68797 F Street, Cathedral City, California 92234, Cathedral City, 92234 - 3 bed, 2 bath
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Cathedral City, California 92234
This Modernized Multi-Unit Compound is a Strong Value Opportunity, listed at $539,000—positioned well below the $542,651 Fair Market Value by 1%. This valuation gap offers $3,651 in Instant Equity. Boasting a Condition Rating of 2, the property features a renovated main residence and a separate guest house flanking a Heated Pool with Mountain and Canyon Views. Located in the Palm Springs Unified School District, it offers exceptional privacy and rental utility. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 68797 F Street Subject | $539,000* List Price | 3 | 2 | 885 | $609 | - |
A 38951 Bel Air Drive Active Under Contract | $615,000 List Price | 2 | 2 | 1,040 | $591 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite its 1951 original build date, the property has undergone an extensive recent renovation that brings it to modern standards. The main house features a contemporary kitchen with white shaker cabinetry, quartz countertops, and stainless steel appliances, along with updated bathrooms, new wood-style flooring, recessed lighting, and new windows and doors. The exterior living spaces, including the heated pool and patios, are well-maintained and reflect high-quality current trends, making the home move-in ready with no deferred maintenance.
The property features a unique configuration with a main house and a separate two-bedroom guest house, offering excellent potential for rental income or multi-generational living.
Situated in the desirable Cathedral City Cove and adjacent to open space, the lot provides enhanced privacy and unobstructed mountain views that are rare for the area.
The main home has been thoughtfully upgraded with a modern kitchen, wood flooring, and updated fixtures, providing a move-in-ready aesthetic complemented by a heated pool.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 885, other record living area = 555. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 1.
With only 885 total square feet distributed across multiple structures, the individual living areas and bedrooms may feel significantly undersized for some buyers.
Built in 1951, the property may require ongoing maintenance or further capital improvements to the guest house and garage to bring them to the same standard as the main residence.
Outstanding opportunity to own a Cathedral City Cove compound! Thinking of Multi-generational living? Rental income? This property can suit many situations. Potential abounds to take it to another level if desired, or just enjoy the perfect property as is! 3 Buidings comprised of: A one-bed / one-bath main House which has been nicely upgraded with wood flooring, a modern kitchen, bath, and fresh paint, windows, doors, and lighting. Sliders to the private yard and the pool fill the house with light and give a spacious feel to the home. Outside, across the heated pool, is a two bed one bath guest house. offering even more flexibility for you! In between and wrapped around the structures are multiple patios and outdoor living spaces. The whole property is fenced, including the driveway. Easily enjoy what true desert living is all about.There is a one-car garage, which also provides extra storage areas. A laundry area is located between the garage and the casita. Best of all, the location of this property is adjacent to open space, enhancing both your mountain views and your privacy! Unique properties like this don't come on the market often. Hurry to see this one before it is gone.
No exterior & parking available.
Grades K-5 • 3.3 mi
Grades K-5 • 5.0 mi
Grades 6-8 • 1.5 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 | 885 | 1,747.5 | 1% |
| Lot Size | 6,534 | 7,841 | 22% |
| Price | $539.0K | $552.5K | 46% |
| Price per sq ft | $609 | $316 | 99% |
| Built year | 1951 | 1990 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 94 | 169 | 18% |
Mar 5, 2026
$539,000
Initial Listing
Sep 7, 2011
$46,500
Public Record