68195 Grandview Avenue, Cathedral City, California 92234, Cathedral City, 92234 - 3 bed, 2 bath
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Cathedral City, California 92234
This Dual-Unit Residential Property is a Strong Value Opportunity, listed at $649,000—positioned well below the $683,696 Fair Market Value by 5%. This valuation gap offers $34,696 in Instant Equity. Featuring a main house and separate casita on an expansive 15,882 sq ft lot with Mountain Views, the home holds a Condition Rating of 4. Located in the Palm Springs Unified District, the layout supports rental income or multi-generational living. This versatile asset is ideal for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 68195 Grandview Avenue Subject | $599,000* List Price | 3 | 2 | 1,828 | $328 | - |
A 68079 Vista Del Valle Sold | $610,000 | 3 | 3 | 1,607 | $380 | 0.2 mi |
B 68067 Vista Del Valle Court Sold | $655,000 | 2 | 2 | 1,557 | $421 | 0.2 mi |
C 68620 Nightingale Road Sold | $440,000 | 3 | 2 | 1,392 | $316 | 0.5 mi |
D 38220 Chuperosa Lane Sold | $555,000 | 4 | 3 | 2,131 | $260 | 0.5 mi |
E 39005 Bel Air Drive Sold | $500,000 | 2 | 3 | 1,644 | $304 | 0.2 mi |
F 37827 Melrose Drive Sold | $456,000 | 2 | 2 | 1,471 | $310 | 0.5 mi |
G 68051 Valley Vista Drive Pending | $595,000 List Price | 4 | 2 | 1,648 | $361 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and functional but shows clear signs of age, consistent with its 1954 construction and renovations that appear to be 15-25 years old. The kitchen features dated tile countertops and older white appliances, while the bathrooms and laundry area reflect mid-range updates from previous decades. The presence of wall-mounted cooling units and older fixtures suggests the home is functional but lacks modern system-wide upgrades.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15682, living area = 1828.
The property features a main residence plus a separate casita with its own kitchenette and bathroom, offering excellent potential for multi-generational living or rental income.
The oversized 15,882 sq ft lot provides significant outdoor space and the rare opportunity to add a custom pool and spa in a private desert setting.
The property is subject to an annual sewer assessment of approximately $1,482 through 2035, which adds to the yearly property tax burden.
Originally built in 1954, the property may require ongoing maintenance or further modernization of its older systems and eclectic architectural elements.
Short-term rental permits are contingent upon full-time owner occupancy of one unit, which may limit the property's appeal to purely passive investors.
Back on the market. Buyer financing fell through. New LOWER Price. Offering approximately 1,828 sq ft of living space on an expansive 15,882 sq ft lot with room to add a pool. This unique property features a 2-bedroom, 1-bath main residence plus a separate casita with a flexible bedroom that can be divided into living and sleeping areas, along with a bathroom and kitchenette. Both homes share a conveniently located laundry room and include two large storage areas. The main house offers two bedrooms, a full bathroom, a spacious great room with fireplace, a functional galley kitchen, and a covered front patio--ideal for enjoying a morning coffee or an evening glass of wine while watching the world go by. The casita features a versatile living/sleeping space, a bathroom with tub/shower combination and pedestal sink, a galley-style kitchenette, and a full wall of closets providing ample storage. Covered patios at both the front and back of the guest house extend the living space and create inviting areas for relaxing or entertaining. Additional highlights include dual-pane windows, tile flooring throughout, and defined living and dining areas that enhance comfort and efficiency. Live in one unit and rent the other--short-term, seasonal, or long-term rentals are permitted when owner-occupying one unit full time (buyer to verify with the city). Situated on a quiet, private street and surrounded by mature desert landscaping, the property showcases eclectic architectural character and relaxed desert living. Located in the highly desirable Cathedral City Cove, a friendly and diverse neighborhood known for its welcoming vibe and strong sense of community. Centrally located near downtown Cathedral City's theaters, restaurants, and Agua Caliente Casino, with Palm Springs and El Paseo just 15 minutes away. Sewer installation and street repaving were completed in 2007-2008. The 30-year sewer assessment runs through 2035 at approximately $1,482 annually and is paid with property taxes. Located on FEE land with no HOA, this versatile property offers exceptional value, flexibility, and opportunity. Welcome home!
No exterior & parking available.
Grades K-5 • 3.6 mi
Grades K-5 • 4.6 mi
Grades 6-8 • 2.4 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 | 1,828 | 1,759 | 55% |
| Lot Size | 15,682 | 7,841 | 97% |
| Price | $599.0K | $555.0K | 61% |
| Price per sq ft | $328 | $316 | 59% |
| Built year | 1954 | 1990 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 149 | 168 | 43% |
May 2, 2026
$599,000
$649,000
-8% Price Drop
Initial Listing
Jan 8, 2026
$649,000
Initial Listing
Sep 19, 2007
$150,000
Public Record
Jan 6, 1994
$84,000
Public Record