33085 Wishing Well Trail, Cathedral City, California 92234, Cathedral City, 92234 - 6 bed, 4 bath
ACTIVE$770,000
33085 Wishing Well Trail, Cathedral City, California 92234
6Beds
4Baths
2,538Sqft
7,841Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: Designed as a duplex, this property offers significant income potential, allowing an owner to live in one unit and rent the other, or utilize it as a full investment property, ideal for 1031 exchanges.
Top Cons:
Property Age: Built in 1986, the property is nearly 40 years old, which may lead to higher maintenance costs for original components not explicitly updated, or require future cosmetic renovations to meet modern tastes.
Compared to the nearby listings
Price:$770.0K vs avg $550.0K (+$220,000)67%
Size:2,538 sqft vs avg 2,216 sqft67%
Price/sqft:$303 vs avg $27067%
More Insights
Built in 1986 (39 years old).
Condition: Built in 1986, this property has undergone significant updates that elevate its condition beyond 'Fair'. The description highlights 'newer HVAC units' and a 'new connection to the public sewer,' which are major system upgrades indicating recent investment and functionality within expected lifespan. Images show updated stainless steel kitchen appliances, modern dark laminate flooring in bedrooms, and a bathroom with a newer countertop and painted cabinetry. While the kitchen cabinets and countertops are not high-end modern, they are clean, functional, and the overall property is well-maintained and move-in ready with no immediate renovations required, aligning well with the 'Good' condition criteria.
Year Built
1986
Close
-
List price
$770K
Original List price
$780K
Price/Sqft
$303
HOA
-
Days on market
-
Sold On
-
MLS number
OC25024636
Home ConditionGood
Features
Good View: Mountain(s), Neighborhood
Patio
ViewMountain(s), Neighborhood
About this home
RARE SFR / Duplex the Homeowners Investors Dream; use a 1031 Exchange and keep your hard earned profit or live in one unit and have your neighbor help pay your mortgage, or both. This is the nicest and best-maintained duplex in the area, because of the landlord and the tenants working together. There is a living room, dining room, kitchen, 1 master bedroom with walk-in closet and private bath with two additional bedrooms with a second bathroom serving them in both units. Fenced yards, rear and side patios, flower garden, newer HVAC units, fresh paint interior and exterior, garage laundry areas, ceiling fans, garden maintained yards, and a new connection to the public sewer, walk-in master closets, newer window blinds. Stable, excellent longer-term occupants currently rent both units. The lot size is 7,840 sq. ft. NO HOA! Each unit contains: a living room, dining room, kitchen, two bedrooms with one master bedroom with a walk-in closet (total of three bedrooms), and two full bathrooms with shower/ tub. Also covered patios are outside the dining room and master bedrooms.
Nearby schools
4/10
Cathedral City Elementary School
Public,•K-5•1.4mi
4/10
Agua Caliente Elementary School
Public,•K-5•1.6mi
3/10
Nellie N. Coffman Middle School
Public,•6-8•1.3mi
6/10
Cathedral City High School
Public,•9-12•0.9mi
4/10
Desert Learning Academy
Public,•K-12•3.2mi
Condition Rating
Good
Built in 1986, this property has undergone significant updates that elevate its condition beyond 'Fair'. The description highlights 'newer HVAC units' and a 'new connection to the public sewer,' which are major system upgrades indicating recent investment and functionality within expected lifespan. Images show updated stainless steel kitchen appliances, modern dark laminate flooring in bedrooms, and a bathroom with a newer countertop and painted cabinetry. While the kitchen cabinets and countertops are not high-end modern, they are clean, functional, and the overall property is well-maintained and move-in ready with no immediate renovations required, aligning well with the 'Good' condition criteria.
Pros & Cons
Pros
Income-Generating Duplex: Designed as a duplex, this property offers significant income potential, allowing an owner to live in one unit and rent the other, or utilize it as a full investment property, ideal for 1031 exchanges.
Exceptional Maintenance & Upgrades: The property is described as 'nicest and best-maintained,' featuring newer HVAC units, fresh interior/exterior paint, a new public sewer connection, and newer window blinds, indicating a well-cared-for asset.
Stable Rental Income: Both units are currently occupied by 'stable, excellent longer-term occupants,' providing immediate and reliable rental income for the new owner.
No Homeowners Association (HOA): The absence of an HOA eliminates recurring fees and restrictive covenants, offering greater financial flexibility and freedom for the owner.
Functional Unit Layouts: Each unit boasts a practical 3-bedroom, 2-bathroom layout with desirable features like walk-in master closets, fenced yards, and covered patios, appealing to a broad tenant base.
Cons
Property Age: Built in 1986, the property is nearly 40 years old, which may lead to higher maintenance costs for original components not explicitly updated, or require future cosmetic renovations to meet modern tastes.
General Location Appeal: While located in Cathedral City, the specific subdivision and immediate surroundings might not offer the same premium appeal or growth potential as more sought-after areas within the Coachella Valley.
Lack of Specific Interior Renovation Details: The description highlights general maintenance but lacks specific details on major interior renovations (e.g., kitchen/bathroom remodels, flooring updates), suggesting some areas might be dated or require future investment.