oasis perfect for entertaining and enjoying the Coachella Valley climate.
At 1,325 square feet for a three-bedroom residence, the interior living areas and bedrooms may feel somewhat restrictive for buyers seeking more expansive square footage.
The assigned public schools carry modest ratings ranging from 3 to 6, which could be a drawback for families prioritizing high-performing educational districts.
Your dream home awaits in the heart of Cathedral City, ideally located just minutes from downtown Palm Springs, Agua Caliente Casino, world-class entertainment venues, dining, golf, and premier shopping destinations, placing the best of the Coachella Valley within easy reach. This well-maintained 3-bedroom, 2-bath single-family residence offers comfort, character, and strong investment potential — all with no HOA. Built in 2002 and situated on a 6,534 sq ft lot, the home features a private front courtyard and covered patio that create a welcoming entry and additional outdoor living space. Inside, vaulted ceilings enhance the spacious family room, while custom Saltillo tile adds warmth and desert charm throughout the main living areas. The bedrooms provide comfortable retreats, and thoughtful updates bring modern functionality to the home. The primary bathroom has been tastefully upgraded with permitted cosmetic and plumbing improvements, and additional enhancements include luxury vinyl plank flooring, an extended patio, gazebo, privacy wall, shed, and an updated roof. Mechanical systems have been regularly maintained, offering peace of mind for future ownership. The large block-walled backyard provides privacy and room to relax or entertain, and the two-car garage along with an oversized driveway offers ample parking. Previously utilized as a long-term rental with positive cash flow, this property presents an attractive opportunity for both homeowners and investors alike. Centrally located near schools, parks, restaurants, and shopping, this is a versatile, move-in ready home in a highly convenient Cathedral City location. FHA financing welcome. ***FURNISHED PHOTOS ARE VIRTUALLY/AI STAGED***
No exterior & parking available.
Grades K-5 • 1.4 mi
Grades K-5 • 1.8 mi
Grades 6-8 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,325 | 1,766 | 15% |
| Lot Size | 6,534 | 7,841 | 22% |
| Price | $470.0K | $545.0K | 22% |
| Price per sq ft | $355 | $309 | 75% |
| Built year | 2002 | 1993 | 70% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 184 | 1% |
Apr 11, 2026
$469,999
$479,999
-2% Price Drop
Initial Listing
Mar 18, 2026
$479,999
Initial Listing
Jun 3, 2022
$440,000
Public Record
Apr 15, 2009
$128,000
Public Record
Jul 15, 2002
$153,000
Public Record
Oct 19, 2001
$11,000
Public Record