32505 Candlewood Drive 22, Cathedral City, California 92234, Cathedral City, 92234 - 1 bed, 1 bath
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Cathedral City, California 92234
This property presents a High-Potential Investment Opportunity with a List Price of $205,000—positioned well above the $134,059 Fair Market Value by -52%. While the property requires a full rehab due to its Fair Condition Rating, the open-concept layout and proximity to the I-10 freeway provide a solid foundation for value-add renovations. Featuring community pool and spa access, this asset is well-suited for Buy-and-Hold Investors or first-time buyers capable of executing a comprehensive modernization strategy to capture long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 32505 Candlewood Drive 22 Subject | $205,000* List Price | 1 | 1 | 772 | $174 | - |
A 32200 Cathedral Canyon Drive 89 Sold | $175,000 | 1 | 1 | 745 | $235 | 0.5 mi |
B 31200 Landau Boulevard 104 Sold | $220,000 | 2 | 2 | 906 | $243 | 0.5 mi |
C 32505 Candlewood Drive 12 Active | $199,999 List Price | 1 | 1 | 772 | $259 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1985 (39 years old) and appears to be in original condition with no significant renovations. The kitchen features dated 1980s cabinetry, fluorescent light boxes, and aged appliances. Interior finishes including the carpet show significant wear and staining, and the presence of popcorn ceilings and original fixtures indicates the unit requires a full rehab to meet modern standards.
Ideally situated with quick access to the I-10 freeway and a short drive to downtown Palm Springs, offering a perfect balance of convenience and affordability within the Coachella Valley.
Priced competitively at $205,000, this property represents an excellent opportunity for first-time homebuyers or investors looking for a high-potential asset in a growing market.
The 772-square-foot floor plan maximizes the living space with an open flow between the kitchen and living areas, enhanced by significant natural light.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =871, other record lot size in square feet = 236966.
The property is marketed as needing updates and customization, suggesting that the interior may be dated and will require additional capital investment for renovations.
The $430 monthly association fee is relatively high compared to the listing price, which may impact overall affordability and net rental yields for investors.
Welcome home to this light, bright, and spacious 1-bedroom, 1-bath condo located in the heart of Cathedral City. Offering 772 square feet of open-concept living space, this property is full of potential and presents an incredible opportunity for a buyer to update, customize, and truly make it their own.The functional layout features a generous living area filled with natural light, creating an inviting atmosphere throughout. The open flow between the living, dining, and kitchen spaces provides a comfortable setting for everyday living and entertaining alike.Ideally situated with convenient access to the I-10 freeway, this location makes commuting throughout the Coachella Valley simple and convenient. Enjoy being just a short drive from the shopping, dining, nightlife, and entertainment of downtown Palm Springs while still benefiting from the affordability and central location Cathedral City has to offer.Whether you are searching for a primary residence, weekend retreat, or investment opportunity, this condo is priced to sell and ready for its next chapter.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades 6-8 • 1.8 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 7% |
| Baths | 1.0 | 2.0 | 3% |
| Square foot | 772 | 1,335 | 3% |
| Lot Size | 871 | 1,307 | 26% |
| Price | $205.0K | $290.0K | 4% |
| Price per sq ft | $266 | $234 | 83% |
| Built year | 1985 | 1985 | 50% |
| HOA | $430.0 | $591 | 4% |
| Days on market | 22 | 208 | 1% |
May 15, 2026
$205,000
Initial Listing