35470 Corregidor Dr., Cathedral City, California 92234, Cathedral City, 92234 - 3 bed, 2 bath
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Cathedral City, California 92234
This property presents a High-Potential Investment Opportunity with a List Price of $430,000—positioned well above the $348,498 Fair Market Value by -23%. While the home requires significant capital for repairs due to its Fair Condition Rating, the expansive 11,761 sq. ft. lot and mountain views provide a strong foundation for value-add projects. This asset is best suited for Fix-and-Flip Investors or Contractors capable of managing a comprehensive renovation to unlock the property's full potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 35470 Corregidor Dr. Subject | $430,000* List Price | 3 | 2 | 1,152 | $303 | - |
A 69774 Papaya Lane Sold | $470,000 | 3 | 2 | 1,314 | $358 | 0.9 mi |
B 69895 Papaya Lane Sold | $480,000 | 3 | 2 | 1,314 | $365 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1958 (66 years old) with no evidence of recent renovations. The listing explicitly notes 'deferred maintenance' and 'financing limitations,' which typically indicates safety or structural issues. While the age exceeds the 50-year threshold, the description identifies it as a 'renovation project' for contractors rather than a total tear-down, though it requires a complete rehab of all systems and interiors.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11761, living area = 1152.
Positioned as a prime renovation project, this property offers a blank canvas for investors or contractors to add substantial value through strategic updates and customization.
Situated on a generous 11,761 square foot lot, the property provides ample space for potential expansions, ADU possibilities, or creating a premium outdoor desert oasis.
The home is being sold strictly in 'as-is' condition with visible signs of neglect, requiring a significant capital injection for essential repairs and modernization.
Due to the current distressed state of the property, traditional financing programs may be restricted, likely requiring cash offers or specialized renovation loans.
Property is being sold strictly "as-is" and presents an opportunity for buyers seeking a renovation project. The home shows signs of deferred maintenance and may benefit from repairs, updates, and improvements. Buyers are encouraged to conduct their own inspections and investigations to determine the property's condition and suitability for their intended use. Due to the property's current condition, some financing programs may have limitations; buyers should consult with their lender regarding available financing options. Prospective purchasers should budget accordingly, as the extent and cost of any repairs or improvements are unknown and should be independently verified. This property may appeal to investors, contractors, or buyers looking to customize and improve a home to their preferences.
No exterior & parking available.
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 | 1,152 | 1,752 | 5% |
| Lot Size | 11,761 | 7,841 | 91% |
| Price | $430.0K | $555.0K | 15% |
| Price per sq ft | $373 | $316 | 80% |
| Built year | 1958 | 1990 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 165 | 0% |
Jun 3, 2026
$430,000
Initial Listing
Jun 5, 1996
$47,000
Public Record