68195 Grandview Avenue, Cathedral City, California 92234, Cathedral City, 92234 - 3 bed, 2 bath
68195 Grandview Avenue
Cathedral City, California 92234
Property Price
SUMMARY
Analysis of 68195 Grandview Avenue, Cathedral City, California 92234 reveals a Prime Investment Opportunity with a current list price of $649,000—significantly undercutting the $683,695 Fair Market Value by 5%. This valuation gap indicates a +$34,695 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Cathedral City Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 68195 Grandview Avenue Subject | $649,000* List Price | 3 | 2 | 1,828 | $374 | - |
A 68079 Vista Del Valle Sold | $610,000 | 3 | 3 | 1,607 | $380 | 0.2 mi |
B 39005 Bel Air Drive Sold | $500,000 | 2 | 3 | 1,644 | $304 | 0.2 mi |
C 68035 Valley Vista Drive Sold | $702,500 | 3 | 2 | 1,591 | $442 | 0.2 mi |
D 39390 Marietta Circle Sold | $700,000 | 3 | 2 | 1,525 | $459 | 0.5 mi |
E 68680 Sharpless Road Sold | $590,000 | 4 | 3 | 1,371 | $430 | 0.6 mi |
F 38280 Chuperosa Lane Sold | $495,000 | 3 | 2 | 1,476 | $335 | 0.4 mi |
G 68067 Vista Del Valle Court Pending | $685,000 List Price | 2 | 2 | 1,557 | $440 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Dual-Unit Versatility
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.
- Expansive Lot with Pool Potential
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.
CONSRISKS & DEFICIENCIES
- Ongoing Sewer Assessment
The property is subject to an annual sewer assessment of approximately $1,482 through 2035, which adds to the yearly property tax burden.
- Vintage Infrastructure
Originally built in 1954, the property may require ongoing maintenance or further modernization of its older systems and eclectic architectural elements.
- Rental Limitations
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.
About 68195 Grandview Avenue
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!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1954
- Lot Size
- 15,682 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Cathedral City Unified Schools
Rancho Mirage Elementary School
Grades K-5 • 3.6 mi
Cahuilla Elementary School
Grades K-5 • 4.6 mi
Nellie N. Coffman Middle School
Grades 6-8 • 2.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,828 | 1,753.5 | 56% |
| Lot Size | 15,682 | 7,841 | 97% |
| Price | $649.0K | $545.0K | 78% |
| Price per sq ft | $355 | $309 | 75% |
| Built year | 1954 | 1994 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 179 | 5% |
Pricing History
Listed for Sale
Jan 8, 2026
$649,000
Initial Listing
Sold
Sep 19, 2007
$150,000
Public Record
Sold
Jan 6, 1994
$84,000
Public Record